Property Overview: 708 Garfield Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition centered on its lot and location within the Minto neighbourhood. Built in 1952, it is notably newer than most houses on its street and in the immediate area, which may suggest updated infrastructure or a different architectural style compared to its older peers. The primary appeal lies in its generous 3,722 sqft lot, which is larger than average for both the street and the neighbourhood, offering valuable outdoor space and potential in a city where lot size is a premium.

With a modest 828 sqft living area, the house itself is compact. This characteristic, combined with a relatively low assessed value, positions it as an accessible entry point into the Winnipeg market. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable home with a sizable yard. Its value is less about square footage and more about the land and its context—owning a newer home on a street of much older properties can be a unique advantage. The previous sale in the 2021-2022 period provides a recent market benchmark for buyers.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value in Manitoba is primarily for municipal tax purposes and is not a direct indicator of market value. It is influenced by factors like home size, age, and specific location. This home’s modest size and lower assessed value compared to the city average often result in correspondingly lower property taxes, which is a practical financial benefit.

2. The living area is below average. How livable is a 828 sqft home?
While compact, this size is manageable for individuals, couples, or small families. It encourages efficient use of space and lower utility costs. The larger-than-average lot also extends the usable living area outdoors during warmer months.

3. What does it mean that the home is "newer" than most on the street?
With most neighbouring homes dating to around 1930, this 1952 build could mean differences in foundational materials, electrical wiring, plumbing, or layout styles. It may have undergone fewer major renovations than century-old homes, potentially offering more modern conveniences from its era.

4. How reliable are the "sold price" ranges shown?
The ranges are based on public data, which sometimes only discloses sale price brackets. For the exact historical sale price, you must request it via the provided email service. This step ensures accuracy for serious financial planning.

5. Is the large lot size a major advantage?
Yes. A lot of this size (3,722 sqft) in an established neighbourhood offers valuable flexibility. It provides ample room for gardening, recreation, parking, or future expansion (subject to zoning bylaws and permits), which is a feature not easily found in newer subdivisions.