Property Overview
67 Paddington Road presents a unique profile in Winnipeg's River Park South neighborhood. Its appeal is rooted in a specific balance of space, value, and location, making it a distinct option in the market.
Key Characteristics & Ideal Buyer
This 1983 bungalow is defined by its compact 784 sqft living area, which is notably smaller than most homes on its street and in the wider area. However, this is offset by a generously sized 5,300 sqft lot, placing it in the top 6% for land area on Paddington Road. The property's assessed value of $382k is very close to the city-wide average, suggesting the valuation accounts for this land-to-building ratio.
The appeal lies in this configuration: it's a land-opportunity home. The large lot relative to the neighborhood street average offers potential for expansion, gardening, or outdoor living that is uncommon for the price point. It suits practical, value-oriented buyers such as first-time homeowners comfortable with a cozy interior, downsizers seeking manageable indoor space with a sizable yard, or investors who see potential in the land value and the stable, average assessed value history. It’s a property where the value is arguably more in what you could do with the land than in the existing footprint.
Frequently Asked Questions
1. Is the house too small?
At 784 sqft, the living space is significantly below the local averages. It would suit a minimalist lifestyle, a small household, or someone who prioritizes outdoor space over indoor square footage. It's a functional but compact layout.
2. Why is the assessed value average when the house is so small?
The assessed value reflects the total property package. The lot size is well above average for the street, which contributes substantially to the valuation, balancing out the smaller building size.
3. What is the neighborhood like?
River Park South is an established, mature neighborhood. The data shows homes here are typically larger and newer than the city-wide average, indicating a stable, family-oriented area with a consistent housing stock from the 1980s and 1990s.
4. How reliable is the sold price data shown?
The site notes sold prices are based on public internet data, not the MLS, and are presented as ranges unless you request exact figures. For fully verified transaction history, you must contact the site directly for a manual lookup.
5. What are the real costs beyond the price?
With a home built in 1983, prospective buyers should budget for a thorough inspection. Key systems like the roof, windows, furnace, and plumbing are at an age where updates or repairs may be needed, which is a typical consideration for homes of this era.