Property Overview
This home at 578 Goulding Street in Winnipeg's Minto neighbourhood presents a specific and straightforward opportunity. Built in 1941, it's a 656-square-foot residence on a 2,392-square-foot lot. The data consistently shows its key metrics—living area, lot size, and assessed value—are below average when compared to homes on its street, in Minto, and across the city. Its most recent recorded sale was between 2021 for an estimated $150,000–$200,000.
Key Characteristics & Appeal
The primary appeal of this property is its position as an accessible entry point into the Winnipeg market. With a notably low assessed value and compact size, it likely represents one of the more affordable homeownership options available. Its lot, while smaller than most in the immediate area, still provides outdoor space typical of a detached home. The house itself is of a vintage common to its neighbourhood, suggesting potential for updates.
This home would best suit a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without the constraints of a condo. Its below-average costs for taxes and upkeep are a clear advantage. A less obvious perspective is that a smaller, more affordable home on a modest lot can offer greater financial flexibility and less maintenance burden, allowing owners to invest in renovations or other priorities.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's relatively small size (both the home and the lot) and its age compared to the broader Winnipeg market, which includes many larger, newer homes.
2. What does the sold price range from 2021 tell us?
It indicates the home was transacting in the affordable segment of the market at that time. For current value, a professional appraisal and market analysis are necessary, as prices have likely shifted since 2021.
3. Is the smaller lot size a significant drawback?
It depends on your needs. It's the smallest lot on Goulding Street, which limits expansive outdoor projects but also means less yard work and potentially lower landscaping costs.
4. What should I consider about a home built in 1941?
While the building's age is typical for Minto, it's essential to have a thorough inspection. This can identify the condition of major systems (like plumbing and electrical), the need for updates, and potential maintenance items common to houses of this era.
5. How can I get the exact historical sold price?
The exact sale price is not publicly listed. As noted on the detail page, you can request it by email from the service; they provide the figure manually without using your email for marketing.