Property Overview: 595 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home on Paddington Road presents a solid, established option in the River Park South neighborhood. With 1,101 sqft of living space, it sits comfortably around the average for its street and city, offering a practical footprint for everyday living. Its assessed value of $400k is notably above the street average, suggesting it is viewed as a well-maintained or favorably positioned property within its immediate context.
The appeal lies in its relative stability and established community. The home is older than many in Winnipeg overall but aligns with the typical age on its street, indicating a mature streetscape with settled landscaping. The lot size, while smaller than the neighborhood average, is actually larger than typical for Paddington Road itself, potentially offering more outdoor space than direct neighbors. This property would suit first-time buyers or downsizers looking for a manageable home in a mature suburb without the premium of a new build. It’s for a buyer who values a known quantity—a home that compares favorably on its own block—over a larger or newer property that might come with a different set of trade-offs or costs.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold between $300k-$350k in 2017. Its current $400k assessment is higher, which may reflect market changes, improvements, or the city’s valuation methodology. For precise, verified sale history, a manual lookup is required.
2. Is the living space considered small for the area?
At 1,101 sqft, it is slightly below the River Park South average but very close to the average for Paddington Road itself. It represents a typical size for many homes on this specific street.
3. What does the lot size ranking mean for outdoor space?
The lot is 4,397 sqft. It ranks below the neighborhood average but is actually larger than the average lot on Paddington Road. This means you likely have a more generous yard than many on the same block, though it may be cozier than some newer subdivisions.
4. How does the year built affect this home?
Built in 1985, the home is newer than the Winnipeg city average. This can be an advantage, potentially meaning fewer immediate major repairs (like roof or furnace replacements) compared to much older homes, while still being part of a long-established neighborhood.
5. Are the sold prices shown for this exact home?
The sold price range provided is for 595 Paddington Road from 2017. The "similar" sold prices listed nearby are for other properties and are for reference only to show market activity in the general value range.