Property Overview: 603 Paddington Road, Winnipeg
Key Characteristics & Buyer Appeal
This 1985-built home in River Park South presents a practical opportunity in a mature neighborhood. At 866 sqft, the living space is notably compact compared to area averages, suggesting a efficient, manageable layout. Its primary appeal lies in its value proposition: with an assessed value of $377k, it sits below the neighborhood average, offering a more accessible price point within the community. The lot size of 4,757 sqft is a standout feature for the street, providing above-average outdoor space relative to immediate neighbors—a valuable asset for gardening, play, or future expansion.
The home would suit first-time buyers seeking entry into a stable area without a premium price tag, or downsizers looking for a low-maintenance property with a generous yard. It’s a property where the value is grounded in the land and location more than the size of the dwelling, appealing to those who prioritize outdoor space over interior square footage. A thoughtful perspective is that its smaller size and older, but not historic, construction year could mean lower utility costs and a simpler renovation canvas compared to larger, more complex homes.
Frequently Asked Questions
1. Is the living area too small?
At 866 sqft, the home is significantly smaller than the neighborhood average. It suits efficient living and may feel cramped for a growing family, but it is manageable for individuals, couples, or those looking to downsize.
2. How does the assessed value compare?
The $377k assessment is around the city-wide average but below the River Park South neighborhood average. This suggests you may be paying less for the location than you would for many other homes in the area.
3. What is the lot size advantage?
The 4,757 sqft lot is larger than most on Paddington Road. This provides more private outdoor space than typical for the street, which is a key perk for this property.
4. When was it last sold and for how much?
Records show it sold between September 2021 for a price in the CA$300k–350k range. For verified, exact historical sale figures, you must request a manual lookup from the site via email.
5. Are the sold prices shown from the MLS?
No. The sold price data here is from public online sources, not the MLS. The site does not display MLS records due to association rules. For fully verified transaction history, you need to contact them directly for a manual search.