Property Overview
150 Paulley Drive is a compact, one-storey home in Winnipeg's Kildare-Redonda neighbourhood. Built in 1971, it features an 800 sqft living area and sits on a 3,539 sqft lot. The home includes a renovated basement and does not have a garage or pool. Its most recent assessed value is $26,500.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its efficiency and position as an accessible entry point into the market. With a living area that is around average for its immediate street but below average for the wider area and city, it represents a more modest footprint. The renovated basement adds functional living space, which is a key asset. The lot size is manageable, requiring less maintenance than larger properties.
Its strongest suit is value stability within its immediate context. On Paulley Drive itself, the home ranks around average for both living area and assessed value, suggesting it is priced consistently among its closest peers. A notable point is that it is one of the newer homes on its street, which may imply fewer immediate concerns with the age of major components compared to neighbours.
This property would suit first-time buyers or downsizers seeking a straightforward, low-maintenance home without the premium for extra space or a large yard. It’s a practical choice for someone whose priority is financial accessibility and a renovated living space over square footage or expansive outdoor areas.
Section 2: Frequently Asked Questions
1. How does the value of this home compare to others?
On its own street, the home is very typical, ranking near the middle for both size and assessed value. However, compared to the broader Kildare-Redonda area and Winnipeg overall, its size and assessed value are below average, which is reflected in its accessible price point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from cosmetic updates to full legal suite potential, significantly impacting the home's utility and value.
3. Is there potential to add a garage later?
The lot is below average in size for the area. While possible, adding a garage would consume a significant portion of the outdoor space. Reviewing local zoning bylaws and discussing plans with the city would be essential first steps.
4. The sold price history shows a significant increase between 2016 and 2024. What does this indicate?
The sold price range increased from approximately $14.5k-$17.5k in 2016 to $27.5k-$30.5k in 2024. This likely reflects both market-wide appreciation over eight years and the value added by the basement renovation. It shows a history of increased valuation.
5. What are the implications of it being an older home, even if it's newer than some on the street?
Built in 1971, major systems like roofing, plumbing, and electrical are over 50 years old. While being newer than some neighbours is a relative positive, a thorough inspection is crucial to understand the condition and remaining lifespan of these core components.