Property Overview: 762 Goulding Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is defined by its compact efficiency and notable affordability within the Winnipeg market. Its key characteristic is a modest 560 sqft living area, which is significantly smaller than most homes on its street, in the Minto neighbourhood, and across the city. This is paired with a very low municipal assessed value of $21,800, placing it well below average for assessed values locally and city-wide.

The primary appeal lies in its potential as an ultra-affordable entry point into homeownership or as a straightforward investment property. The lot size is fairly typical for the immediate area at just under 2,900 sqft, offering standard outdoor space. A less obvious point of appeal is the home's age relative to its neighbours: built in 1949, it is notably newer than many other houses on the street and in Minto, which could suggest comparatively newer infrastructure like plumbing or electrical.

This property would best suit a specific type of buyer: a first-time buyer or investor with a limited budget who prioritizes land ownership and location over interior space. It is a practical choice for someone comfortable with a compact footprint, possibly looking for a minimalist lifestyle, a renovation project, or a long-term hold investment. Its low assessed value also indicates potentially lower property taxes, a key ongoing cost consideration.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Municipal assessments are based on factors like living area, age, condition, and local market values. This home's very small size and its location in a neighbourhood with generally lower-valued homes result in an assessment far below the Winnipeg average, which includes newer and much larger properties.

2. Is the small living area a major drawback?
It is the defining feature of the home. At 560 sqft, it is less than half the size of the average home on the street. It will require efficient use of space and is not suited for those needing multiple bedrooms or ample living areas. Viewing the property in person is essential to understand the layout.

3. The home is listed as "newer" than its neighbours. What does that mean?
While the home was built in 1949, many houses on Goulding Street and in Minto were built in the 1930s or earlier. Being 10-20 years newer than immediate comparables can be an advantage, but it is still a 77-year-old home, so a thorough inspection for age-related maintenance is crucial.

4. What can the nearby property sales tell me?
The listed nearby properties, like 779 Goulding Street, show that homes in the area with more standard living areas (e.g., 1,165 sqft) have slightly higher assessed values. This highlights the direct relationship between size and value here and helps gauge the market context for this uniquely small property.

5. How can I find out what this house previously sold for?
The listing indicates that no public sales history is displayed. You must use the provided email request form to receive the exact sold price history directly from the listing service, as they compile and provide that data manually.