Property Overview: 222 Paddington Road, River Park South, Winnipeg
Key Characteristics & Buyer Appeal
This 1983-built home in River Park South presents a solid, middle-ground option in the Winnipeg market. With 1,256 sqft of living space, it sits above the average for its own street but aligns closely with city-wide averages, offering comfortable space without being oversized. Its primary standout feature is the 5,001 sqft lot, which ranks in the top 10% on Paddington Road, suggesting a more generous and potentially more private yard than many immediate neighbours—a valuable asset for outdoor space.
The home’s assessed value of $391k is above the street average but notably below the broader neighbourhood average, indicating it may offer good value within the more specific, desirable context of its own block. It suits practical buyers looking for a established, stable community in River Park South. The appeal lies in its balance: it’s not an outlier in size or price, but its above-average lot size and street-level value position it as a prudent choice for someone prioritizing yard space and a sense of value within a mature neighbourhood, rather than seeking a brand-new home or the largest house on the block.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $300k-$350k in May 2021. Its current assessed value of $391k is above the street average, suggesting perceived value growth. For exact, verified sale prices of comparable homes, a manual lookup through the site is required.
2. Is the lot size a significant advantage?
Yes. The lot is over 1,000 sqft larger than the street average, placing it in the top 10% on Paddington Road. This means more potential for gardening, play space, or additions compared to many neighbouring properties.
3. The home was built in 1983. What should I consider?
The build date is typical for the area. Buyers should budget for updates consistent with a home over 40 years old, such as windows, roof, or major mechanical systems, while recognizing the neighbourhood itself is well-established with mature infrastructure.
4. How does it rank within the wider River Park South neighbourhood?
In the broader neighbourhood context, this property is consistently around average for size, value, and age. Its strengths (like lot size) are more pronounced when compared directly to its immediate street, making it a strong candidate on its specific block.
5. Where can I see how this property compares visually to nearby homes?
The site offers a neighbourhood map analysis tool to view this property alongside nearby houses, comparing year built, living area, assessed value, and lot size in detail.