Property Overview
This home at 587 Goulding Street in Winnipeg's Minto neighbourhood presents a compact, character-filled opportunity. Built in 1927, it sits on a modest 2,416 sqft lot with 749 sqft of living space. Its assessed value is notably lower than many comparisons, which is a defining feature of its profile. Recent sales data indicates it sold within the $150k–$200k range in both 2017 and 2022.
Key Characteristics & Appeal
The primary appeal of this property lies in its accessibility and value positioning. With a consistently below-average assessed value compared to its street, neighbourhood, and the wider city, it represents a lower barrier to entry into the market. The home is compact, making it manageable for upkeep, and its 1927 vintage suggests potential for classic architectural details. Its lot size, while smaller than many, is proportional to the home's footprint.
This property would suit first-time buyers seeking an affordable starter home, or practical investors looking for a rental property with a relatively low tax assessment. It may also appeal to those who prefer a smaller, more efficient living space without a large yard to maintain. A less obvious perspective is that a home of this age and value in an established neighbourhood could be a candidate for a careful, equity-building renovation, provided one is prepared for the considerations of a near-century-old structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by factors like home size, age, and recent sales in the area. This home’s smaller size and older age contribute to its assessment being below the average for Winnipeg.
2. What does the "Top 70%" ranking for living area mean?
It means this home's living area (749 sqft) is larger than about 70% of similar homes on Goulding Street. It's around the average for its immediate street but is smaller than most homes in the broader Minto area and Winnipeg overall.
3. Is the sold price history reliable?
The listed sale prices ($150k–$200k for 2017 and 2022) are estimated ranges based on public data. To obtain the exact sale prices, you must request them directly via the provided email service.
4. What should I consider about a home built in 1927?
While offering character, a home of this age will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof, and to budget for potential updates or repairs.
5. How does the smaller lot size impact me?
The 2,416 sqft lot is smaller than many in the city, which means less outdoor maintenance. However, it also limits expansion possibilities and offers less private outdoor space. It's important to view the property in person to see if the yard layout meets your needs.