Property Overview: 214 Paddington Road, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 1979-built home in River Park South presents a practical and value-conscious opportunity. At 980 sqft, the living space is modest, ranking below the neighborhood average, but it is efficiently sized for essentials. The assessed value of $361k is notably below the River Park South average, positioning it as a more accessible entry point into this established area. A standout feature is the 5,001 sqft lot, which is larger than most on Paddington Road, offering valuable outdoor space relative to its peers.
The appeal lies in its balance of affordability within a desirable neighborhood. It suits first-time buyers or downsizers seeking a lower-maintenance property without leaving a mature community. It may also attract value-oriented investors or buyers who prioritize land size over interior square footage, seeing potential in the lot itself. A thoughtful perspective is that a home with below-average assessments for the area can offer a cushion against property tax increases and may present an opportunity for value-adding renovations over time.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last recorded sale on Paddington Road was in 2017, in the $250k-$300k range. The current assessed value of $361k is around the street average, suggesting stable market alignment since that last sale.
2. Is the smaller living area a concern?
At 980 sqft, the home is cozier than the typical River Park South house. It is best suited for individuals, couples, or small families. The trade-off is often a more manageable layout and lower utility costs.
3. What does the larger lot size mean for me?
The lot is above average for the street, providing more private outdoor space than many neighbors. This is a benefit for gardening, recreation, or future projects like a shed or expanded deck.
4. How old is this home, and what might that imply?
Built in 1979, the home is of a vintage where major components like the roof, windows, or furnace may be due for inspection or replacement. This is typical for the area and should be factored into a buyer’s budget and inspection process.
5. Where can I get verified sale price history for this property?
The provided sold price data is from public sources, not the MLS. For a complete and verified transaction history, you must request a manual lookup from the site, which they provide via email.