Property Overview: 166 Paulley Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Paulley Drive in Kildare-Redonda is a compact, efficiently sized property. With 800 sqft of living space and a renovated basement, it offers a practical layout for downsizers, first-time buyers, or investors. Built in 1971, it is notably newer than many homes on its street and in the immediate neighborhood, which can be an advantage for systems and upkeep.
The primary appeal lies in its position as an affordable entry point into the Winnipeg market. Its assessed value is modest compared to city-wide averages, suggesting a lower property tax burden. The lot, while smaller than typical for the area at 3,538 sqft, translates to less exterior maintenance—a boon for those seeking a manageable yard. The home’s recent sale history indicates a stable, lower-price segment of the market.
This property would best suit practical buyers prioritizing financial accessibility and ease of maintenance over size. It’s a candidate for someone looking to build equity without a large mortgage, or for an investor seeking a straightforward rental property. Its above-average age ranking locally hints at a streetscape of well-established homes, appealing to those who prefer mature neighborhoods.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While below average in size for the area, the lot requires less time and money for landscaping and upkeep. This can be a significant benefit for buyers who view a large yard as a chore rather than an asset.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg average, the annual property tax bill for this home is likely to be proportionally lower, which is a key part of its overall affordability.
3. What does "renovated basement" typically mean here?
In a home of this era and size, a renovated basement often adds crucial functional living space, such as a family room, additional bedroom, or laundry area, effectively increasing the home’s utility beyond its main-floor square footage.
4. The home sold in 2021. What does that price range indicate?
The previous sale price, even at its higher estimate, remains well below current city-wide averages. This reinforces the home’s position in an affordable market niche and suggests a history of stable, modest valuation.
5. There's no garage. How is parking handled?
The listing indicates no garage. Buyers should investigate the driveway situation and on-street parking availability, which is common in older neighborhoods. For some, the lack of a garage is a trade-off for the home’s lower price point.