636 Goulding Street

Property Overview: 636 Goulding Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is defined by its practicality and position as an accessible entry point into the Winnipeg market. Its key characteristic is its notably low municipal assessed value of $17,700, which places it in the bottom 5% of homes city-wide. The living space is compact at 640 sq ft, and the lot, while a decent size at 2,412 sq ft, is below average for its Minto neighbourhood. Built in 1924, the house is among the older on its street.

The primary appeal lies in its potential as a minimal-footprint investment or a straightforward, low-cost housing solution. It suits buyers with specific goals: first-time purchasers seeking the lowest possible price point to enter the market, investors looking for a rental property with very low property tax overhead, or individuals interested in a small-scale renovation or hold project. A less obvious perspective is that a home with such a low assessment can represent a calculated opportunity; it may allow for financial resources to be directed toward updates or to serve as a long-term holding in an evolving area, with the understanding that it is a modest dwelling in its current state.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's characteristics relative to others. This home's combination of smaller living area, older age, and neighbourhood comparables results in a significantly lower municipal assessment, which directly correlates to lower property taxes.

2. What does the "Top 96%" ranking for living area mean?
This statistic means that 96% of homes on the same street have a larger living area. For this property, it indicates that at 640 sq ft, it is among the more compact homes in its immediate vicinity, where the average is about 939 sq ft.

3. How recent are the sold price estimates shown?
Public records indicate estimated sale ranges in 2019 and 2020. For the exact, verified sold prices, you can request them via email from the listing service.

4. Is the lot size suitable for an addition or expansion?
The lot is 2,412 sq ft, which is below the street and area average but may still offer potential for an addition or outdoor space, subject to City of Winnipeg zoning and building bylaws. A review of specific setback requirements would be necessary.

5. What are the implications of the home's age (1924) for a buyer?
A home from 1924 carries the charm and solid construction of its era but also requires diligent attention to aging components. A thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and the roof, as updates or repairs are likely.