Property Overview: 510 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This 1985-built home on Paddington Road presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. With 980 sqft of living space and an assessed value of $347k, it sits comfortably around the average for its own street but is notably more affordable than the broader neighborhood average. Its appeal lies in its relative value within a mature, established area. The lot size is typical for the street, and the home's age is actually above average compared to many Winnipeg properties.
This property would suit first-time buyers or downsizers seeking a manageable, lower-maintenance home without sacrificing location in a popular suburban community. It’s a sensible choice for those who prioritize financial accessibility over square footage, offering a chance to live in a well-regarded area at a price point below the neighborhood norm. A less obvious perspective is that its "around average" metrics on its own street suggest it fits right into the local fabric—it’s not an outlier, which can be a stability advantage. However, buyers should be prepared for living space that is compact compared to many modern homes and newer subdivisions.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in River Park South?
The home’s assessed value is below the neighborhood average. While it ranks around average city-wide and on its specific street, it sits in a more affordable tier within River Park South, where average values are significantly higher.
2. Is the living space smaller than typical homes?
Yes. At 980 sqft, the living area is below the averages for both the River Park South neighborhood and the city of Winnipeg. It is, however, closer to the average size found specifically on Paddington Road itself.
3. What is the significance of the 1985 build year?
Built in 1985, this home is newer than the average Winnipeg home. On its street, it’s actually above average, ranking in the top 15%. This suggests the immediate area developed around a similar time, offering neighborhood consistency.
4. How reliable is the sold price data shown?
The displayed 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.
5. What are the nearby properties like?
Adjacent properties on Paddington Road are very similar in age and style, creating a uniform streetscape. The provided comparisons show nearby homes with a range of sizes and values, indicating that while this home is on the more compact and affordable end, it is not unusual for the immediate vicinity.