Property Summary: 118 Paulley Drive, Winnipeg
Key Characteristics & Appeal
This bi-level home at 118 Paulley Drive presents a practical and value-conscious opportunity in Winnipeg's Kildare-Redonda neighbourhood. Its key appeal lies in a balance of modest living space with a generous, above-average lot size. The 720 sqft home sits on a nearly 5,900 sqft property, offering more outdoor space than most homes on the street and in the immediate area. The basement has been renovated, adding functional living area. Built in 1971, it is newer than many comparable homes nearby.
The property’s assessed value is consistently around the average for its local context, suggesting a stable, no-surprises valuation. Its most recent recorded sale was in late 2017. This home would suit first-time buyers, downsizers, or investors looking for a manageable footprint with the bonus of a larger yard for gardening, pets, or future expansion. Its below-average living area makes it efficient and affordable to maintain, while the lot provides a less obvious but valuable asset: room to breathe and potential that isn't always available with homes in this price range.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 720 sqft, the living area is below the average for Paulley Drive, the Kildare-Redonda area, and Winnipeg citywide. This indicates a more compact, efficient home layout.
2. What is the significance of the lot size?
The land area of 5,898 sqft is a standout feature. It ranks in the top 10% on Paulley Drive and top 17% in the neighbourhood, meaning the lot is significantly larger than many comparable properties, offering more private outdoor space.
3. Is the assessed value high or low for the area?
The assessed value of $30,800 is around the average for the street, neighbourhood, and city when compared to similar homes. This suggests the property is valued in line with market norms for its type.
4. When was it last sold, and for how much?
The home was last sold in October 2017. The exact sale price is not publicly listed, but available data indicates a range between approximately $23,500 and $26,500 at that time.
5. What are the home's key features?
The home is a bi-level with a renovated basement. It does not have a garage or a pool. The combination of a recently renovated basement and a very large lot relative to its peer group are its primary physical features.