Property Overview: 219 Paddington Road, River Park South, Winnipeg
Key Characteristics & Buyer Profile
This home presents a practical entry point into Winnipeg's River Park South neighborhood. Its key characteristic is its modest scale: at 872 sqft on a 2,598 sqft lot, it is notably smaller than most homes on its street and in the wider area. Built in 1978, it is also older than many neighboring properties. The assessed value of $307k reflects this, sitting below the local averages but aligning more closely with the city-wide benchmark. This creates a specific appeal: it offers access to a established, family-friendly neighborhood at a relatively accessible price point. The home last sold between $250k-$300k in late 2020.
The property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a desirable community. It’s a pragmatic choice for those who prioritize location and financial efficiency over square footage. A less obvious perspective is that its smaller lot and home size could mean lower utility costs and property taxes compared to neighbors, potentially offering a more affordable cost of ownership over time. It may also appeal to an investor looking for a stable, long-term rental in a high-demand area.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value and recent sale data, this home is priced below the River Park South average. You are paying less, but also getting a smaller home and lot than is typical for the area. It represents a cost-effective way to enter this neighborhood.
2. How does the living space compare to nearby homes?
At 872 sqft, the living area is below average for the street, neighborhood, and city. Similar nearby homes on Paddington Road tend to be closer to 1,000 sqft or larger. This is a compact layout.
3. What is the lot size, and what does it allow for?
The lot is 2,598 sqft, which is smaller than most on the street and in Winnipeg overall. It provides yard space but may limit extensive additions or large outdoor structures. Always verify zoning and setback requirements.
4. Can I see the exact historical sale price?
The public data shows a sale in late 2020 in the $250k-$300k range. For fully verified, exact sale figures from the MLS, you must request a manual lookup from the site via email, as industry rules prevent displaying them directly.
5. The home was built in 1978. What should I consider?
Being older than many area homes (neighborhood avg. ~1990), a thorough inspection is crucial. This can help identify the condition of major aging components like the roof, windows, and heating system, and also reveal any updates made over the years.