207 Paddington Road

Property Overview: 207 Paddington Road, Winnipeg

Section 1: Key Characteristics & Buyer Profile

This home at 207 Paddington Road in River Park South is a practical, entry-level property built in 1978. Its key characteristic is its compact size, with 872 sqft of living space, which is notably below average for both the street and the wider neighborhood. The assessed value of $322k is comfortably below the neighborhood average, positioning it as one of the more affordable options in River Park South.

The appeal lies in its value proposition. It offers a foothold in a well-established neighborhood at a relatively accessible price point. The lot size, while smaller than many in the area, is manageable and typical for the immediate street. This is not a sprawling property, but a straightforward one that prioritizes function and location over square footage.

This home would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance property. It’s for those who value the stability and amenities of a mature neighborhood like River Park South over having a large or recently built home. A thoughtful perspective is that its "below-average" metrics compared to the neighborhood could represent an opportunity for a buyer comfortable with a cozier layout, allowing budget to be allocated elsewhere, such as updates or savings.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 872 sqft, the home is compact. It ranks below average for the street, neighborhood, and city. This suits efficient living or smaller households but may feel cramped for those needing multiple dedicated rooms or ample storage.

2. How does its value compare?
With an assessed value of $322k, it sits around the average for its street but is significantly below the River Park South neighborhood average of ~$447k. This suggests it’s priced more accessibly within a generally higher-value area.

3. What is the history of sold prices?
Public data shows it sold between $350k-$400k in August 2022 (placing it in the top 27% for the street at that time) and between $250k-$300k in May 2019. Exact figures require a manual request through the site.

4. How does the lot size impact the property?
The 3,098 sqft lot is around average for Paddington Road but below the neighborhood standard. This means smaller outdoor maintenance, but also less private space compared to many nearby homes.

5. Are there similar homes nearby for comparison?
Yes. Nearby listings like 199 and 225 Paddington Road are very similar in age, size, and value. Others on the same street or nearby drives, like 166 Paddington Road or 11 Upton Place, are slightly larger and newer with correspondingly higher assessed values.