| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1981 （45 years ago） | Top 1%1/88 Avg1981 Top 71%762/1069 Avg1994 Top 61%16463/26841 Avg1990 5-50 Paddington Road: For Year Built. On Paddington Road, Elite — Top 1%, rank 1 of 88, and comparable homes in that group average about 1981. in River Park South, below average — Top 71%, rank 762 of 1069, and comparable homes in that group average about 1994. citywide, around average — Top 61%, rank 16463 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 884 sqft | Top 1%1/88 Avg884 sqft Top 57%614/1069 Avg1,054 sqft Top 65%17459/26841 Avg1,042 sqft 5-50 Paddington Road: For Living Area. On Paddington Road, Elite — Top 1%, rank 1 of 88, and comparable homes in that group average about 884 sqft. in River Park South, around average — Top 57%, rank 614 of 1069, and comparable homes in that group average about 1,054 sqft. citywide, around average — Top 65%, rank 17459 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 16.40k | Top 98%86/88 Avg17.60k Top 88%939/1069 Avg27.10k Top 79%21095/26841 Avg25.60k 5-50 Paddington Road: For Assessed Value. On Paddington Road, below average — Top 98%, rank 86 of 88, and comparable homes in that group average about 17.60k. in River Park South, below average — Top 88%, rank 939 of 1069, and comparable homes in that group average about 27.10k. citywide, below average — Top 79%, rank 21095 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 16.80k | Top 81%71/88 Avg Below average same street Top 81% | Top 82%876/1069 Avg Below average neighbourhood Top 82% | Top 76%20479/26841 Avg Below average Winnipeg Top 76% |
Property Overview & Key Characteristics
This 1981-built home in River Park South presents a compact, 884 sqft living space on a street ranked highly for its area. Its most defining characteristic is its exceptionally low assessed value, which places it in the top 1% of its street and top 6% city-wide for affordability. This creates a distinct entry-point opportunity in a mature, established neighbourhood. The home lacks a basement, pool, or garage, suggesting a simplified, low-maintenance lifestyle.
Its primary appeal lies in its potential as a strategic investment or a minimalist foothold in the market. It would suit a first-time buyer prioritizing location and low property tax burden over move-in-ready condition, or an investor looking for a rental property with a very low cost basis. A thoughtful perspective is that a home of this size and value in this area could serve as a deliberate choice to reduce living expenses and environmental footprint, freeing up resources for other life priorities. Its recent sale in early 2024 indicates it was likely seen as a viable project or hold property.
Frequently Asked Questions
1. What does a very low assessed value typically indicate?
While it ensures lower property taxes, it often correlates with a home needing significant updates, repairs, or modernization. It’s a strong signal for buyers to budget for renovations.
2. How significant is the lack of a basement?
This greatly reduces storage space and eliminates potential for a traditional rec room or secondary suite. It focuses the living entirely on the main floor footprint, which can simplify heating and maintenance but requires efficient use of space.
3. The home recently sold in early 2024. What does that suggest?
The quick resale could indicate it was purchased as an investment or flip. Prospective buyers should be prepared for the possibility that it’s being sold "as-is" or with only minor cosmetic improvements.
4. The living area is below average for the neighbourhood. Is that a concern?
For some, yes, as it offers less space than many nearby homes. However, this directly contributes to the lower cost and may be perfect for individuals, couples, or those seeking a right-sized home without unused rooms.
5. Are the high "top percentage" rankings for value a good sign?
They are a double-edged sword. They confirm the price is very competitive for the area, but they also statistically confirm the property is an outlier on the lower end of the spectrum for value, underscoring the importance of a thorough inspection.
Address · Distance
Address · Assessed Value