Property Overview: 649 Goulding Street, Winnipeg
Key Characteristics & Appeal
This home at 649 Goulding Street in the Minto neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1927, its 849 sqft living space is modest but competitively sized for the immediate street and area. The lot, at 2,412 sqft, is smaller than most in the city but offers a manageable outdoor space for those seeking low-maintenance living.
Its core appeal lies in its value positioning. The home’s assessed value is notably below the citywide average, yet it has shown significant price appreciation, with its last sale in 2024 being substantially higher than its 2019 sale. This suggests it is seen as a value-add property in a transitioning area. It suits first-time buyers, investors looking for a rental property with a relatively low tax assessment, or downsizers seeking a cozy, no-fuss home. A thoughtful perspective is that its smaller scale and lot offer lower utility costs and easier upkeep, freeing up time and budget—a trade-off some buyers actively seek over more square footage.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 849 sqft, the living area is slightly below the average for Goulding Street itself (939 sqft average) and for the broader Minto area (1,060 sqft average). It is a compact, efficiently sized home.
2. What does the sold price history indicate?
The home sold in the $300k-$350k range in 2024, a significant increase from its $200k-$250k sale in 2019. This strong appreciation indicates growing demand and perceived value in the location.
3. Is the assessed value the same as the market value?
No. The city’s assessed value for tax purposes is $25,500, which is dramatically lower than recent sale prices. Market value is determined by what buyers are willing to pay, as seen in the 2024 sale.
4. What should I consider about a home built in 1927?
While offering classic charm, a home of this age may require updates to mechanical systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and any needed investments.
5. The lot seems small. What are the implications?
The 2,412 sqft lot is smaller than about 83% of lots on its street. This means a smaller yard to maintain and potentially less privacy, but also lower maintenance costs and less time spent on outdoor chores.