Property Summary: 26 Paisley Place, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Jameswood, built in 1957, presents a unique profile. Its primary appeal lies in its value proposition and established location. While the living space (937 sq ft) is modest and below the local average, the property stands out for its notably low assessed value of approximately $30,900, which ranks well above average for its immediate street. This combination suggests an opportunity for buyers comfortable with a smaller footprint, potentially looking for a lower entry point into the market. The renovated basement adds functional living space.
The lot size is just under 5,000 sq ft, typical for the area, offering standard outdoor space for a mature neighbourhood. A thoughtful perspective is that this home represents the character of its street—it’s one of the oldest homes on the block, offering a sense of established roots. It would likely suit a first-time buyer, an investor, or someone looking to downsize without leaving a well-regarded community like Jameswood. The absence of a garage is a consideration for those reliant on vehicle storage.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including the home's size, age, and specific condition. Its ranking suggests it is assessed favorably compared to direct neighbours, which may indicate a lower property tax burden.
2. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with living areas and a second floor with sloped ceilings, often housing bedrooms. It’s a classic design for Winnipeg homes of this era, offering character but sometimes with less full-height space than a true two-storey.
3. How recent is the basement renovation?
The listing confirms the basement is renovated, but the specific scope and year of renovation are not provided in the public data. This would be a key detail to clarify with the seller or listing agent.
4. The home sold in early 2017. What is the price history?
Public records show a sold price range of $255,000 to $285,000 for the February 2017 transaction. For the exact historical sold price, you can request it directly via the listing site.
5. Is the living area too small compared to other homes in Jameswood?
At 937 sq ft, it is below the Jameswood average. This makes it a more compact home, which appeals to those seeking efficiency and lower maintenance. The renovated basement would help offset the main floor living area.