Property Overview: 235 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 primary appeal lies in its value proposition: with an assessed value notably below the area average, it offers a lower financial barrier to homeownership in a well-established community. The home suits first-time buyers, downsizers, or investors seeking a manageable property with solid fundamentals. While its living space and lot size are compact compared to neighbors, this translates to less maintenance and lower utility costs—a thoughtful trade-off for those prioritizing efficiency and simplicity. Its city-wide assessed value ranking is around average, suggesting it’s priced appropriately within the broader Winnipeg market, even while being a more modest offering in its immediate area.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 880 sqft, the living area is below the average for both the street (1,128 sqft) and the wider River Park South neighborhood (1,410 sqft). This indicates a cozier, more efficient layout.
2. How does the assessed value compare?
The assessed value is below the street and neighborhood averages, but aligns more closely with the city-wide average for Winnipeg. This suggests you are paying a premium for the location, but a reduced one relative to larger homes nearby.
3. What is the lot size?
The land area is 2,596 sqft, which is smaller than most properties on Paddington Road and in River Park South. This means a more manageable yard with less outdoor upkeep.
4. When did it last sell and for approximately how much?
Public records indicate a sale between June 2019, with a price in the CA$250,000–$300,000 range. Exact figures require a manual lookup.
5. Are there similar homes nearby for comparison?
Yes. The listing references several nearby properties on Paddington Road and surrounding streets with similar year-built and square footage, though many have higher assessed values, underscoring this property’s relative affordability.