Property Overview: 709 Goulding Street, Winnipeg
Key Characteristics & Appeal
This home, built in 1914, presents a compelling mix of space, location, and value within its immediate community. Its primary appeal lies in its above-average interior space for the Minto neighbourhood and Goulding Street itself. With 1,342 sqft of living area, it ranks in the top 9% on its street and the top 16% in Minto, offering more room than most comparable local homes. The lot, at just under 2,900 sqft, is typical for the area.
The property’s assessed value is notably higher than those of its closest neighbours, which often indicates updates, a desirable layout, or other attributes not captured in basic metrics. A less obvious perspective is that a 112-year-old home in average condition for its city-wide age group suggests significant character and potential heritage, but also implies a need for a buyer comfortable with the maintenance and systems of a century-old structure. It last sold in the $300k-$350k range in 2024.
This home would best suit a buyer looking for a character property with generous interior space in a mature, established neighbourhood. It’s ideal for someone who values being in a home larger than most on the block and understands the trade-offs of an older build. It may also appeal to a value-conscious buyer seeking a foothold in a community where the property stands out against local benchmarks, rather than competing in the broader city market.
Frequently Asked Questions
1. What does the high assessed value relative to the street indicate?
A higher assessed value compared to direct neighbours typically reflects factors like renovations, additions, superior condition, or a more desirable floor plan. It suggests the municipality sees this property as having greater worth than others on the block.
2. Are there concerns with a house built in 1914?
While offering charm and solid construction, a home of this age will likely have older plumbing, electrical, and insulation. A thorough inspection is essential to understand the condition of these systems and plan for potential updates or maintenance.
3. How does the sold price range compare to the assessed value?
The 2024 sold price ($300k-$350k) is significantly higher than the $28,500 assessed value. This is normal, as municipal assessed value for tax purposes is not a market valuation and is often much lower than actual sale prices.
4. Is the lot size a limitation?
At 2,889 sqft, the lot is average for Minto and Goulding Street. It provides standard yard space for the neighbourhood but is below the city-wide average, which includes newer suburbs with larger lots. It suits those preferring lower outdoor maintenance.
5. Why is the city-wide ranking for living area only "average"?
While this home is spacious for its neighbourhood, newer suburban homes have increased average square footage city-wide. This highlights that one of this property's key strengths—its generous space—is specifically relative to its established, inner-city community.