Property Summary: 34 Paulley Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kildare-Redonda presents a compelling opportunity, particularly for its neighbourhood. Its primary appeal lies in its strong standing within a local context. While its 960 sqft living area is modest by city-wide standards, it ranks in the top 11% for size on its own street and is above average for the Kildare-Redonda area. The renovated basement adds valuable functional space. The standout feature is the property's assessed value, which ranks in the elite top 3% on its street and top 2% in the area, suggesting a history of above-average investment and care relative to immediate peers. The lot size is also generous for the locale.
This property would suit a first-time buyer or downsizer seeking a manageable, single-level layout in an established neighbourhood, where the home offers more interior and exterior space than many nearby alternatives. It’s also a sensible choice for a value-oriented buyer who prioritizes a home that stands out positively within its specific community over one that competes in city-wide averages. The recent sale in mid-2024 indicates a fresh, market-tested transaction.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home sold for between $41.5k and $44.5k in July 2024, which is close to its current assessed value of $38.7k. This proximity suggests the assessment is relatively aligned with recent market activity.
2. Is the living space sufficient for a growing family?
At 960 sqft above grade, the living area is compact. However, the renovated basement provides additional flexible space, which could be used for recreation, office, or storage to help accommodate family needs.
3. What does the "elite" assessed value ranking mean for me?
This indicates that, compared to homes on the same street and in the wider neighbourhood, this property has been assessed at a higher value. This often reflects improvements, desirable lot characteristics, or overall condition. It can be a point of pride and a potential indicator of retained value in the local market.
4. How does the age of the home (built 1971) factor in?
Built 55 years ago, the home is typical for its area. The ranking shows it is slightly newer than many neighbours. Buyers should focus on the condition of major systems (roof, wiring, plumbing) and the quality of the basement renovation, as these will be more telling than the build year alone.
5. Are the lot size and detached garage advantages?
Yes. The lot is larger than many in the immediate area, offering more outdoor space. The detached garage provides secure storage or parking, a valuable asset in older neighbourhoods where many homes may only have carports or driveways.