Property Overview: 353 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 353 Paddington Road is a compact, efficiently sized property built in 1981. Its key characteristic is its modest scale: at 836 sqft, the living area is notably smaller than most homes in the immediate neighborhood and across Winnipeg. The lot size of 3,498 sqft is also more compact than area averages. However, its assessed value of $347k is relatively aligned with the street average and sits below the broader neighborhood average, suggesting a potentially more accessible entry point into the River Park South area.
The appeal lies in this value proposition. It suits first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a established, family-oriented neighborhood. It represents an opportunity to secure a location in a desirable area where the cost per square foot for land and location may be more favorable than for larger homes on the street. The home’s age is typical for the street, indicating consistency with the area’s development period. A thoughtful perspective is that a smaller, well-maintained home on a modest lot can offer financial efficiency—lower utility costs, property taxes, and upkeep—freeing resources for renovations, travel, or investment.
Section 2: Frequently Asked Questions
1. Is this the smallest house on the street?
While not the absolute smallest, it is significantly below the street average of 1,128 sqft, ranking in the top 3% for compact size (248th out of 256 homes).
2. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in 2016. Its current assessed value of $347k is around the street average ($364.8k) but below the River Park South neighborhood average of $447.2k.
3. What does the lot size mean for outdoor space?
At 3,498 sqft, the lot is about average for Paddington Road but smaller than many in the wider neighborhood. It’s suitable for a manageable yard with space for gardening or recreation, but not for extensive additions.
4. Is the property’s value driven more by the house or the land?
Given its smaller living area relative to the neighborhood, a greater portion of the value is likely attributed to the land and the location within River Park South, compared to larger homes where the structure contributes more.
5. Where can I get verified historical sale data?
The site provides estimated sold price ranges. For fully verified transaction history and exact figures, you must request a manual lookup via email, as MLS data is not displayed here due to industry rules.