Property Overview: 38 Paisley Place, Jameswood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Jameswood is defined by its practical size and notable lot. With 1,014 sqft of living space, it sits above average for its immediate street but offers a more compact footprint citywide. Its primary standout feature is the 5,397 sqft lot, which is well above average for the Paisley Place area, presenting a clear opportunity for gardening, expansion, or simply enjoying more private outdoor space than most neighbors.
The home’s appeal lies in its position as a grounded, entry-level property with specific advantages. Built in 1957, it is one of the older homes on the street, which may appeal to buyers interested in classic character or a straightforward renovation project. The assessed value is modest relative to the city, suggesting a potentially accessible price point. This property would suit first-time buyers, downsizers looking for a manageable single-level layout, or value-oriented investors seeking a home with a desirable lot size that could be enhanced over time. Its true potential is for a buyer who sees the land as a key asset and is comfortable with a home that is functional but may require updates.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
The listing does not specify condition, but the age (1957) and assessed value suggest it is likely a candidate for some modernization. Buyers should budget for potential updates to systems, finishes, or layout.
2. Why is the assessed value relatively low?
The assessed value is below average for the street and city. This typically reflects the home’s age, size, and current condition rather than the land value. It can indicate a more affordable tax base and an opportunity to add value through renovations.
3. What are the benefits of such a large lot?
The lot size is a key feature. It offers ample yard space, greater privacy, and future potential like adding a garage, building an addition, or creating extensive landscaping—options often limited on standard-sized lots.
4. How does this home compare to others in Jameswood?
The home is around average for size and value within the broader Jameswood area. Its distinctiveness comes from its combination of a larger-than-average lot for the street and a smaller, older home footprint, setting it apart from more uniformly modern properties.
5. What is the neighborhood like?
Located on a quiet place (cul-de-sac) in Jameswood, the area is established and residential. The data shows homes here are of similar vintage, suggesting a mature, stable community with a mix of original and updated properties.