Property Overview: 112 Paddington Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,346 sqft home, built in 1983, presents a practical and competitively positioned option in the River Park South neighborhood. Its primary appeal lies in its efficient use of space and value relative to its immediate surroundings. While the living area is notably above average for Paddington Road itself, the property sits on a smaller, below-average lot for the area. The assessed value of $365k is very typical for the street but is considered below average for the wider neighborhood, suggesting you may get more house for your money here compared to other parts of River Park South.
This home would suit first-time buyers or downsizers looking for a manageable, single-family footprint in a stable, established community. It’s a sensible choice for those who prioritize interior space over a large yard and who see value in a home that is priced accessibly within its own neighborhood context. A less obvious perspective is that the smaller lot could mean lower maintenance costs and less time spent on yard work, which for some buyers is a feature, not a drawback.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is almost exactly the street average but is notably below the neighborhood average. This indicates it may offer a more accessible entry point into River Park South compared to many surrounding properties.
2. Is the living space larger or smaller than typical?
At 1,346 sqft, the living area is larger than most homes on Paddington Road. It is very close to the Winnipeg citywide average, offering a mid-sized layout that fits common needs.
3. What should I know about the lot size?
The lot is under 3,000 sqft, which is smaller than most on the street and significantly smaller than the average lot in both River Park South and Winnipeg overall. This means a more compact yard.
4. What is the home’s history of sale prices?
Public records show it sold in 2020 for an estimated $350k-$400k and in 2016 for an estimated $250k-$300k. Exact sale prices require a manual lookup from the provider.
5. How does the age of the home compare?
Built in 1983, it is slightly older than the average home on its street and in River Park South, but newer than the average Winnipeg home. Buyers should expect features and systems typical of early-1980s construction.