Property Overview: 579 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 866 square feet of living space, it is notably compact compared to area averages, placing it in the top tier for efficiency within its immediate vicinity. Its assessed value of $371,000 is very close to the street and city-wide averages, suggesting a fairly priced offering for the location.
The primary appeal lies in its value proposition and low-maintenance potential. The lot size is generous for the street, and the home's age is above average city-wide, indicating a mature property in a settled community. It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-cost property in a stable area. A thoughtful perspective is that its smaller size and efficient lot could mean lower utility costs and less upkeep, freeing up budget for updates or savings. It’s a home that prioritizes location and lot over square footage, appealing to those who see potential in a manageable footprint.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 866 sqft, the living area is below the neighborhood average. However, on its own street, it ranks in the top 88% for efficiency, meaning many nearby homes are also of a similar, more compact scale.
2. How does the assessed value compare to recent sale prices?
The home last sold between $300,000-$350,000 in mid-2020. The current assessed value of $371,000 is moderately higher, aligning closely with current street and city-wide averages for similar properties.
3. What is the land size, and is it typical?
The lot is 4,397 sqft. This is larger than the average lot on Paddington Road but smaller than the broader neighborhood average. It offers a good balance of outdoor space without excessive maintenance.
4. Are there many similar homes nearby?
Yes. The street and immediate area feature several homes built in the same era with comparable square footage and assessed values, as shown in the nearby property list, indicating a consistent character for the block.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. To obtain the exact, verified sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.