Property Summary: 571 Paddington Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 1985-built home in River Park South presents a solid, middle-ground option in the Winnipeg market. With 1,101 sqft of living space on a 4,397 sqft lot, its size is consistently "around average" when compared to its immediate street and the city overall. Its appeal lies in its established neighborhood context and relative value. The home sits on a larger-than-average lot for its street, offering a bit more outdoor space than nearby houses. While its assessed value is below the neighborhood average, it recently sold within a price range that places it in the top tiers for the street, suggesting it is perceived as a desirable property on its specific block.

This property would suit practical, value-conscious buyers looking for a move-in ready home in a mature suburb without premium pricing. It’s particularly well-suited for someone who prioritizes a good lot size on a street where homes are closely matched in age and style, offering a sense of uniformity. A less obvious perspective is that its "around average" metrics across the board indicate stability and lower risk; it's unlikely to be over-improved or an outlier, making it a straightforward and predictable purchase.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold for an estimated $400k–$450k in July 2024, which is above its $386k assessed value. This indicates the market valued it higher than the municipal assessment at that time.

2. Is the lot size typical for the area?
The lot is larger than the average for Paddington Road but below the average for the wider River Park South neighborhood. This means you get more yard space than your immediate neighbors, but larger lots can be found elsewhere in the community.

3. What does the "Top 10%" sold price ranking for the street mean?
It means the sold price was higher than approximately 90% of other recorded sale prices on Paddington Road. This suggests the property was among the most valuable on its specific street when it sold.

4. The home is older than the city average. Should I be concerned?
The 1985 build date is actually newer than the Winnipeg city average (1966) and typical for its street. Homes from this era in established suburbs often feature modern foundations, wiring, and layouts, but a standard inspection is always recommended.

5. Where can I get the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the exact figure by emailing the site directly for a manual lookup, which they provide without using your email for marketing.