Property Overview: 211 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 924 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its primary appeal lies in its value proposition: with an assessed value of $299k, it sits significantly below area averages, offering a lower financial barrier to homeownership in a stable community. The home is well-suited for first-time buyers, downsizers, or investors seeking a manageable property with solid fundamentals.
While its living and land area are modest compared to newer builds in the area, this translates to lower maintenance and utility costs—a thoughtful trade-off for budget-conscious owners. The home’s age places it in a cohort of properties likely ripe for selective updates, allowing a new owner to add value over time. It’s a property for those who prioritize location and affordability over size, and who see potential in a home that is priced below its immediate peers on the same street.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Yes. The assessed value is notably below the street average of ~$365k, suggesting a potentially lower purchase price point for a home on the same road.
2. What should I consider about the home’s size?
At 924 sqft, the living space is compact. It’s smaller than most homes in River Park South, so it’s ideal for individuals, couples, or small families comfortable with efficient living spaces.
3. How does the lot size affect the property?
The lot is approximately 3,400 sqft, which is typical for the street but smaller than the neighborhood average. This means less yard maintenance but also limited space for large additions or extensive outdoor amenities.
4. The home was built in 1978. What does that imply?
As a home from the late 1970s, key systems like roofing, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is advised to budget for any necessary updates or repairs.
5. Where can I get verified sale price data for this property?
The site provides estimated sold price ranges. For fully verified transaction history and exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS.