Property Overview: 62 Paulley Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 800 sqft, one-storey home on a 3,540 sqft lot presents a straightforward, low-maintenance living option in Winnipeg's Kildare-Redonda neighbourhood. Built in 1971, it is notably newer than many homes on its street and in the immediate area. The home features a renovated basement, adding functional living space. Key metrics show it sits below the city-wide averages for size and assessed value, positioning it as a more accessible entry point into the market.
Its primary appeal lies in its practicality and relative value. For its street, the living area is close to the local average, suggesting it fits comfortably within the established character of Paulley Drive. The below-average assessed value for the area could indicate a lower property tax burden, a significant but often overlooked cost consideration. This property would suit first-time buyers, downsizers, or pragmatic investors seeking a functional, no-frills home without the premium of a larger lot or above-average square footage. It’s a home for those who prioritize location and essentials over size and luxury.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $24,100 is for municipal tax purposes. Historical sold price ranges for this home (e.g., $21.5k–$24.5k in 2021) have been close to this figure, but the actual market price is determined by current conditions and buyer demand.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the permits, finish quality, and whether it includes legal secondary suite potential, which could affect value and utility.
3. Is the lack of a garage a major concern for this area?
Many nearby properties are also close together, as seen on the street map. The absence of a garage is common, but buyers should consider on-street parking availability and local bylaws, especially during Winnipeg winters.
4. The home is "below average" in size for the city. How does that impact livability?
At 800 sqft (plus basement), the home is compact. This is efficient for individuals, couples, or small families but requires thoughtful space planning. Its ranking as "around average" for its own street suggests the scale is typical for Paulley Drive.
5. Why is the year built considered "above average" for the neighbourhood?
Built in 1971, this home is newer than many in Kildare-Redonda, where the average benchmark year is 1966. This could imply updates to core components (like wiring or plumbing) may have occurred later than in older neighbouring homes, a potential advantage.