Property Overview: 189 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,200 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg's River Park South neighborhood. Its primary appeal lies in value. With an assessed value significantly below area averages ($296k vs. a neighborhood average of $447k), it offers a lower financial barrier to entry in a well-established community. The home's living area is competitively sized for the street and city, suggesting efficient use of space.
The property suits first-time buyers, downsizers, or investors seeking a functional home with renovation potential. Its below-average lot size (2,899 sqft) means less yard maintenance—a plus for those seeking a low-maintenance lifestyle. A thoughtful perspective is that its older vintage and modest specs compared to neighbors could represent a "value hold" in an area of larger, higher-valued homes, offering stability without a premium price tag. The data indicates it's a typical home for Winnipeg broadly, but a more budget-conscious option within its specific neighborhood.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is notably below the averages for both Paddington Road and the wider River Park South area, suggesting a lower purchase price relative to nearby homes. This can indicate good value, but a professional inspection is recommended to understand the property's condition fully.
2. What does the lot size mean for me?
At just under 2,900 sqft, the lot is smaller than most in the neighborhood. This typically translates to less outdoor maintenance and lower landscaping costs, but also less private yard space for gardening or recreation.
3. How does the 1978 build year affect the home?
Homes from this era may have original components, like windows, roofing, or major systems, nearing the end of their lifespan. This should be factored into your budget, but it also presents an opportunity to update the home to your preferences.
4. Can I see the exact past sale price?
The site provides a sold price range (CA$250k–300k) from October 2021. For fully verified and exact historical transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. How does this home compare to others on the street?
It ranks around average for living space but below average for assessed value, lot size, and year built compared to other homes on Paddington Road. This positions it as a more modest, economically priced option on a street with generally larger and newer homes.