Property Overview: 42 Paddington Road, River Park South, Winnipeg

Key Characteristics & Appeal

This 860 sqft bungalow, built in 1982 on a 3,640 sqft lot, presents a practical entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in value and manageability. With an assessed value of $349k, it sits comfortably below the neighborhood average, offering a more accessible price point in a desirable area. The home last sold in mid-2023 for an estimated $300k–$350k.

The property is notably compact, with a living area well below averages for the street, neighborhood, and city. This isn't a home for sprawling, but rather for efficient living. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with a solid foundational value. A thoughtful perspective is that its smaller scale translates to lower utility costs, less upkeep, and a clearer, more manageable renovation scope for a new owner. It’s a home that prioritizes location and financial efficiency over square footage.

Frequently Asked Questions

1. Is this home significantly smaller than others in the area?
Yes. At 860 sqft, its living area is below the average for Paddington Road (1,128 sqft), River Park South (1,410 sqft), and Winnipeg overall (1,342 sqft). It’s a compact, efficient layout.

2. How does its value compare to nearby homes?
Its $349k assessment is near the street average but notably below the River Park South neighborhood average of ~$447k. This suggests a value-oriented position within a typically higher-priced area.

3. What is the lot size, and is it typical?
The 3,640 sqft lot is close to the average for Paddington Road but smaller than most in River Park South and the city. It provides a manageable yard without extensive landscaping demands.

4. When was it last sold, and for how much?
Records indicate a sale in June 2023, with a sold price range of CA$300,000–$350,000. Exact figures require a verified lookup.

5. Are comparable nearby properties available to reference?
Yes. Nearby listings like 46 Paddington Rd (1,162 sqft) and 55 Paddington Rd (624 sqft) provide context for size and value on the same street.