Property Overview: 702 Goulding Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and location. Built in 1914, its primary appeal lies in its above-average living area of 1,302 sq ft, which ranks within the top 11% of homes on Goulding Street and the top 19% within the broader Minto area. This offers more interior room than many neighbouring properties. The lot, at 2,701 sq ft, is typical for the local neighbourhood.
The home’s assessed value is notably lower than the city-wide average, which can indicate a different property tax calculation compared to newer homes. This profile suggests a property that provides generous interior space for the immediate area, potentially appealing to buyers who prioritize room over a modern build date. It would suit a practical buyer looking for character in a mature neighbourhood, who is comfortable with the maintenance considerations of a century-old home and sees potential in its established footprint. A thoughtful perspective is that its strong "space ranking" locally could offer a relative sense of privacy and comfort that isn't immediately apparent from its age or assessed value.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value for property taxes is not the same as market value. This lower assessment, common for older homes in established neighbourhoods, often results in a correspondingly lower annual property tax bill, which is a ongoing financial benefit.
2. What should I consider with a home built in 1914?
While offering classic character, a home of this age will likely require diligent maintenance and updates to major systems like wiring, plumbing, and insulation. A thorough, professional home inspection is essential to understand the condition and any needed investments.
3. The home sold twice recently (2017, 2019). Is that a concern?
The recent sales history suggests a higher turnover. It’s a neutral fact, but a prudent buyer would want to understand the context—such as the reasons for sale and what work, if any, was completed during those periods of ownership.
4. How meaningful is the "top 11%" living area ranking on the street?
It’s a significant data point. It means this home offers more interior space than 89% of the homes on Goulding Street. For daily living, this translates to more room than you’d typically find in the immediate vicinity, which is a key advantage.
5. The lot size ranks lower city-wide. Is that a drawback?
The lot is smaller than the sprawling lots found in newer suburban areas, but it is very typical for the Minto neighbourhood. It represents a manageable outdoor space that aligns with the community’s established character and lot patterns.