Property Overview: 602 Garfield Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a study in practical balance and potential. Built in 1913, it offers a modest 1,112 sqft of living space, which is comfortably in line with the averages for both its immediate street and the broader Minto neighborhood. Its assessed value of $230K positions it as a more accessible entry point within the city, ranking below the Winnipeg-wide average but offering relative affordability in its local context.

The primary appeal lies in its value proposition for a specific buyer. The lot, at 2,329 sqft, is notably smaller than most in the city, which suggests lower maintenance demands and a more manageable outdoor space—a potential advantage for those seeking a simpler yard or a lock-and-leave lifestyle. Its 1913 origins indicate classic character, but also mean that its condition and any updates will be central to its value.

This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a character home in a central neighborhood without a premium price tag. It’s for someone who prioritizes location and affordability over square footage and expansive land, and who is prepared to evaluate or undertake updates common to a century-old home.

Section 2: Frequently Asked Questions

1. What does the "below average" land area ranking mean for me?
It means the lot is smaller than most. While this limits expansive gardening or large additions, it translates to less time and money spent on yard maintenance and potentially lower property taxes tied to land value.

2. The home was built in 1913. What should I be most concerned about?
Key considerations for a home of this age include the condition of the foundation, the roof, the plumbing and electrical systems (especially if not recently updated), and the presence of any historical materials like knob-and-tube wiring or lead paint. A thorough inspection is essential.

3. The assessed value is below the city average. Is that a good thing?
It can be. It primarily suggests a more affordable purchase price and a correspondingly lower property tax bill than a newer or larger home. It reflects the home’s age, size, and lot dimensions rather than necessarily its condition or livability.

4. How reliable are the listed "Sold" price ranges?
The provided ranges are based on public data and are estimates. For the exact historical sale price, you must request it directly from the source via the provided email link, as they manually verify this information.

5. The living space is "around average" for the area. What does that imply?
It means the home’s size is typical for Minto and on Garfield Street N. You’re getting a standard amount of space for this specific neighborhood, which can be an advantage for both livability and future resale to buyers looking in this area.