555 Paddington Road

Property Summary: 555 Paddington Road, Winnipeg

Key Characteristics & Appeal

This 1985-built home in River Park South presents a balanced, practical offering. At 1,084 sqft, its living space is typical for its street but modest for the wider neighborhood, suggesting a manageable layout. Its primary appeal lies in its strong value positioning: with an assessed value of $392k, it sits above the street average and aligns closely with the city average, indicating a solid investment for the area. The lot size of 4,397 sqft is generous compared to others on Paddington Road, offering above-average outdoor space for the immediate locale.

The home suits first-time buyers or downsizers seeking an established, no-surprises property in a stable community. It’s a sensible choice for those prioritizing lot size over interior square footage within a specific budget. A thoughtful perspective is that its "around average" metrics across many city-wide categories suggest a low-risk, predictable market entry point, avoiding the premium for top-tier stats or the compromises of the lowest tier. Its appeal is grounded in practicality and value consistency rather than standout luxury.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, the last known sale was between 2020-2021 in the $250k-$300k range. The current assessed value of $392k is above the street average, suggesting perceived value growth. For verified, exact sale histories, a manual lookup is required.

2. Is the living space considered small for the area?
Yes, at 1,084 sqft, it is below the River Park South neighborhood average. However, it is very close to the average for homes on Paddington Road itself, meaning it fits the scale of its immediate surroundings.

3. What does the lot size ranking mean for outdoor space?
The lot is larger than many on its street (ranking in the top 38%), but below the neighborhood average. This means you likely have a more private yard than your direct neighbors, though it may not be as large as some lots in other parts of River Park South.

4. The home was built in 1985. What should I consider?
Its build year is newer than most in Winnipeg (top 29% city-wide) and typical for its street. This generally suggests potentially newer infrastructure (like plumbing and electrical) than many city homes, but a professional inspection for components like the roof, windows, and major systems is always recommended.

5. How current and accurate is the price and sale data provided?
Assessed values are official figures used for taxation. Sold price data is compiled from public sources, not the MLS, and is presented in ranges for non-members. For fully verified, exact transaction figures, you must request a manual lookup from the site.