Property Overview
This home at 623 Goulding Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its context. Built in 1923, it's a century-old property that stands out on its street for offering above-average interior space and a higher assessed value than many immediate neighbours, while situated on a smaller-than-average lot.
Its primary appeal lies in its efficient use of space and its position as a relatively larger home within a historic, established community. The data suggests it's a property of contrasts: it feels spacious and valuable compared to the houses directly around it, yet its lot size and age place it in a more modest position when viewed against the wider city. This creates an opportunity for a buyer who values interior square footage and character over a large yard.
This home would best suit a pragmatic buyer looking for character in a mature neighbourhood without a large maintenance footprint. It’s ideal for a first-time homeowner, a small household, or an investor attracted to a property that outperforms its immediate peers in key metrics. It appeals to those who prefer a defined, manageable outdoor space and appreciate the narrative of a home that has been maintained for over a century.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value is in the top 27% on Goulding Street, meaning it is officially valued higher than most neighbouring homes. This often indicates a well-maintained or updated property relative to others on the block.
2. Is the living space actually larger than it seems?
Yes. With 1,134 sqft, it ranks in the top 29% for living area on its street, where the average is 939 sqft. It offers more interior space than most comparable homes in the immediate area, which is a key advantage.
3. What are the implications of the smaller land area?
The lot is 2,413 sqft, which is below average for both the street and the Minto area. This means lower yard maintenance but also less potential for expansion or large outdoor amenities compared to other properties.
4. The home was built in 1923. What should I consider?
A home of this age requires a careful inspection of foundational elements, wiring, plumbing, and insulation. Its historical character is a plus, but prospective buyers should budget for potential updates and be mindful of maintenance consistent with a century-old structure.
5. Why is the city-wide assessed value ranking so much lower?
While the home’s value is strong locally, it ranks in the bottom 20% city-wide. This reflects the broader Winnipeg market, where average property values in newer suburbs or different areas are significantly higher. It highlights this property’s position as an affordable option within the larger city context.