Property Overview: 11 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1984, presents a straightforward opportunity in Winnipeg’s River Park South neighborhood. Its primary appeal lies in its relative value and established location. The home’s assessed value of $368k is notably below the neighborhood average, positioning it as a more accessible entry point into the area. While the living space is average for the street, the lot size is smaller than most in the wider community, which may translate to less yard maintenance.
The property suits first-time buyers or downsizers seeking a practical, no-frills home in a mature suburb. Its above-average ranking for year built city-wide suggests a potentially younger infrastructure than many Winnipeg homes. A thoughtful perspective is that its "around average" metrics across the board indicate a stable, predictable property unlikely to surprise in terms of valuation, making it a sensible, grounded choice rather than a standout investment. The close proximity to nearly identical neighboring homes on Paddington Road offers a consistent streetscape and a clear benchmark for comparison.
Section 2: Frequently Asked Questions
1. How does the value compare to recent sales?
This home sold between $300k-$350k in late 2019. Its current assessed value of $368k is around average for its street but below the broader neighborhood average, suggesting it may be valued competitively within its immediate area.
2. Is the living space smaller than typical?
At 1,120 sqft, it is very close to the average for Paddington Road itself. It is, however, smaller than the average home in both River Park South and Winnipeg overall, indicating a more compact floor plan.
3. What does the lot size mean for me?
The 3,705 sqft lot is average for the street but below average for the neighborhood and city. This typically means a smaller backyard, which can be easier to maintain but may limit expansion or outdoor recreation space.
4. How does the year built affect the home?
Built in 1984, it is newer than many Winnipeg homes and slightly newer than the average on its street. Buyers should still budget for updates common to homes of this era, but major systems may be younger than in older city properties.
5. Where can I get verified sale price history?
The provided sold price is from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here.