Property Overview
70 Paulley Drive is a two-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1971. With 960 sqft of living space and a renovated basement, it sits on a 3,539 sqft lot. The home lacks a garage or pool. Its key appeal lies in its relative size and modernity within its immediate area. While its living space is above average for Paulley Drive, its assessed value is notably below average for both the street and the wider neighbourhood, suggesting it may present a value opportunity. It last sold in August 2021 for an estimated $235,000–$265,000.
Key Characteristics & Ideal Buyer
This home stands out on its street for being slightly larger and newer than many of its direct neighbours. Its renovated basement adds functional living space. The appeal is primarily one of value: you get a home that ranks well in size within a very localized context, but at an assessed value that sits in the bottom quarter for the Kildare-Redonda area. This could indicate a more affordable entry point into the neighbourhood or a property with untapped equity potential.
It would suit a first-time buyer or practical downsizer looking for a manageable, updated footprint without a large yard to maintain. A value-focused investor might also see potential, given the below-average assessment in an otherwise average neighbourhood setting. It’s less suited for those requiring ample parking, a garage, or extensive outdoor space.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it might be. Its assessed value is significantly below the neighbourhood average, while the home itself is not the smallest or oldest on its block. This discrepancy can sometimes indicate a value opportunity.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full living condition.
3. How does the lack of a garage affect parking?
The property has no garage. Buyers should investigate on-street parking regulations, visitor parking, and the typical parking availability on Paulley Drive to assess convenience.
4. The home sold recently in 2021. Why is it back on the market?
The relatively quick turnaround since the last sale is a point for due diligence. It’s wise to ask the seller or their agent about the reason for the sale to understand the context.
5. How do the property taxes compare?
With an assessed value of $24,300, the municipal property taxes are likely to be lower than for a home assessed at the neighbourhood average. Requesting current tax information will provide a clear picture of this ongoing cost.