Property Overview: 144 Paulley Drive, Winnipeg
Key Characteristics & Appeal
This 800 sqft, one-storey home on a 3,539 sqft lot presents a straightforward, low-maintenance living option. Its key appeal lies in its affordability and recent basement renovation, positioning it as a practical entry point into the Winnipeg market. Built in 1972, it is notably newer than most homes on its street and in the immediate Kildare-Redonda area.
The property’s metrics tell a clear story: it ranks below average in size and assessed value for both the neighbourhood and the city, but its recent sale price also reflects that, coming in well below broader averages. This creates a specific niche. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a modest, renovated home without a large mortgage. A thoughtful perspective is that its smaller scale and lot size translate to lower utility costs and less upkeep, offering a simpler, more efficient lifestyle that can be hard to find in modern builds. It’s a home for living in, not a showpiece.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's specific attributes—like its smaller square footage and lot size—relative to similar homes. It reflects the home's market position as a more affordable option within its category, not the city's overall high-value market.
2. The home sold recently. What does that price indicate?
The February 2025 sold price range of $18.5k-$21.5k is consistent with its below-average assessed value. This suggests a transaction based on the home’s functional value as a renovated, livable property, rather than on land value or premium features.
3. What does the "newer" build year mean for me?
While still over 50 years old, being newer than most on the block can imply potentially fewer issues with outdated major systems compared to the area's older stock, though a full inspection is always recommended.
4. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
5. What are the trade-offs for the lower price?
The trade-off is primarily in space. The living area and lot size are below neighbourhood and city averages. You’re purchasing an affordable, updated home, but not one with room to grow or extensive outdoor space.