Property Overview: 259 Paddington Road, Winnipeg
Key Characteristics & Buyer Appeal
This 880 sqft bungalow, built in 1978 on a 2,603 sqft lot in River Park South, presents a clear value-oriented opportunity. Its primary appeal lies in its accessible price point, underscored by an assessed value of $275k, which is notably below averages for its street ($364.8k) and neighborhood ($447.2k). This positions the home as one of the most affordable entry points into the area.
The property suits first-time buyers, downsizers, or investors seeking a lower-cost footprint in a well-established neighborhood. Its smaller scale means lower utility costs and less maintenance, which can be a practical advantage. A thoughtful perspective is that its "below average" size and value metrics relative to the immediate area may offer a buffer against market volatility and higher property taxes, providing a stable, manageable homeownership base. The home last sold between $200k-$250k in 2019, suggesting a history of being a value-driven option.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and older age compared to nearby properties. It can be an advantage, potentially leading to relatively lower property taxes.
2. Who would this property not suit?
Buyers needing significant space, those prioritizing modern builds, or anyone expecting ample yard space. The lot size is smaller than most in River Park South.
3. How reliable are the sold price figures shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. The home ranks low for size and value on its street. Does that matter?
This highlights it as a compact, economically distinct property on a street of larger, higher-value homes. It matters if you prioritize space and equity growth from the outset, but less so if affordability in a solid location is the main goal.
5. What are the next steps to get more precise information?
To see exact sold prices and detailed transaction history, use the site's email request feature. For a full market evaluation and to view the home, contact a licensed real estate agent.