Property Overview: 664 Paddington Road, Winnipeg

Key Characteristics & Appeal

This 1,350 sqft home, built in 2006, presents a compelling blend of modern convenience and established neighbourhood character. Its primary appeal lies in its strong standing within its immediate locale on Paddington Road. The home is above average for its street in key metrics: it's newer than most (top 9%), has more living space (top 16%), and carries a higher assessed value (top 14%) compared to neighbouring properties. This suggests a well-maintained and updated home in a desirable pocket of River Park South.

While it aligns more closely with city-wide averages, the property offers a thoughtful balance. The 2006 build date means major components are likely still within their functional lifespan, potentially reducing near-term capital expenses. The lot size, while smaller than the neighbourhood average, is actually above average for the street itself, offering a manageable outdoor space. This home would suit buyers seeking a move-in ready property in a mature, family-oriented area without the premium for a brand-new build. It's particularly suited for those who value being on a street with consistently above-average homes, offering a sense of stability and incremental value.

Frequently Asked Questions

1. How does this home's value compare to recent sales on the street?
Based on available data, the home last sold in 2017 for an estimated $350k-$400k, which was in the top 27% of sale prices for Paddington Road at that time. Its current assessed value of $435k continues this trend of being above the street's average.

2. Is the lot size a disadvantage?
The lot is 4,411 sqft, which is below the broader River Park South average but actually larger than the average lot on Paddington Road itself. This means you get a yard size consistent with the immediate streetscape, which often translates to less maintenance than larger lots while still providing private outdoor space.

3. What does the 2006 build year imply for maintenance?
A 2006 construction is relatively modern for Winnipeg, meaning major systems like roofing, windows, and heating are likely in good condition. However, it's now at an age where some components (appliances, flooring, exterior paint) may be due for updates or preventative maintenance, which is a typical consideration for homes of this vintage.

4. How does the assessed value relate to potential market price?
The assessed value of $435k is for municipal tax purposes and is a statistical estimate. It can be a useful benchmark, showing the home is valued well above its street average. However, market price is determined by current supply, demand, condition, and specific features, so a professional valuation or comparative market analysis is recommended.

5. Where can I find verified historical sale prices?
The site provides estimated sold price ranges. For fully verified transaction history and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system available on public websites.