Property Overview: 589 Goulding Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 589 Goulding Street in the Minto neighbourhood is a practical, no-frills property built in 1921. Its key appeal lies in its affordability and manageability, positioned as a modest entry point into the Winnipeg market. With 912 square feet of living space, it is comfortably sized for a small household and is notably more spacious than many similar homes on its own street. The lot, while smaller than the city average at 2,415 sqft, offers a low-maintenance yard.

The property’s assessed value is consistently around the average for both its immediate street and the broader Minto area, indicating a stable, predictable valuation in its local context. This creates a clear value proposition: it’s a home that fits the fabric of its established community without the premium of a larger lot or a more recent build.

This house would best suit first-time buyers or pragmatic investors seeking a straightforward, lower-maintenance property. Its smaller scale means lower property taxes and easier upkeep, appealing to those who prioritize financial efficiency and simplicity over size or modern features. A thoughtful perspective for the right buyer is appreciating the character and history of a 105-year-old home in a mature neighbourhood, where the value is in the community itself rather than in standout property specs.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others?
At 912 sqft, the living area is slightly below the average for the Minto area but is actually above average when compared specifically to other homes on Goulding Street. It offers a efficient layout typical of its era.

2. What does the assessed value tell me?
The assessed value of $23,500 is very typical for this street and neighbourhood. It suggests the property is not overvalued relative to its immediate surroundings, which can be a positive for property tax calculations and investment stability.

3. The lot seems small. Is that a concern?
The land area is smaller than most in the city. For buyers looking for minimal yard work or who prefer to spend less on property taxes tied to land value, this can be an advantage. For those wanting extensive outdoor space, it may be a limitation.

4. How can I find out what it last sold for?
The listing indicates a sale occurred between 2019-2025 for an estimated $200k-$250k. The exact sale price is not publicly displayed, but you can request it directly via the email button provided on the detail page.

5. What are the implications of the 1921 build date?
As one of the older homes on the street, potential buyers should prioritize a thorough inspection to understand the condition of major aging components like plumbing, electrical, and the foundation. This age also means the home has a pre-1945 character, which some buyers actively seek.