Property Overview: 53 Paisley Place, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1957, situated on a standard-sized lot in the Jameswood neighbourhood. With just over 1,000 square feet of living space, the house is typical for its immediate street and area, offering a practical layout for simpler living. Its standout characteristic is its exceptionally low assessed value, which ranks in the bottom quarter of homes on its own street and well below averages for Jameswood and Winnipeg overall. This creates a compelling entry point into the market.
The primary appeal lies in its affordability and potential. It represents one of the most accessible price points in the area, suited for a first-time buyer, an investor, or someone seeking a minimal property tax burden. The lot size is average, providing reasonable outdoor space for a home of this era. A less obvious perspective is that its "elite" ranking for year built on its street indicates it is among the oldest homes in the vicinity, which can appeal to buyers interested in character homes from that period or who see value in the established, mature setting of the neighbourhood.
This property would best suit a practical buyer with a limited budget who is comfortable with a home that likely requires updates or maintenance. It’s also a candidate for an investor looking for a rental property with a lower initial investment. It is not suited for someone seeking modern finishes, ample space, or premium neighbourhood amenities without a significant renovation plan.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes and is significantly below area averages. This typically reflects the home’s age, condition, size, and lack of recent major upgrades compared to neighbouring properties.
2. What does the "elite" ranking for year built mean?
This statistical ranking indicates 53 Paisley Place is one of the very first homes built on its street (rank 1 out of 24). It doesn't denote luxury, but rather that it's a founding home of that specific block, offering a well-established setting.
3. Is the sold price history provided exact?
No, the listed sold price is a range based on public data. The exact sale price from September 2020 can be requested directly from SaveOnHouse via email for accuracy.
4. What are the implications of having no basement?
A lack of a basement limits storage space and potential for adding finished living area. It can also mean all mechanical systems (furnace, water heater) are on the main floor, which may affect layout and noise. This is a key consideration for space needs.
5. How does the living area compare to a typical Winnipeg home?
At 1,007 sq ft, it is below the Winnipeg city-wide average for comparable homes (1,342 sq ft). However, it is very close to the average for both its immediate street (1,016 sq ft) and the Jameswood area (1,059 sq ft), making it a standard-sized home for this specific locale.