Property Overview: 745 Goulding Street, Winnipeg
Key Characteristics & Appeal
This home at 745 Goulding Street in the Minto neighbourhood is a study in contrasts, defined by its context. Built in 1931, it sits on a standard city lot of just over 3,100 sq ft. Its primary characteristic is its compact living space of 741 sq ft, which is notably smaller than most homes on its street, in Minto, and across Winnipeg. This positions it as an efficient, lower-maintenance footprint.
The appeal lies in its financial profile and potential. Despite its size, its assessed value of $26,400 is above average for Goulding Street and in line with the Minto area average. This suggests the property holds its value well within its immediate locale, possibly due to the lot value or the character of the street. It last sold between $200k-$250k in 2019. The property would suit a first-time buyer, an investor looking for a manageable rental, or someone seeking an affordable entry into a established neighbourhood without the upkeep of a larger house. It offers an opportunity for someone comfortable with a cozy layout who prioritizes financial efficiency and location over square footage.
A less obvious perspective is that this home represents the "missing middle" in housing—a smaller, historically typical house that is now uncommon compared to newer, larger builds. Its value stability on the street indicates it's in a desirable micro-location, making it a pragmatic choice over a bigger home in a less consistent area.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($26,400) is for municipal tax purposes. The market value (what a buyer would pay) is significantly higher, as indicated by its 2019 sale in the $200k-$250k range. Assessment values across Winnipeg are typically much lower than market prices.
2. How does the small living area (741 sq ft) affect livability?
It requires efficient use of space and may not suit those needing multiple bedrooms or dedicated work-from-home areas. However, it translates to lower utility costs and less maintenance. The floor plan and any potential updates would be key to its functionality.
3. What does the "above average" assessed value for the street mean?
It means that, compared to the 262 properties on Goulding Street, this home's tax assessment is in the top 24% (rank 62). This often reflects a combination of the lot value, the condition of the home, and its perceived value relative to neighbours, suggesting it's considered a solid property on this specific block.
4. Are there concerns with a home built in 1931?
Homes of this age may have outdated electrical, plumbing, or insulation unless they have been renovated. A thorough inspection is essential to understand the condition and anticipate any needed updates, which could be an opportunity to add value.
5. Can I get the exact historical sale price?
The public data shows a range. The listing service notes you can request the exact sold price history by emailing them directly, as they manually provide this detail from their records.