Property Overview: 582 Goulding Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 582 Goulding Street in the Minto neighbourhood presents a specific value proposition defined by its contrasts. Built in 1924, it is a compact, 742 sqft residence on a 2,411 sqft lot. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly within its immediate area. The assessed value ($25,900) is notably above average for Goulding Street itself, suggesting the property is viewed favorably compared to its direct neighbours. However, its living space is below average for the street, area, and city, indicating a smaller, more efficient footprint.
This property would suit first-time buyers, investors, or downsizers seeking minimal upkeep and lower property taxes, who prioritize location and lot potential over interior square footage. A thoughtful perspective is that while the house is modest, its lot size—though smaller than area averages—still offers valuable outdoor space for a home of this size. Its recent sale in the $300k-$350k range (2024) against a low assessed value highlights a market perception that sees value beyond the official tax evaluation, possibly for the land, location, or the potential of an older character home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
Assessed value is for municipal tax purposes and often lags behind current market values, which are driven by buyer demand, condition, and recent comparable sales.
2. What does the "below average" living area ranking mean for daily living?
With 742 sqft, the home is compact. It likely features efficient, older-style layouts with fewer rooms or combined living spaces, suiting individuals, couples, or those comfortable with cozy quarters.
3. Is the 1924 build year a concern?
It indicates a character home that may require more attention to maintenance, wiring, plumbing, or insulation. A thorough inspection is essential, but this era also often comes with sturdy construction and charm not found in newer builds.
4. How does the lot size compare, and what can I do with it?
At 2,411 sqft, the lot is smaller than many in Winnipeg but is still a significant asset for a home of this size. It provides adequate private outdoor space for gardening, entertaining, or future additions, subject to zoning.
5. The sold price is listed as a range. How can I get the exact figure?
The exact sold price is not publicly displayed in detail here. You can request it via email from the service; they provide the accurate figure manually without using your email for marketing.