Property Overview

This home at 673 Garfield Street N in Winnipeg's Minto neighborhood presents a compelling mix of space, value, and established character. Built in 1948, its key appeal lies in its generous proportions relative to its immediate surroundings. The 1,557 sqft living area is notably larger than most comparable homes on the street and in the area. The standout feature is the 4,759 sqft lot, which ranks in the top 1% on Garfield Street N, offering significant outdoor space that is increasingly rare in mature neighborhoods.

The property’s assessed value is positioned in the elite tier for both the street and the broader Minto area, suggesting it is viewed as a higher-value asset in its local context, though it sits around the city-wide average. This creates an interesting dynamic: you are acquiring a home that is a leader in its own community in terms of space and municipal valuation. It last sold between $300k-$350k in 2023.

This home would suit a buyer looking for a well-established neighborhood who prioritizes indoor and outdoor space over a brand-new build. It’s ideal for someone who sees value in a larger, older home that offers room to grow or garden, and who understands the trade-offs and potential maintenance considerations of a house nearing 80 years old. The data suggests it's a substantial property within its specific locale, offering more house and land than the neighbors typically have.

Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sale price?
Municipal assessed values in Manitoba are primarily for taxation purposes and often do not reflect current market value. The recent sale price is a far better indicator of the home's worth in today's market.

2. What does the lot size ranking actually mean for me?
Ranking in the top 1% for lot size on the street means you have one of the largest properties in the immediate area. This translates to more privacy, yard space for recreation or gardening, and potentially more future flexibility than most homes nearby.

3. The home is older than the city-wide average. Should I be concerned?
A 1948 home will likely require diligent maintenance and updates. The key is to have a thorough inspection focusing on foundational integrity, roofing, wiring, and plumbing. Its age is typical for the Minto area, where it actually ranks as newer than average.

4. How reliable are the "Top X%" rankings provided?
These rankings are a useful, data-driven way to understand how this property compares to specific groups of "comparable homes" in different geographic circles. They highlight that this home offers more living space and land than most similar properties in its neighborhood and street.

5. Where can I see more details about the neighborhood and nearby properties?
You can use the provided link to open the neighborhood analysis page, which displays the property on a map alongside nearby houses, allowing you to visually compare details like year built, lot size, and assessed value.