Property Overview
140 Paulley Drive is a 720 sqft bi-level home built in 1971, situated on a 3,539 sqft lot in Winnipeg's Kildare-Redonda neighbourhood. Its key feature is a renovated basement, and it does not include a garage or pool. The home's assessed value is $24,900, and it last sold in July 2022 for an estimated $22,500–$25,500.
Key Characteristics & Appeal
This home presents as a compact, no-frills property with a practical layout. Its primary appeal lies in its lower financial barrier to entry, underscored by an assessed value and recent sale price significantly below city-wide averages. The renovated basement adds functional living space, which is a notable advantage given the home's smaller-than-average main floor area. While the lot size is modest for the city, it is more in line with the immediate street and area, suggesting a lower-maintenance yard.
It would suit first-time buyers, investors, or downsizers seeking an affordable foothold in the Winnipeg market. The property offers a chance for equity building with less upfront capital, potentially appealing to those comfortable with a home that is functionally sufficient rather than expansive. A thoughtful perspective is that its "below average" size and value metrics within its broader context could translate to lower property taxes and utility costs, aligning with a pragmatic, cost-conscious lifestyle.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, older age, and lack of certain features (like a garage) compared to the broader Winnipeg market. It is more aligned with values in the immediate Kildare-Redonda area.
3. Is there potential to add a garage or expand the home?
The lot size is below the city average, which may limit expansion possibilities. Any significant addition or the construction of a garage would require checking with the city for zoning bylaws, setback requirements, and available space.
4. How does the lack of a garage affect parking?
The property has no garage. Buyers should assess on-street parking availability on Paulley Drive and consider the practicality of driveway parking or potential shed storage for a compact lot.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request this information by emailing the listing service; they provide this data manually without using your email for unsolicited marketing.