Property Overview: 198 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1978-built home in River Park South presents a solid, value-oriented proposition. Its key strength is its above-average footprint relative to its immediate street, offering 1,305 sqft of living space on a generous 5,001 sqft lot—both metrics rank in the top quarter of homes on Paddington Road. With an assessed value of $415k, it sits above the street average but remains below the broader neighborhood average, suggesting a potentially favorable position for the lot and living space offered.
The appeal lies in its established community context and practical scale. It suits buyers looking for a home with room to grow or garden in a mature neighborhood, without the premium often attached to newer builds in the area. It’s a pragmatic choice for those who prioritize interior and land space over a more recent build date, and for value-conscious buyers who see potential in a well-located property from the late 1970s. A thoughtful perspective is that this home represents the character of its specific street more than the wider, generally newer neighborhood, offering a slightly larger and more private setting than many of its direct neighbors.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last recorded sale for this property was between $300k-$350k in mid-2017. Its current assessed value of $415k is above the street average, indicating perceived growth. For exact, verified sale figures, a manual lookup is required.
2. Is the 1978 build year a concern?
The home is older than most in River Park South, where the average build year is 1990. This typically means maintenance and systems (like roof, windows, HVAC) may be nearer to or due for updates, which should be factored into budgeting. However, it is around the city-wide average age.
3. What does the "above average" lot size mean practically?
With a lot size ranking in the top 10% on its street, this property offers more outdoor space than most nearby homes. This allows for greater privacy, larger gardens, or expansion potential compared to the typical lot on Paddington Road.
4. Are the property taxes likely to be high?
The assessed value is above average for the street but below the neighborhood average. Property taxes would be calculated based on this assessment and the city’s mill rate, likely falling in a mid-range for the area.
5. How can I get precise historical price data for this home?
The publicly available data shows price ranges. To obtain the exact sale history and figures, you must request a manual lookup via email, as this site does not display proprietary MLS transaction records.