Property Overview: 226 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River Park South home, built in 1983, presents a solid, middle-ground option in the Winnipeg market. Its primary appeal lies in offering above-average space and value within its immediate locale. With 1,207 sqft of living area, the home is very typical for its street and slightly below the neighborhood average, but it stands out with a larger-than-average lot size (5,001 sqft), ranking in the top 10% on Paddington Road. This suggests better outdoor space potential than many direct neighbors.
The assessed value of $406k is notably above the street average, indicating perceived value and possibly recent updates or favorable attributes not detailed in the raw data. It suits practical buyers looking for a established community without extreme premiums—those who prioritize a decent-sized yard and a home that holds its own in value on the block over having the newest or largest house in the wider area. It’s a property that represents stability rather than a standout bargain or a luxury purchase, ideal for someone content with a neighborhood’s average offerings but appreciating a bit more land.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last known sale price?
The home sold in June 2019 for a price between $300k and $350k. The current assessed value of $406k is significantly higher, reflecting market changes and possibly improvements made since that sale.
2. Is the lot size a major advantage?
Yes, particularly on this street. The lot is over 1,000 sqft larger than the street average, offering more private outdoor space than most comparable homes nearby—a valuable but less obvious perk.
3. How does this home rank for its age?
Built in 1983, it is slightly newer than the Winnipeg city average but typical for the River Park South neighborhood. This suggests it likely has modern enough infrastructure while potentially having the mature landscaping of an established area.
4. What do the "around average" rankings mean for livability?
They indicate this is not an outlier. You are getting a home very representative of the community in terms of size and era, which can mean predictable maintenance costs and neighborhood character, but not necessarily unique features.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service via email to provide full transaction history and exact figures upon request.