Property Overview: 818 Goulding Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, post-war home built in 1945, situated on a standard-sized lot in the Minto neighbourhood. Its key characteristic is its modest 652 sqft living area, which is notably smaller than most homes on its street, in Minto, and across Winnipeg. This creates a distinct profile: the property holds an average assessed value for its immediate area, suggesting the land and location provide solid underlying value, while the home itself is a smaller-scale opportunity.

The primary appeal lies in its efficiency and potential. It represents a lower-barrier entry point into homeownership, with property taxes likely reflecting its assessment. It suits a specific buyer: a first-time purchaser, an investor looking for a manageable rental, or a downsizer seeking a minimal footprint. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and a simpler, more manageable renovation project compared to larger, more complex homes. Its "above average" year-built ranking on the street indicates it is relatively newer than many neighbours, which can be a positive for systems and structure.

Section 2: Frequently Asked Questions

1. Why is the living area significantly smaller than nearby homes?
This home was built in an era of more modest starter homes. Its footprint is simply smaller, which is reflected in its rankings, placing it in the top 94-98% (meaning only 2-6% of comparable homes are smaller). This is the defining feature of the property.

2. How can the assessed value be average for the area when the house is so much smaller?
Assessment considers both land and building value. This suggests the lot value and location within Minto are consistent with the neighbourhood, while the structure's contribution to the total value is less due to its size and age.

3. What does the sold price history (2017: CA$200k–250k) tell us?
This gives a historical benchmark, showing the home traded in that range eight years ago. It’s crucial to note this is not a current valuation but a past data point. The current assessed value is $25,500, which is used for calculating property taxes, not market price.

4. How does the lot size (3,376 sqft) compare?
The lot is fairly typical for the area, ranking around average for both Goulding Street and Minto. It is, however, below the city-wide average, which includes newer suburbs with larger lots. This is a standard city lot for the neighbourhood.

5. Where can I find more detailed context about the immediate area?
The listing references a "neighbourhood analysis page" that maps nearby houses for direct comparison of year built, living area, assessed value, and lot size. This is the best tool to visually understand how this property fits within its specific block.