Property Overview: 225 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 880 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its key characteristic is value: with an assessed value of $295k, it sits notably below area averages for both price and living space. This positions it not as a premium property, but as a functional home with immediate appeal for specific buyers.
The appeal lies in its affordability within a established, family-oriented community. It suits first-time homebuyers, downsizers, or investors seeking a lower-cost holding with rental potential. The modest lot size (2,597 sqft) translates to less maintenance, which can be a benefit for those seeking simplicity. A thoughtful perspective is that its older construction date (1978) is actually closer to the city-wide average than the newer neighborhood norm, potentially indicating well-understood construction methods and materials common for its era. While it ranks below average in most metrics for its immediate street and area, this is precisely what creates its accessible price point—offering a trade-off of space for location and a manageable financial footprint.
Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed values, this home is priced significantly below the neighborhood average, suggesting a lower entry cost for River Park South. However, the living area and lot size are also correspondingly smaller than typical for the area.
2. What type of buyer is this home best suited for?
It is well-suited for first-time buyers prioritizing location within a budget, empty-nesters looking to downsize, or investors considering a long-term rental property in a stable neighborhood.
3. How does the year built (1978) compare?
The home is older than most in River Park South, where the average build year is around 1990. However, it is slightly newer than the Winnipeg city-wide average for comparable homes. This may mean systems and components are at an age where updates or inspections are prudent.
4. Can I get the exact sale history for this property?
The public data provided does not show a detailed transaction history. The site offers a manual lookup service where you can request exact sold price figures and history via email from their team.
5. How does it compare to nearby homes on Paddington Road?
Compared to other homes on its own street, it has a below-average living area, assessed value, and lot size. This is reflected in comparable listings like 199 Paddington Road (similar size and value) and 166 Paddington Road (slightly larger and higher-valued).