Property Overview: 114 Paulley Drive, Winnipeg
Key Characteristics & Appeal
This bi-level home at 114 Paulley Drive in the Kildare-Redonda neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of modest scale and above-average lot size. The 720 sqft living area is compact, ranking below average for the street and city, which suggests a focus on efficiency and lower maintenance. However, this is offset by a generously sized 5,898 sqft lot, placing it in the top 10% on its street, offering valuable outdoor space and potential.
The home’s assessed value is firmly in the average range for the area, indicating a stable and realistic market position. A notable feature is the renovated basement, adding functional living space. Built in 1971, it is a newer home compared to many on the block. The lack of a garage or pool underscores its no-frills, affordable profile.
This property would suit first-time buyers seeking an entry point into homeownership, practical downsizers looking to reduce living space but keep yard space, or value-focused investors. Its true strength is the land itself—a larger-than-typical lot in a mature neighborhood—which could appeal to those with future expansion in mind or who simply prioritize private outdoor room over a large interior.
Frequently Asked Questions
1. Is the living space too small?
At 720 sqft, the living area is below the local average. However, the renovated basement provides additional functional space, making it manageable for individuals, couples, or small families who prioritize a simpler footprint and lower utility costs.
2. How does the assessed value relate to the likely selling price?
The assessed value of $30.5k is a municipal figure for tax purposes. The last known sold price range (2019) was $20.5k-$23.5k. A current market evaluation is essential, as sale prices are influenced by market conditions, property condition, and buyer demand beyond the assessment.
3. What are the implications of having no garage?
This means parking will be limited to driveway or street parking. For some buyers, this is a trade-off for a lower purchase price and property taxes. It’s important to consider vehicle storage and winter parking needs.
4. The lot is large, but what can I do with it?
The above-average lot size is a significant asset. It allows for larger gardens, recreational space, sheds for storage, or future landscaping projects. It also provides a greater sense of privacy and potential for additions, subject to local zoning bylaws.
5. How does the age of the home (1971) affect it?
Being built in 1971 makes it newer than many comparable homes in the immediate area. While this can be positive, the condition of major age-related components (like roof, windows, and foundation) should still be verified through a professional inspection, as maintenance history is key.