Property Overview: 116 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-sized family option in the established River Park South neighborhood. Built in 1983, its 1,343 sqft living area is notably above average for Paddington Road itself, offering more interior space than many direct neighbors. The assessed value of $390k is consistent with city-wide averages and is moderately above the street average, suggesting a perception of good value relative to its immediate surroundings.
The primary appeal lies in its efficient use of space on a smaller lot. While the land area is below average for the street, neighborhood, and city, this often translates to less yard maintenance—a practical advantage for busy professionals or those seeking a low-maintenance lifestyle. The home’s metrics indicate it’s a well-proportioned property for its context, not an outlier, which can mean predictable costs and community fit.
It would suit first-time homebuyers or downsizers looking for a move-in ready, no-surprises home in a mature suburb. It also appeals to value-conscious buyers who prioritize interior square footage over a large yard. The data suggests it’s a “middle-of-the-road” property in many respects, which can be a strategic purchase in a stable area, avoiding the premium for the newest or largest homes on the block.
Frequently Asked Questions
1. How does the lot size impact this property?
The lot is smaller than most in River Park South. This means lower maintenance, but also less private outdoor space. It’s a trade-off that prioritizes the home’s interior space over yard size.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($390k) is a municipal tool for calculating taxes, not a market appraisal. However, it aligns closely with the city-wide average for similar homes, providing a reasonable benchmark. The last known sale was between $300k-$350k in 2017.
3. What does the "above average" living area for the street mean practically?
Compared to other homes on Paddington Road, you are getting more interior space for your money. This could mean extra bedrooms, larger common areas, or better layout efficiency than neighboring houses.
4. How can I find out the exact historical sale prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sale history via email from the site’s team for verified data.
5. The home was built in 1983. What should I consider?
Homes from this era are past their 40-year mark. While established, this warrants a close look at major systems (roof, windows, furnace, plumbing) during an inspection to understand their remaining lifespan and potential near-term replacement costs.