Property Overview & Key Characteristics

This is a compact, no-frills property at 6-210 Goulet Street in Winnipeg's Central St. Boniface neighbourhood. Built in 1979, its 791 sqft living area is notably smaller than most comparable homes on its street and in the wider area. The home has no basement, pool, or garage. Its primary appeal lies in its ultra-affordable price point, as evidenced by a recent sale price of $19,400 and a modest assessed value around $22k. This positions it as one of the most accessible entry points into the Winnipeg market.

The property would suit a very specific buyer: investors or handy owner-occupants looking for a minimal-cost footprint in a central location. It's a practical choice for someone who views a home primarily as a financial asset or a functional shelter, not a space for expansive living. A thoughtful perspective is that its consistent below-average size and value metrics suggest it's not competing in the traditional residential market; instead, it may serve as a long-term rental unit or a land-value play in a multi-unit building context, given the listing of several other units at the same address.

Frequently Asked Questions

1. Why is the price so low compared to typical homes?
The price reflects the property's very small size (791 sqft), lack of additional features like a basement or garage, and its configuration, which appears to be part of a multi-unit building rather than a standalone house.

2. What type of building is this exactly?
The listing does not specify a building type, but the presence of multiple units at 210 Goulet Street (e.g., 1-210, 2-210, etc.) strongly indicates this is a condominium or apartment-style unit within a larger residential building.

3. Who would be the ideal buyer for this property?
It's best suited for real estate investors seeking a low-cost rental property or for extremely budget-conscious buyers who prioritize location and affordability over space and amenities. It is not suited for those needing room for a family or private outdoor space.

4. How does it compare to the neighbourhood average?
The home is consistently below the neighbourhood average for living space and is around average for assessed value. This indicates you are paying primarily for the location in St. Boniface, not for the size or condition of the unit itself.

5. Is this a good investment opportunity?
Potentially, due to its low entry cost and central location. However, investment returns would depend heavily on rental income potential, the building's condominium fees (if applicable), and the overall maintenance and financial health of the building corporation, which should be investigated thoroughly.