Property Overview & Key Characteristics
This home at 596 Goulding Street in Winnipeg's Minto neighbourhood presents a classic, compact property built in 1922. Its key appeal lies in its relative efficiency and value within its immediate context. While its 1,092 sqft living area is modest by city-wide standards, it is actually above average for both Goulding Street and the broader Minto area, suggesting a well-utilized interior space for the neighbourhood. The lot size of 2,411 sqft is smaller than most, which can translate to lower maintenance.
The property’s assessed value is notably below average across all comparisons, indicating a potentially lower property tax burden and an accessible entry point into the market. A less obvious perspective is that a home of this vintage on a smaller lot in an established area often appeals to those seeking a simpler footprint without the upkeep of a larger yard or a more sprawling house. It last sold in 2023 for an estimated $250k-$300k.
This home would suit first-time buyers or downsizers looking for an affordable, low-maintenance property in a central, long-established neighbourhood. It’s for a practical buyer who prioritizes location and value over square footage or a large yard, and who is comfortable with the character and potential update needs of a century-old home.
Frequently Asked Questions
1. Is the living space actually small for the area?
No. While the home is 1,092 sqft, it ranks in the top 32% on its own street and top 44% in the Minto area for living area, meaning it is larger than many comparable homes nearby.
2. Why is the assessed value so much lower than the city average?
The assessed value of $21,900 is for municipal tax purposes and reflects the property's value relative to similar homes in its area. It is consistently below average in all comparisons, which typically results in a lower annual property tax bill.
3. What does the lot size mean for me as a buyer?
At 2,411 sqft, the lot is smaller than most in the city (ranking in the bottom 10%). This generally means less exterior maintenance, but also limited space for expansions, large gardens, or extensive outdoor amenities.
4. How can I find out the exact price it sold for in 2023?
The provided sold price is a public data range. To obtain the exact sale price, you can use the email request feature on the listing page. The service provides the accurate figure manually and does not use submitted emails for marketing.
5. What are the considerations with a home built in 1922?
A home of this age offers classic charm but warrants a thorough inspection. Buyers should budget for potential updates to systems like wiring or plumbing and consider the efficiency of original windows and insulation, balanced against the character and solid construction of the era.