Property Overview: 534 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1985-built home on Paddington Road presents a solid, mid-sized option in the established River Park South neighborhood. With 1,084 sqft of living space, it sits comfortably around the average for its street and the wider city, but is notably more compact than many homes in its immediate neighborhood. The assessed value of $406k is strong for the street, ranking in the top 20%, indicating it is viewed favorably compared to its closest peers.
The appeal here is one of balance and efficiency. The lot size is modest, especially compared to neighborhood and city averages, which translates to less yard maintenance—a potential plus for downsizers or those seeking a simpler lifestyle. Its construction year is above average city-wide, suggesting a relatively newer build within Winnipeg's housing stock. This property doesn't lead on sheer size, but offers a well-positioned, manageable home on a street where it holds its value well. It would suit first-time buyers looking for an entry point into a stable area, or practical-minded owners seeking a low-maintenance property without compromising on location or perceived value.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,084 sqft, the living area is very close to the average for Paddington Road itself. However, it is below the average for the broader River Park South neighborhood, where homes tend to be larger. This makes it a more efficient, potentially easier-to-maintain option on the street.
2. Is the assessed value of $406k reasonable for the area?
The assessment is above the street average, ranking in the top 20% on Paddington Road. This suggests the property has characteristics or conditions that are assessed more highly than many of its immediate neighbors, while being closer to the average for the neighborhood and city.
3. What does the lot size mean for me?
The lot is 4,073 sqft, which is average for the street but below average for the neighborhood and city. This typically means a smaller yard, which requires less maintenance but also offers less private outdoor space.
4. The home sold in 2020. Can I find out the exact price?
The provided data shows a sold price range of CA$350k–400k. To obtain the exact sale price and full transaction history, you must request a manual lookup from the site via email, as they do not display MLS records directly.
5. What are the less obvious considerations with a property like this?
Given its above-average assessed value on a street of similar-aged homes, it would be prudent to understand what specific features or updates contribute to that valuation. Additionally, the modest lot size could be a long-term advantage for lower upkeep costs, but it's worth considering if the outdoor space meets your needs, especially compared to the larger lots commonly found in the rest of River Park South.