Property Overview: 821 Goulding Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Goulding Street in the Minto neighbourhood presents a specific and practical opportunity. Built in 1945, it is a notably well-maintained vintage for its area, ranking newer than 75% of similar homes in Minto. Its primary characteristic is its compact 652 sqft living area, which is significantly smaller than most city-wide averages but typical for the immediate streetscape. The assessed value is modest and in line with the local area, though well below the Winnipeg city average.
The appeal lies in its efficiency and location. It suits a buyer seeking an affordable entry into homeownership with lower property taxes, or an investor looking for a manageable rental property. The lot size is a solid, standard city lot, offering potential for outdoor space or future expansion relative to the home's footprint. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—it’s not a large or modernized home, but it is a historically consistent part of a mature community. It would suit a minimalist, a first-time buyer comfortable with a cozy layout, or someone viewing real estate as a long-term land hold in a central area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the specific market values in the Minto area, which are generally more affordable than the average across all of Winnipeg's diverse neighbourhoods.
2. How does the recent sold price (2022: $250k-$300k) compare to the assessment?
The sold price range from 2022 is significantly higher than the current assessed value of $25,200. This is normal, as assessed value for tax purposes is not a market appraisal and often lags behind actual market sale prices.
3. What does the "Top 94%" ranking for Living Area mean?
This means the home's living area is smaller than 94% of comparable properties in its immediate area. It confirms this is a compact home, even within its own neighbourhood context.
4. Is the 1945 build date a concern?
While the home is 81 years old, the data shows it is actually newer than most homes on its street and in Minto. This suggests the structure may be relatively younger than its neighbours, but a thorough inspection is always recommended for any home of this age.
5. What is the potential here for renovation or expansion?
With a standard city lot of over 3,300 sqft, there is physical space to consider an addition or renovation to increase the living area, subject to zoning bylaws and building codes. The value proposition may lie in adding modern square footage to a well-located lot.