59.7
Fair
Property score
59.7
Fair
Overall 59.7
Smaller and older than most nearby homes
872 sqft (bottom 8%)
Built in 1978 (12 yrs older than avg)
Located in a high-income area
with median household income of ~106k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 school, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
12 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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59.7 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
123 Paddington Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 352 m), 2 parks (nearest 242 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%
Local garbage, recycling, and yard waste pickup schedule for 123 Paddington Road.
Garbage
friday
Recycling
friday
Yard Waste
friday b
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 11% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 1% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
123 Paddington Road in Winnipeg's River Park South neighborhood presents a specific value proposition. The home is a 872 sqft bungalow built in 1978 on a 3,403 sqft lot, with a current assessed value of $284k. Its key characteristic is its position as a more modest and affordable entry point within its immediate area. Compared to other homes on Paddington Road and in River Park South, it ranks below average in both living space and assessed value. This creates a clear dynamic: you are purchasing a smaller, older home in a neighborhood where most properties are larger and more valuable.
The appeal lies in accessible homeownership in a well-established neighborhood. For a buyer, it represents a chance to get into the area at a lower price point than typical, potentially offering a manageable project for a first-time buyer, downsizer, or investor. It suits those who prioritize location and lot ownership over square footage, and who may see potential in updating a home that hasn't kept pace with neighborhood values. A thoughtful perspective is that this price point could provide financial breathing room for renovations, allowing a buyer to incrementally increase the home's value in a community where even average homes are worth significantly more.
1. Why is the assessed value so much lower than the neighborhood average?
The primary reasons are the home's smaller size (872 sqft vs. a neighborhood average of 1,410 sqft) and its age. Assessed value is based on property characteristics, and this home's modest proportions result in a lower valuation compared to larger, potentially updated homes in River Park South.
2. What type of buyer would this home be best for?
It's well-suited for first-time buyers seeking an entry into homeownership in a established neighborhood, or for downsizers looking for a manageable single-level living space. It could also appeal to an investor seeking a rental property in a stable area, given the strong demand suggested by the higher average values around it.
3. How does the lot size compare?
The lot is 3,403 sqft, which is around average for Paddington Road but below the broader neighborhood average. This means outdoor space is consistent with immediate neighbors but more compact than many other lots in River Park South.
4. Are sold prices available for this specific address?
Yes, the property sold in September 2021 and October 2017. For exact sale prices, you must request the information directly via email, as the public site shows only price ranges for privacy and compliance reasons.
5. Is the home older than others in the area?
Yes. Built in 1978, it is older than the average home on its street (1985) and in River Park South (1990). This is a factor in its valuation and may indicate that major components like the roof, windows, or mechanical systems are original or nearing their typical lifespan.
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