Property Overview: 442 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,216 sqft home, built in 1979, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its value positioning. The home's assessed value is notably below averages for its street, neighborhood, and the wider city, suggesting a potentially accessible entry point into the area. While the living space is competitive for the street, the lot size is compact, which translates to lower maintenance but less private outdoor space.
The property suits first-time buyers or downsizers seeking a cost-effective foothold in a stable community without the upkeep of a larger yard. Its recent sale history indicates steady market interest. A thoughtful perspective for buyers is to consider the trade-off: the below-average cost comes with a home that is older than most in the immediate area and sits on one of the smaller lots, which may influence future appreciation compared to larger properties nearby.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
The data indicates it is. The home’s assessed value ranks in the bottom 10% for the River Park South neighborhood and is significantly below the street average, meaning you may get more house for your money here than with neighboring properties.
2. How does the lot size impact the property?
The land area is considerably smaller than typical lots on the street and in Winnipeg. This means less exterior maintenance and lower property taxes, but also limited potential for expansions like large decks, additions, or extensive landscaping.
3. The home was built in 1979. Is that a concern?
It’s around the citywide average but older than most homes in River Park South. A pre-purchase inspection is especially important to understand the condition of major aging components like the roof, windows, and mechanical systems.
4. What does the sale history tell us?
The property has sold three times since 2017, each time at a higher price range, showing consistent demand. The most recent sale in early 2024 fell within the $300k-$350k range.
5. How can I verify the exact past sale prices?
The site does not display exact MLS sold figures. You can request the exact sold price history via email from the provider, who will manually look up and send the verified information.