Property Overview
This home at 182 Paddington Road in Winnipeg's River Park South neighborhood presents a compelling mix of space, value, and location. Built in 1978, it stands out on its street for offering more house and significantly more land than many of its neighbors.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous lot size and efficient use of space. With a land area of nearly 6,000 sqft, the lot ranks in the top 2% on Paddington Road, offering substantial outdoor space that is uncommon for the street. The living area of 1,275 sqft is also comfortably above the street average, providing good interior space. The assessed value of $422k is notably higher than the street average, suggesting the municipality recognizes its above-average attributes.
This home would suit a buyer looking for a established property with room to grow, garden, or entertain outdoors without moving to a more remote area. It’s a practical choice for those who value a larger yard over having a newer home, as the 1978 build date is older than most in the immediate neighborhood. The data indicates it offers a "more house and land for your money" proposition within its specific street context, appealing to value-conscious buyers seeking space in a mature community.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The property last sold between $300k-$350k in April 2016. Its current assessed value of $422k is above the street average of ~$365k, indicating perceived growth and value. For precise, verified sale figures, a manual lookup is required.
2. Is the house considered large for the area?
The living area is above average for Paddington Road but is close to the average for Winnipeg as a whole. Its strength is the combination of decent interior space with an exceptionally large lot for the street.
3. What does the older build year (1978) mean for a buyer?
It means the home is older than most in River Park South, where the average build year is 1990. Buyers should budget for potential updates that align with a home of this age, but it may also offer more established landscaping and mature neighborhood character.
4. How is the lot size so significant?
The lot is approximately 50% larger than the average lot on Paddington Road. This is a standout feature, offering rare potential for expansion, gardening, or private outdoor space in this location.
5. Where can I see how this property compares visually to its neighbors?
A dedicated neighbourhood analysis map is available, allowing you to view this property alongside nearby homes to compare year built, living area, assessed value, and lot size in detail.