Property Overview: 333 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 1981 home in River Park South presents a solid, middle-of-the-road option in the Winnipeg market. With 1,192 sqft of living space and an assessed value of $380k, it consistently ranks as "around average" compared to other homes on its own street and city-wide. Its appeal lies in this very stability—it’s a predictable, no-surprises property in a mature neighbourhood. The lot size (3,498 sqft) is notably smaller than most in River Park South, which could mean less yard maintenance but also less private outdoor space.
A thoughtful perspective is that this home may offer relative value within its immediate neighbourhood. Its assessed value sits below the River Park South average, potentially providing a more affordable entry point into the area. It would suit pragmatic, first-time buyers or downsizers looking for a manageable home without extreme highs or lows in its metrics. It’s for those who prioritize neighbourhood over lot size and seek a home that aligns closely with typical market benchmarks.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $350k-$400k in May 2023, a price that placed it in the top 15% of sales on Paddington Road at the time, suggesting it was a strong performer. Exact sold prices require a manual lookup from the site.
2. Is the smaller lot size a concern?
The lot is smaller than about 93% of properties in River Park South. This translates to less yard upkeep but also limits expansion potential and private outdoor space compared to neighbours.
3. What does the "around average" ranking mean for resale?
The home’s metrics (size, value, year built) are consistently typical for its street and the city. This can be an advantage, as it likely appeals to the broadest pool of buyers, but it also means it doesn’t stand out with exceptional features.
4. How does the assessed value relate to likely market price?
The $380k assessment is very close to the city-wide average for comparable homes. In a stable market, this often aligns with expected listing prices, but a professional appraisal and market analysis are always recommended.
5. What are the implications of the 1981 build year?
Built in 1981, the home is newer than many in Winnipeg but slightly older than the average in River Park South. Buyers should budget for updates common to homes of this era, such as windows, roofing, or major systems, which may be nearing the end of their typical lifespan.