Property Overview: 120 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home at 120 Paddington Road is a modest, single-level property built in 1983, offering 844 square feet of living space on a 2,885 sqft lot. Its key characteristic is its efficiency and relative affordability within the established River Park South neighborhood. The appeal lies in its position as a competitively priced entry point into a desirable area, with an assessed value ($335k) notably below the neighborhood average. The home is smaller than most in the area, which translates to lower utility costs and less maintenance, but also means space is at a premium.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors seeking a lower-maintenance footprint in a mature community. It’s for a buyer who prioritizes location and financial accessibility over size, and who is comfortable with a home that may require updates common for its age. A thoughtful perspective is that its smaller scale and lot size offer an opportunity for a simpler, more manageable lifestyle without sacrificing the benefits of a well-regarded neighborhood.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
This home’s living area (844 sqft) is below average for its street, neighborhood, and city-wide comparisons. It represents a more compact option in the area.
2. Is the assessed value in line with the local market?
The assessed value of $335k is around the average for the street and city-wide, but it sits below the average for the broader River Park South neighborhood, suggesting it may offer relative value within that specific area.
3. What is the history of sold prices for this property?
Public records indicate it last sold between $250,000 and $300,000 in January 2018. For fully verified and exact historical transaction figures, a manual lookup can be requested.
4. How does the lot size impact the property?
The lot is 2,885 sqft, which is smaller than most in the neighborhood and city. This means less yard maintenance but also less private outdoor space compared to many neighboring homes.
5. What might be a less obvious consideration for this property?
Given its smaller interior size and below-average lot size, the functional layout and potential for outdoor living or storage are particularly important to evaluate. Its value is closely tied to the interior condition and efficient use of space, more so than a larger property where square footage can compensate.