Property Overview: 661 Goulding Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a compact, early-20th century property in the Minto neighbourhood, built in 1925. Its key characteristic is its modest scale: with 659 square feet of living space on a 2,411 square foot lot, it is notably smaller than most homes on its street, in Minto, and across Winnipeg. This is reflected in its assessed value of $21,500, which is below average for the area.

The appeal lies in its position as an accessible entry point into the Winnipeg market. It represents a lower barrier to homeownership, potentially suiting first-time buyers, investors, or those seeking a minimalist footprint. The lot, while smaller than area averages, still offers outdoor space in a central location. A thoughtful perspective is that a home of this vintage and size in a mature neighbourhood often has a simpler structure, which can mean lower maintenance costs and heating bills compared to larger, newer homes. It last sold between $150,000-$200,000 in 2019, indicating its market price is significantly higher than its assessed value for tax purposes.

This property would best suit a practical buyer who prioritizes location and affordability over space, or an investor looking for a rental property with a relatively low tax assessment.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the likely selling price?
Municipal assessed value for property taxes is not the same as market value. It is an administrative valuation that often lags behind current market conditions, especially in active markets. The 2019 sale price gives a clearer indicator of its market value.

2. What does the "Top 91%" ranking for living area mean?
It means this home's living area is smaller than 91% of comparable homes on Goulding Street. In other words, only about 9% of homes on the street are smaller. This pattern is consistent when comparing it to the wider Minto area and city.

3. Is a house this old a concern?
Built in 1925, it is older than most homes in the city. This necessitates a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation). However, many homes of this era in Winnipeg are well-maintained and offer a classic charm.

4. Who might this property not be suitable for?
It would likely be unsuitable for families needing multiple bedrooms, anyone requiring home office or extensive living space, or buyers not prepared for the potential maintenance needs of a century-old structure, regardless of its size.

5. How can I find out the exact past sale price?
The exact sale price is not publicly displayed due to local regulations. As noted on the listing, you can request the accurate sold price history by emailing the provided service, which manually retrieves and shares that data.