Property Overview: 692 Goulding Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition rooted in its immediate neighbourhood. Built in 1941, it is a well-established property in the Minto area. Its primary appeal lies in offering above-average space and lot size for its local market. With 1,378 sqft of living area and a 3,855 sqft lot, it ranks in the top 20% of similar homes on its street and in the Minto area for both metrics. This means you get more interior room and outdoor space than is typical for the vicinity.
The assessed value of $28,800 is also above the local average, which often correlates with a larger or more updated property. A less obvious perspective is that this home represents a "big fish in a small pond" scenario—it stands out positively within its established community but would be considered more average or modest in a city-wide comparison. This dynamic can offer great value for someone committed to this specific area.
This property would suit a practical buyer looking for a spacious home in a mature neighbourhood without a premium city-wide price tag. It’s ideal for someone who values neighbourhood character and getting more square footage for their budget, and who is prepared for the maintenance or updates that can come with an 85-year-old home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Property assessments are relative within market areas. This home's value is assessed above average for Minto and its street, reflecting its size and condition locally. The city-wide average is skewed higher by assessments in newer suburbs and more expensive neighbourhoods.
2. How does the sold price history from 2019 relate to today’s value?
The home sold for an estimated $250k-$300k in 2019. This provides a historical benchmark, but current market conditions, interest rates, and any updates made since then will determine its present value.
3. What does the "top 8%" ranking for living area on the street actually mean?
It means that among 262 comparable homes on Goulding Street, only 21 (or 8%) have a larger living area. This home offers more interior space than 92% of its direct neighbours.
4. Are there concerns with a house built in 1941?
While the home's age is typical for the area, it's essential to have a thorough inspection. This can verify the condition of major systems (like wiring, plumbing, and the foundation) and the roof, which may have been updated over the years.
5. How can I get the exact sold price instead of a range?
The exact sale price is not publicly posted due to local regulations. You can request it by email via the button on the listing page. The service is manual, with a promise of a reply by the end of the same day and no marketing spam.