Property Overview
This 1946 one-and-a-half storey home on a spacious 3,268 sqft lot in Minto presents a practical opportunity. Its key appeal lies in its balance of established neighbourhood character and updated utility. The home itself is 1,165 sqft with a renovated basement, offering functional living space. The detached garage and larger-than-average lot for the street provide valuable flexibility for parking, storage, or outdoor projects.
The property would suit a first-time buyer looking for a solid entry point into the market with some immediate livability, or an investor seeking a character home with proven rental demand in the area. Its rankings show it performs well on lot size and recent sale price within its immediate context, suggesting it's a competitively positioned asset in its peer group. A less obvious perspective is that homes from this era on good lots often hold latent potential for energy efficiency upgrades, which could be a long-term value play.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the selling agent to understand if it's a fully developed living space, a modernized utility area, or something in between.
2. How does the assessed value compare to the asking price?
The last municipal assessed value was $26,200. It last sold in June 2021 for $29,500. The current asking price is not stated in the provided data, so a direct comparison requires checking the current listing. The 2021 sale price can serve as a recent market benchmark.
3. What is the neighbourhood of Minto like?
Minto is a mature, central Winnipeg neighbourhood. The high number of nearby and similar properties viewed by others indicates it's an active market with many comparable homes, which can be helpful for both valuation and understanding the community fabric.
4. Are there any concerns with an 80-year-old home?
While the renovated basement is a plus, the core structure is eight decades old. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original plumbing and electrical systems, roof age, and overall structural integrity, as these are typical consideration points for homes of this vintage.
5. What are the advantages of a larger lot on this street?
With a lot size ranking in the top half of Goulding Street, this property offers more outdoor space than many of its direct neighbours. This could allow for a larger garden, enhanced privacy, or future expansion potential where bylaws permit, which is a relative rarity in established central areas.