Property Summary: 522 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 1985-built home in River Park South presents a solid, middle-of-the-market opportunity. With 1,307 sqft of living space, it sits above the average for its own street and close to the citywide average, offering comfortable space without being oversized. Its assessed value of $392k follows a similar pattern: it's above average for Paddington Road but sits slightly below the broader neighborhood average, suggesting a potentially favorable position on a well-regarded street.
The appeal here is one of balance and relative value within its immediate context. It suits practical buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a well-located, established home in a mature neighborhood over a brand-new build or an extra-large lot. A thoughtful perspective is that while the lot size is smaller than many in River Park South, this can translate to lower maintenance costs and less yard work, which is a plus for many modern buyers. The home's consistent ranking above street-level averages indicates it's a stronger performer on its own block, which can be a more meaningful daily reality than wider area comparisons.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last sale on Paddington Road in this price range occurred in late 2021, between $350k and $400k. The home’s current assessed value of $392k is above the street average, indicating it is considered a higher-value property on this specific block.
2. Is the lot size a disadvantage?
The land area of 4,073 sqft is below the neighborhood average. This means less private outdoor space than some nearby homes. However, it is very close to the average for Paddington Road itself, so it is typical for the immediate streetscape and may require less upkeep.
3. What does the "Above Average" ranking for year built mean?
Built in 1985, this home is newer than many across Winnipeg (ranking in the top 29% citywide) and is typical for its street and area. This suggests major components may be of a similar, potentially newer vintage than in older city neighborhoods, but buyers should still expect updates common for a 40-year-old home.
4. How reliable is the sold price data provided?
The sold price data is compiled from publicly available sources, not the MLS. The figures have had limited verification. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email.
5. Who might this property not suit?
Buyers seeking a very large yard or a home significantly larger than neighborhood averages may find this property limiting. Its profile is that of a comfortable, standard-sized home in an established area, rather than a standout in terms of size or land.