Property Overview: 742 Garfield Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 742 Garfield Street N in the Minto neighbourhood presents a classic Winnipeg character home built in 1940. With 1,150 square feet of living space on a 3,146 sqft lot, its size is very typical for its immediate street and area, offering a comfortable footprint without being oversized. The data reveals a nuanced position: while the home is average or slightly above average for its local context in terms of size, lot, and assessed value, it stands out on its street as being newer than many of its neighbours—a potential indicator of updated infrastructure or a different architectural period.

The primary appeal lies in its established, stable setting. It suits a buyer looking for a home that aligns with the existing community fabric, rather than an outlier. This could be a first-time buyer seeking an entry into a mature neighbourhood, or a downsizer wanting manageable space without leaving the city. The significantly lower city-wide assessed value compared to the average Winnipeg home suggests a more accessible price point, though this typically reflects the home’s age, location, and the modest lot size by broader suburban standards. It’s a property for someone who values neighbourhood character over a large yard or brand-new construction.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the likely listing or sale price?
The assessed value is for municipal tax purposes and is often lower than market value. The last known sale was between $250k-$300k in 2021. A current market evaluation would be needed, but the assessed value suggests this is not a high-end property city-wide, which may influence affordability.

2. The home is noted as being "newer" on its street. What are the implications?
Built in 1940, it is newer than the average home on Garfield Street N (avg. 1930). This could mean construction methods or original layouts are slightly more modern, and there may have been fewer decades of wear prior to any updates. However, it is still an 86-year-old home, so a thorough inspection is essential.

3. How does the lot size impact living here?
At just over 3,000 sqft, the lot is standard for the central neighbourhood. It provides adequate outdoor space for a patio or small garden but is not suited for extensive additions or large recreational yards. This lot size contributes to lower maintenance.

4. The sold price history shows a range. How can I get the exact figure?
The exact sold price is not public record in Manitoba. As noted on the detail page, you must request this information directly from the site via email. They provide this data manually as a service.

5. Who would this property not be ideal for?
It may not suit buyers seeking a large, modern suburban home with a massive yard, or those unwilling to manage the maintenance and potential updates common with a home of this age. The data shows it ranks below the city average for lot size and year built, indicating it’s a more compact, classic urban property.