Property Overview: 329 Paddington Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 329 Paddington Road in River Park South is defined by its compact and efficient footprint. With 680 sqft of living space, it is notably smaller than most homes in its immediate area, ranking in the bottom percentile for size both on its street and in the wider neighborhood. Built in 1981, its age is typical for the street but slightly older than the neighborhood average. The assessed value of $346k sits close to the street and city-wide averages, positioning it as a more affordable entry point into the stable River Park South community, especially when compared to the higher neighborhood average.

Its primary appeal lies in this value proposition. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property without leaving a well-established suburban area. The lot size, while smaller than the neighborhood norm, is average for Paddington Road, suggesting a manageable yard. A thoughtful perspective is that this property represents an opportunity to own in a desirable area by prioritizing location over square footage, potentially offering a lower property tax base due to its below-average assessed value for the neighborhood. It may also attract buyers looking for a home with renovation potential to customize the compact space.

Section 2: Frequently Asked Questions

1. How does the small living area impact value?
While the living area is significantly below average, the assessed value aligns with street and city benchmarks. This suggests the valuation accounts for the smaller size, with the location and land contributing to its worth. It indicates you are paying primarily for the location and the property rather than for extensive finished space.

2. Is the assessed value likely accurate?
The assessed value of $346k is consistent with its "around average" ranking on the street and city-wide. The sale history shows it last sold in the $300k-$350k range in 2021, supporting the current assessment as reasonable. For precise, verified sale figures, you can request a manual lookup from the site.

3. What does the sale history indicate?
The property sold in 2021 and previously in 2016. The 2021 sale price range placed it in a higher percentile locally than it did city-wide, indicating strong demand for the specific location. This trend suggests the street holds its value well relative to the broader market.

4. How does it compare to nearby homes?
This home is distinctly smaller than most comparables in River Park South. For example, nearby references show living areas commonly between 1,000-1,600 sqft. However, its assessed value is competitive, offering a cost-effective alternative on the same street as larger, more expensive homes.

5. What are the less obvious considerations?
The data shows the lot is smaller than the neighborhood average but typical for the street. This means outdoor space will be manageable but not expansive. Additionally, the home's age (1981) is older than the neighborhood average, so potential buyers should budget for updates consistent with a home of that era. Its value stability appears closely tied to its immediate micro-location on Paddington Road rather than the broader neighborhood trends.