Property Overview
This home at 3 Paddington Road in Winnipeg's River Park South neighborhood presents a solid, middle-of-the-road offering. Built in 1984, it sits on a slightly larger-than-average lot for its street. The house itself, at 1,090 sqft, is typical for the area, and its assessed value of $355k is generally in line with city-wide averages but notably below the average for River Park South. This creates an interesting dynamic of being a standard home on its block while representing a more accessible price point within the broader, more expensive neighborhood.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance and established setting. It’s not an outlier in size or value, which can be reassuring for buyers seeking a stable, predictable community. The lot size (4,454 sqft) is above the street average, offering a bit more outdoor space than some immediate neighbors. A thoughtful perspective is that its "around average" metrics across the board suggest lower risk of overpaying relative to its immediate surroundings, while its below-average valuation for River Park South could indicate a value opportunity to enter a desirable neighborhood.
It would suit pragmatic first-time buyers or downsizers who prioritize a manageable size, a established neighborhood character, and a sensible financial footprint over standout luxury or extensive renovation projects. It’s a home for someone comfortable with a property that reflects the local norm.
Frequently Asked Questions
1. Is this house a good value for the River Park South area?
Based on assessed values, this home is priced below the neighborhood average, potentially offering a more affordable entry point into the area compared to many surrounding properties.
2. How does the living space compare to nearby homes?
At 1,090 sqft, the living area is very close to the average for Paddington Road itself and is typical for a home of this era in Winnipeg, though slightly smaller than the current neighborhood average.
3. What is the history of sold prices for this property?
Public records indicate it last sold between $300k-$350k in August 2016. For fully verified and exact historical transaction figures, a manual lookup through the site is required.
4. Is the lot a good size?
Yes. The lot is over 4,450 sqft, which is larger than the average lot on Paddington Road, providing more yard space than many direct neighbors.
5. How does the year built affect this home?
Built in 1984, it is newer than many Winnipeg homes and slightly newer than the average on its street. Buyers should be prepared for maintenance and updates consistent with a home approaching 40 years old.