Property Overview: 688 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 688 Paddington Road presents a compelling opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its strong, above-average metrics in a well-established area. Built in 2006, the property is notably newer than most comparable homes on its street and across the city, suggesting modern construction and potentially lower near-term maintenance costs.
The 1,662 sqft living area is a significant standout, ranking in the top 7% on Paddington Road itself and offering more space than the average home in the neighborhood and city. This is paired with an assessed value of $490k, which also ranks highly, indicating a perception of quality and desirability that outpaces many direct comparisons. While the lot size is more typical for the street, it is smaller than the neighborhood average—a trade-off for a larger, newer home on a mature street.
This property would ideally suit buyers seeking a move-in ready, spacious family home in a settled community without the premium of a brand-new build. It appeals to those who value data-backed performance, as the home consistently ranks above local and city averages for size, value, and age. It’s a practical choice for someone looking for a home that has already demonstrated solid market standing relative to its peers.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is slightly above average for Paddington Road, it is below the broader neighborhood average. This typically means a lower-maintenance yard but may be a consideration for buyers prioritizing extensive outdoor space.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is a useful benchmark. The home's last sold price (2022) was between $500k-$550k, and its assessed value ranks highly among peers, suggesting strong market value. However, current market conditions will ultimately determine the price.
3. What does the "Above Average" ranking for the year built mean for me?
Built in 2006, this home is newer than about 93% of homes on its street. This often translates to modern building standards, more contemporary layouts, and major systems (like roof, HVAC) that are further from the end of their typical lifespans compared to older stock.
4. The home sold recently in 2022. Why might it be back on the market?
The provided data does not indicate if the home is currently for sale. This summary is based on its historical sale and assessment profile. A short ownership period could relate to many personal circumstances and does not inherently reflect on the property.
5. How can I get the exact historical sale price?
The public data shown provides a price range. Due to industry regulations, exact sale prices are not published online here. You can request the precise figures via email from the site provider, who will manually retrieve and send the information.