74.5
Good
Property score
74.5
Good
Overall 74.5
Compared with neighbourhood average
1,343 sqft (top 49%)
Built in 1983 (7 yrs older than avg)
Located in a high-income area
with median household income of ~106k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 72%French · 4%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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74.5 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110496
$106K
Median household income
$114K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
17%
Single-person households
37%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
116 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 289 m), 3 parks (nearest 181 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Bottom 28% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 116 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-sized family option in the established River Park South neighborhood. Built in 1983, its 1,343 sqft living area is notably above average for Paddington Road itself, offering more interior space than many direct neighbors. The assessed value of $390k is consistent with city-wide averages and is moderately above the street average, suggesting a perception of good value relative to its immediate surroundings.
The primary appeal lies in its efficient use of space on a smaller lot. While the land area is below average for the street, neighborhood, and city, this often translates to less yard maintenance—a practical advantage for busy professionals or those seeking a low-maintenance lifestyle. The home’s metrics indicate it’s a well-proportioned property for its context, not an outlier, which can mean predictable costs and community fit.
It would suit first-time homebuyers or downsizers looking for a move-in ready, no-surprises home in a mature suburb. It also appeals to value-conscious buyers who prioritize interior square footage over a large yard. The data suggests it’s a “middle-of-the-road” property in many respects, which can be a strategic purchase in a stable area, avoiding the premium for the newest or largest homes on the block.
Frequently Asked Questions
1. How does the lot size impact this property?
The lot is smaller than most in River Park South. This means lower maintenance, but also less private outdoor space. It’s a trade-off that prioritizes the home’s interior space over yard size.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($390k) is a municipal tool for calculating taxes, not a market appraisal. However, it aligns closely with the city-wide average for similar homes, providing a reasonable benchmark. The last known sale was between $300k-$350k in 2017.
3. What does the "above average" living area for the street mean practically?
Compared to other homes on Paddington Road, you are getting more interior space for your money. This could mean extra bedrooms, larger common areas, or better layout efficiency than neighboring houses.
4. How can I find out the exact historical sale prices?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sale history via email from the site’s team for verified data.
5. The home was built in 1983. What should I consider?
Homes from this era are past their 40-year mark. While established, this warrants a close look at major systems (roof, windows, furnace, plumbing) during an inspection to understand their remaining lifespan and potential near-term replacement costs.
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