Property Overview: 764 Goulding Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its lot and location within the Minto neighborhood. Built in 1949, it is notably newer than most houses on its street and in the immediate area. The primary standout feature is the 3,859 sqft lot, which is larger than average for both the street and the Minto area, offering valuable outdoor space or future potential in a mature community.
The appeal here is pragmatic. With 702 sqft of living space, the house itself is compact—significantly smaller than area averages. This makes it a candidate for a first-time buyer, an investor, or someone seeking a lower-maintenance footprint without sacrificing yard size. Its assessed value is above average for the street, suggesting it is viewed favorably relative to its closest peers, though it sits below the wider city average. The property last sold between $250k-$300k in 2023.
This home would best suit a buyer who prioritizes land over square footage, is comfortable with a smaller, older home that may require updates, and is looking for an entry point into a established neighborhood. It’s a practical choice for those who see value in the underlying asset (the lot) and are willing to invest sweat equity or live modestly.
Section 2: Frequently Asked Questions
1. Is the house in need of major renovation?
Given its age (77 years) and compact size, buyers should budget for updates. While the newer build date relative to neighbors is a plus, a professional inspection is essential to assess the condition of major systems like plumbing, electrical, and the roof.
2. How does the assessed value relate to the likely market price?
The assessed value for municipal taxes ($26,400) is not a market appraisal. The 2023 sale in the $250k-$300k range is a more current indicator, but market conditions change. Always seek a current market evaluation from a real estate professional.
3. What are the advantages of such a large lot for a small house?
The generous lot provides outdoor space rare for the area, allowing for gardening, recreation, or storage. It also offers long-term potential, such as the possibility of an addition (subject to zoning) or simply holding greater inherent property value.
4. How does living area impact livability and resale?
At 702 sqft, the floor plan will be efficient. It likely suits 1-2 people comfortably. While cost-effective to maintain and heat, some future buyers may be deterred by the size, which is a key factor to weigh against the lot's benefits.
5. Where can I get more specific data on sold prices and the neighborhood?
The listing service notes that exact historical sold prices are available upon direct request. For a detailed visual comparison of this property against nearby homes for metrics like year built and lot size, you can access the dedicated neighborhood analysis map linked in the full details.