Property Overview: 460 Paddington Road, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,216 sqft bungalow, built in 1981, presents a practical and affordable entry point into Winnipeg's River Park South neighborhood. Its primary appeal lies in its value proposition. With an assessed value significantly below the neighborhood average, it offers a lower financial barrier to homeownership in a well-established area. The living space is efficient and slightly above average for its immediate street, suggesting a well-utilized floor plan.

The property is best suited for first-time buyers, downsizers, or value-focused investors. Its below-average lot size means less yard maintenance, which can be a plus for those seeking a simpler lifestyle. A thoughtful perspective is that this home represents a "value-play" within its context—it allows you to secure a location in River Park South while potentially leaving more room in the budget for renovations or updates to personalize the space. Buyers should note that the home's value metrics are stronger on its own street than in the wider neighborhood, indicating it sits on a block with a range of similar, modestly-sized homes.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $305k is a starting point for municipal tax calculation, not a market price. Notably, it is below averages for both the street and neighborhood. Recent sold data suggests homes here can sell within the $250k-$300k range, but a professional appraisal and market analysis are essential for determining current value.

2. How does the smaller lot size impact the property?
At 2,746 sqft, the lot is compact, especially compared to others in River Park South. This translates to minimal exterior upkeep, which is a benefit for those not wanting extensive gardening or yard work. The trade-off is less private outdoor space and potentially less room for expansions like a large deck or addition.

3. The home was last sold in 2017. What should I consider?
A sale eight years ago means the current condition and any updates since then are key. It’s important to have a thorough inspection to understand the state of major systems (roof, furnace, etc.) typical of a 1980s build and to see what interior improvements may have been made.

4. How does this home compare to others on Paddington Road?
The data shows this home fits comfortably on its street. Its living area is actually above the street average, while its assessed value and lot size are below average. This suggests you're getting a relatively good amount of house for the block, but on a smaller parcel of land.

5. Where can I get verified sale price history for this home?
The provided sold price data is from public sources, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site administrators via email, as industry rules prevent the direct display of MLS records here.