Property Overview: 175 Paulley Drive, Winnipeg
Key Characteristics & Buyer Appeal
This 800 sqft, one-storey home on a 2,699 sqft lot presents a specific and practical value proposition. Built in 1972, it is notably newer than most homes on its street and in the wider Kildare-Redonda area, suggesting potentially fewer issues with aging infrastructure. The home features a renovated basement, adding functional living space.
Its primary appeal lies in its affordability and efficiency. With a living area and assessed value consistently below area averages, it represents a lower barrier to entry into the Winnipeg market. This isn't a sprawling property; the lot size is compact, ranking near the bottom locally, which translates to minimal exterior maintenance—a key point for those seeking a simplified lifestyle. The home suits first-time buyers, downsizers looking to reduce upkeep, or practical investors seeking a straightforward rental property. It offers the chance to own a standalone, updated home in an established neighborhood without the premium price tag of larger lots or square footage.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's smaller size, compact lot, and the specific market values of the Kildare-Redonda area. It is in line with, though slightly below, the averages for its immediate vicinity.
3. What are the implications of having a very small lot?
The small lot (2,699 sqft) means minimal yard work and lower property tax implications related to land value. However, it also limits potential for expansions, additions, or extensive outdoor living spaces.
4. The home sold in 2016 for between $19.5k and $22.5k. Why is that price so low?
This historical sale price is dramatically lower than typical home prices and may represent an unusual circumstance, such as a nominal transfer between parties, a sale of partial interest, or a data anomaly. It should not be used as a benchmark for current market value.
5. There's no garage. Is there dedicated parking?
The listing specifies no garage. Buyers should inquire about on-site parking options, such as a driveway or designated pad, and review any street parking regulations.