Property Overview
This home at 705 Goulding Street in Winnipeg's Minto neighbourhood presents a distinct profile. Built in 1914, it's a property of contrasts, offering notable space within its context while carrying the characteristics of its era.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this 1,246 sqft home lies in its generous living area relative to its immediate surroundings. It ranks in the top 18% on its street and top 24% in the Minto area for size, meaning it offers more interior space than most comparable local homes. This makes it a standout for buyers seeking roominess within a mature, established neighbourhood.
However, its 1914 construction means potential buyers should be prepared for the realities of a century-old home, including possible maintenance considerations and older systems. The lot size is modest, particularly compared to the Winnipeg city-wide average, suggesting a lower-maintenance yard but limited space for expansion.
Its assessed value is consistent with the local area but sits well below the city average, indicating a more accessible price point for a home of this size. Recent sales history shows stable value in the $250k-$300k range.
This property would best suit a pragmatic buyer who values interior space over a large yard and is comfortable with—or actively seeks—the character and history of an older home. It’s ideal for someone looking to get more square footage for their dollar in a central location, without the premium for a newer build or a large lot.
Frequently Asked Questions
1. Is the $25,300 assessed value the sale price?
No. The assessed value is for municipal tax purposes. The market sale price is determined between buyer and seller. Recent sales data suggests a likely price range in the $250,000 to $300,000 bracket.
2. What does it mean that the home is "below average" for year built city-wide?
This statistical comparison simply confirms that the home (built in 1914) is older than the typical Winnipeg home (average year built ~1966). It highlights the property's historic character but doesn't comment on its condition.
3. How can the living area be "above average" while the lot size is "below average"?
This is a key feature of this property. The house itself is proportionally larger on a smaller, more compact lot. This is common in older, established neighbourhoods and appeals to those prioritizing indoor living space over extensive outdoor maintenance.
4. What are the implications of buying a 110-year-old home?
While offering charm and established neighbourhood roots, a home of this age may require closer attention to foundational integrity, plumbing, electrical wiring, and windows. A thorough, specialized inspection is highly recommended.
5. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed higher by newer, larger homes in suburban areas with bigger lots. This home’s assessment aligns with the more modest, older housing stock in its specific neighbourhood and similar central communities, reflecting its local market context.