194 Paddington Road

Property Overview: 194 Paddington Road, Winnipeg

Key Characteristics & Buyer Appeal

This 1978 home in River Park South presents a balanced profile for a specific buyer. At 1,059 sqft, its living space is typical for its street but modest compared to newer homes in the wider neighborhood. Its primary standout feature is the 5,001 sqft lot, which is notably larger than most on Paddington Road, offering above-average outdoor space. With an assessed value of $397k, it sits above the street average, suggesting the property is viewed favorably relative to its immediate peers.

The appeal lies in this balance: a manageable-sized home on a generous lot in an established area. It suits a practical buyer—perhaps a first-time homeowner or downsizer—who values a larger yard for gardening, pets, or private outdoor space more than a large interior. A thoughtful perspective is that while the home is older than many in River Park South, its assessed value strength on its own street indicates it may have been well-maintained or updated compared to direct neighbors. It’s a property for someone comfortable with a home from the late 70s, who sees potential in the land and location rather than seeking a modern, turn-key interior.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
The living area is about average for Paddington Road itself but is below the average for the broader River Park South neighborhood, which has many newer and larger homes.

2. Is the assessed value high for the area?
The assessed value is above the average for the street, but sits around the average for both the neighborhood and the city. This suggests you are paying a premium relative to the immediate street, possibly for the larger lot or the home’s condition.

3. What is the significance of the lot size?
The lot is a key feature, ranking in the top 10% on Paddington Road for size. This is a considerable advantage if you value outdoor space, as lots of this size are less common on this street.

4. The home was built in 1978. Is that a concern?
It is older than most homes on the street and in River Park South. This typically means closer attention is needed during inspection for aging components like roof, windows, and major systems, but it also places the home around the citywide average for age.

5. Where can I find verified past sale prices?
The site provides estimated sold price ranges from public data. For exact, verified transaction history, you must request a manual lookup via email, as MLS data is not displayed due to industry rules.