Property Summary: 52 Paulley Drive, Winnipeg
Key Characteristics & Appeal
This bi-level home at 52 Paulley Drive is a compact, efficiently sized property in the Kildare-Redonda neighbourhood. With 720 sqft of living space and a renovated basement, it offers a practical layout on a standard city lot. The home’s assessed value is notably lower than both area and citywide averages, positioning it as an accessible entry point into the Winnipeg market.
Its primary appeal lies in its value proposition and practicality. It suits first-time buyers or investors seeking a straightforward, lower-maintenance property without a large upfront investment. The renovated basement adds functional living space, a significant plus for a home of this size. A less obvious perspective is that its smaller scale and below-average taxes could appeal to those looking to downsize or minimize ongoing housing costs, while its age (built in 1971) is actually newer than many immediate neighbours, suggesting potentially fewer immediate major updates compared to older peers.
Frequently Asked Questions
1. Is this a small house?
Yes. At 720 sqft, the living area is below average for the street, neighbourhood, and city. This makes it a compact home, best suited for individuals, couples, or small families who prioritize efficiency and affordability over space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s smaller size, age, and market position within its specific area. It is consistent with values for similar, modest homes in older neighbourhoods, not the broader city average which includes newer and larger properties.
3. What does having a “renovated basement” mean for this property?
While specific finishes aren’t detailed, a renovated basement in a bi-level significantly increases the usable living area. It likely adds essential space for a family room, office, or additional bedroom, which is crucial in a home with a smaller main floor footprint.
4. How does the lack of a garage affect daily living?
The property has no garage, which is common for homes of this era and price point. Buyers should plan for street parking and consider the impact of Winnipeg winters. This factor contributes to the lower maintenance and cost profile of the home.
5. The last recorded sale was between $16.5k-$19.5k in 2016. What does that indicate?
That sale price from nearly a decade ago reflects a very different market and potentially a different condition of the home. It primarily serves as a historical data point and is not a reliable indicator of current value, which is better gauged by recent comparable sales and the current assessed value.