Property Overview: 158 Paulley Drive, Winnipeg
Key Characteristics & Appeal
This 800 sqft, one-storey home on a 3,539 sqft lot in Kildare-Redonda presents a straightforward, manageable opportunity. Built in 1971, it is notably newer than many homes on its street and in the immediate neighborhood, which is a subtle advantage for maintenance and system updates. The home features a renovated basement, adding functional living space. It does not have a garage or pool.
Its primary appeal lies in its modesty and positioning as an affordable entry point into the Winnipeg market. The living area and assessed value are below the city-wide averages, indicating a price point that may be accessible for first-time buyers or investors. Interestingly, while the home is smaller than most in the city, it holds its own on Paulley Drive itself, ranking around average for size and value among its direct neighbors. This suggests it fits comfortably within the context of its specific street, which might offer a more cohesive and established community feel than broader area comparisons imply.
This property would best suit a practical buyer looking for a no-frills starter home or a long-term investment property. It’s for someone who prioritizes getting into the market with a renovate basement over seeking premium finishes or ample square footage. The data suggests it’s a home that offers more relative value on its own block than it does in the wider cityscape.
Frequently Asked Questions
1. Is this a small house?
Yes. At 800 sqft of living area, it is significantly below the Winnipeg city average (~1,342 sqft). However, it is closer to the average size for homes on Paulley Drive itself (~868 sqft).
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would require a viewing or inquiry with the seller to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.
3. How does the assessed value relate to the likely selling price?
The assessed value is $25,600. Historically, the home sold in 2017 for an estimated $18.5k-$21.5k. Market conditions change, so the current selling price will be influenced by today's market, but the assessed value and past sale provide a baseline for a lower-priced property.
4. What are the implications of not having a garage?
Buyers should plan for street parking and consider the impact of Winnipeg winters. The lot size is under 4,000 sqft, so adding a garage later may be challenging without sacrificing significant yard space.
5. The home is "newer" than others on the street. Why is that important?
A 1971 build date is older than the city average, but ranks well locally. This can be a positive indicator for the potential age and condition of major components like the roof, foundation, and plumbing compared to older neighboring homes, possibly leading to lower near-term repair costs.