Property Overview: 490 Paddington Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 1985 bungalow in River Park South presents a practical, entry-level home with a clear value proposition. Its key characteristic is its modest 866 sqft living area, which is notably below average for both the neighborhood and the city. This translates to a lower assessed value of $349k, which is competitively priced for the street and sits below the area average.

The appeal lies in its efficiency and relative affordability within a stable, established neighborhood. It suits first-time buyers or downsizers seeking a manageable footprint without the maintenance of a larger property. A thoughtful perspective is that its smaller size and lot (4,234 sqft) could mean lower utility costs and less yard work, offering a simpler lifestyle. While not the largest home on the block, its assessed value ranking on the street is around average, suggesting it is priced in line with local expectations for what you get. The 1985 build date is also newer than many Winnipeg homes, potentially implying fewer immediate major updates than an older property.

Section 2: Frequently Asked Questions

1. Is the sold price history available for this property?
The public data on this site does not show a detailed transaction history. You can request the most accurate available sale history by emailing via the "Request exact figures by email" link on the detail page.

2. How does the size of this home compare to others nearby?
At 866 sqft, the living area is smaller than most. It ranks in the top 95% for the neighborhood, meaning about 95% of area homes are larger. The provided examples of nearby homes, like those on Southwalk Bay, are typically 1,200 sqft or more.

3. What does the assessed value tell me about this property?
The $349k assessment is below the River Park South average but aligns with the average for Paddington Road itself. This indicates the property is assessed consistently with its immediate surroundings, which may differ from the broader, more expensive neighborhood.

4. Is the lot size a concern?
The lot is about average for Paddington Road but below the neighborhood average. It provides a standard suburban yard space but may not be suited for someone seeking extensive outdoor space or potential for large additions.

5. How current and reliable is this data?
The data is sourced from public records and is reasonably reliable but not guaranteed. Assessed values are for taxation purposes and may not reflect current market value. For fully verified figures and MLS records, you must contact the site via email for a manual lookup.