Property Summary: 139 Paddington Road, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 139 Paddington Road presents a practical opportunity in Winnipeg's River Park South neighborhood. Its key characteristic is its position as a competitively priced, average-sized home in an area where many properties are larger and more valuable. With 1,200 sqft of living space, it aligns closely with the street average but sits below the broader neighborhood and city averages for lot size, assessed value, and year built (constructed in 1978).

The primary appeal lies in its affordability and entry-point potential. The assessed value of $302k is notably below averages for both the street and the wider River Park South area, suggesting a lower property tax base and an accessible price point. It last sold between $200k-$250k in 2019, indicating significant potential equity growth for the sellers and a price that may be attractive to buyers. This home would suit first-time buyers or investors seeking a foothold in a stable, family-oriented neighborhood without the premium price tag of newer or larger homes on the street. It also appeals to those who prefer a manageable, smaller lot with less yard maintenance. A less obvious perspective is that a home with metrics consistently "below average" for its immediate area can represent a value play, offering the benefits of the location while allowing budget for updates or simply a more comfortable mortgage payment.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value ($302k) is for municipal tax purposes. The last sold price (2019) was between $200k-$250k, and current market conditions will determine the final sale price. The assessed value being below area averages, however, often indicates a more affordable entry point.

2. How does the smaller lot size impact the property?
At 3,008 sqft, the lot is smaller than most in River Park South. This means less outdoor space for gardening or recreation but also translates to less yard work and lower maintenance costs, which can be a benefit for some lifestyles.

3. What does the 1978 build year mean for a buyer?
Homes from this era may require attention to original components like windows, roofing, or major systems (HVAC, plumbing). A thorough inspection is essential. Conversely, well-maintained homes of this age often feature more established landscaping and mature neighborhoods.

4. The home seems "below average" in many metrics for the neighborhood. Is that a concern?
It's a defining characteristic. It means you're buying into a desirable area at a lower cost basis than your neighbors, which can be a strategic advantage. Your property taxes and initial investment are likely lower, but you may have a smaller home and lot than surrounding properties.

5. Where can I get verified historical sale data for this property?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service where you can request the full transaction history and exact figures via email, which they will provide without using your contact information for marketing.