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
124 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 299 m), 3 parks (nearest 186 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 | Bottom 20% | Bottom 5% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
124 Paddington Road is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1983, it offers 1,343 sqft of living space on a 3,100 sqft lot, with a current assessed value of $347,000. The home presents a balanced profile, offering solid value within its immediate area while standing out in specific ways against broader comparisons.
This home’s primary appeal lies in its efficient use of space and its position as a value-conscious option in a desirable neighborhood. Its living area is notably above average for Paddington Road itself, suggesting a home that offers more interior space than many of its direct neighbors. However, its assessed value is below the neighborhood average for River Park South, which could indicate a potential value opportunity for a buyer compared to other area homes.
The lot size is smaller than both neighborhood and city averages, which translates to lower maintenance—a practical perk for those seeking a manageable yard. The home’s age is typical for the street, placing it in a mature, established setting.
This property would suit first-time buyers or downsizers looking for a comfortable, move-in-ready home in a stable community without a premium price tag. It’s also a sensible choice for value-focused buyers who prioritize interior space over a large yard and see the below-average assessment for the area as a strategic entry point.
1. Is this home a good value compared to others on the street?
The data suggests it could be. The living area is in the top 19% on Paddington Road, meaning it's larger than most comparable homes on the same street, yet its assessed value ranks around the street's average. This disconnect between space and assessed price can indicate good relative value.
2. How does the lot size impact the property?
At 3,100 sqft, the lot is smaller than most in River Park South and Winnipeg overall. This means less outdoor maintenance, which is a benefit for many, but also less private outdoor space for gardening or recreation.
3. What does the below-average assessment for the neighborhood mean?
While the home’s assessment is around average city-wide, it ranks in the top 90% for River Park South (meaning 90% of area homes have a higher assessed value). This could signal that the property is assessed at a lower value than many in the neighborhood, but it's essential to verify current market conditions and the property's specific condition.
4. The home sold between $250k-$300k in 2016. How relevant is that price today?
It serves as a historical benchmark, showing significant equity growth if that sale price was accurate. However, the market has evolved considerably since 2016, and the current assessed value of $347k is a more relevant starting point for understanding its present valuation.
5. Who might this property not suit?
Buyers seeking a large, sprawling yard or a brand-new home may find it less ideal. Similarly, investors or buyers strictly focused on properties with above-average lot sizes for future expansion might see the smaller lot as a limitation.
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