244 Garfield Street S – Property Summary
Key Characteristics & Buyer Profile
This is a spacious 1915 home in Wolseley with 1,856 sq ft of living space — well above the street average of 1,085 sq ft and ranking in the top 2% on Garfield Street S. The lot is 3,658 sq ft, larger than most on the street and in the neighbourhood, though smaller than the city average for standalone homes. The assessed value of $434,000 sits at the high end locally (top 3% on the street, top 21% in Wolseley), but is closer to the city median.
Where this property stands out is size per dollar in a desirable older neighbourhood. The home is older than the city average (1915 vs. 1966), but that’s typical for Wolseley, where many homes date from the early 1900s. Buyers who value character, generous room proportions, and a prime location over modern finishes will find this appealing. It suits someone looking for a larger-than-average home in a walkable, established area — possibly a couple or small family who wants space to grow into, or someone willing to update gradually while enjoying a strong street and neighbourhood ranking.
FAQs
1. How does the assessed value compare to what I might actually pay?
The assessed value of $434,000 is a tax assessment, not a market price. In Wolseley, sale prices often exceed assessments, especially for larger homes on better streets. You’ll want to look at recent comparable sales nearby to gauge the current market.
2. The building is from 1915. What should I look out for?
Homes of this age often have original charm, but also older systems. Expect potential updates needed for plumbing, electrical, insulation, and foundation work. A thorough inspection is worthwhile — especially for knob-and-tube wiring, galvanized pipes, or lead paint in older finishes.
3. Why is the lot size ranked high locally but low city-wide?
Many homes in Wolseley have smaller city lots, so this property’s 3,658 sq ft is generous by neighbourhood standards. Across Winnipeg, however, post-war and suburban lots are much larger on average (6,570 sq ft), so the ranking drops. It’s not a drawback — just reflects the different lot expectations in older central areas vs. newer suburbs.
4. How do property taxes compare to similar homes in the area?
Since the assessed value is above the Wolseley median, taxes will be higher than many nearby homes. But on a per-square-foot basis, this property likely offers more space for a lower tax rate than newer, similarly priced homes elsewhere in the city.
5. What’s the street like in terms of resale value and neighbourhood stability?
Garfield Street S ranks in the top 2–3% for both living area and assessed value within the street’s own housing stock. That suggests a strong, consistent block with desirable homes. Wolseley is an established, walkable neighbourhood with good resale demand, particularly for homes that retain original features or have been thoughtfully updated.