Property Overview: 54 Paisley Place, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Jameswood presents a practical and straightforward opportunity. Its key appeal lies in its balance of a generous, above-average lot size for the immediate street and a home that is modest in scale but competitively positioned within its local market. With 988 sqft of living space, it sits around the average for both the street and the Jameswood neighborhood, making it a manageable size for downsizers or first-time buyers. The detached garage adds practical utility.
A standout characteristic is the home’s age; built in 1957, it is among the oldest homes on its street and in Jameswood, which may appeal to buyers interested in a classic layout with potential for updates, or who value the established character of an older community. The assessed value is consistent with area averages, suggesting a stable, no-surprises investment in a mature neighborhood.
This property would best suit buyers looking for an entry point into a settled area without the maintenance of a large house. It’s a sensible fit for a small household, a first-time buyer comfortable with a home of this vintage, or an investor seeking a stable rental property in a neighborhood of similar homes.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area of 5,397 sqft is notably larger than average for Paisley Place itself (ranking in the top 8% on the street), offering more outdoor space than many immediate neighbors. It is roughly average when compared to the broader Jameswood area.
2. Is the home smaller than average?
The living area is slightly below the Winnipeg city-wide average but is very typical for the Jameswood neighborhood and Paisley Place specifically. It reflects the comfortable, mid-century scale of the area.
3. What does the "Elite" ranking for year built mean?
This indicates the home is one of the original houses on the street and in the neighborhood, built in 1957. It doesn’t denote luxury, but rather that it is among the oldest—a point of interest for history or character, but also a consideration for maintenance and systems.
4. What can the last sold price range tell me?
The home sold between $29.5k and $32.5k in September 2021. This historical data shows its market trajectory, but the current assessed value of $30.20k provides the municipal valuation benchmark for today.
5. Who would this property not suit?
It may not be ideal for those seeking a modern, turn-key home without projects, given its age. It also may not fit buyers requiring significant living space or multiple bedrooms, as the square footage is modest. The lack of a basement limits storage and potential for below-ground living space.