58.8
Fair
Property score
58.8
Fair
Overall 58.8
Smaller and older than most nearby homes
880 sqft (bottom 9%)
Built in 1978 (12 yrs older than avg)
Located in a high-income area
with median household income of ~106k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 school, 4 parks, 1 sports facility, and 2 fuel stations 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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58.8 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
151 Paddington Road — 8 amenities found within 500 m, across 4 categories, including 1 education (nearest 381 m), 4 parks (nearest 257 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 151 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 | Top 22% | Bottom 41% | Top 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 24% | Bottom 8% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
151 Paddington Road is a modest, single-family home in Winnipeg's River Park South neighborhood. Built in 1978, it features 880 square feet of living space on a roughly 3,000 square foot lot. With an assessed value of $295,000, it sits well below area averages, reflecting its compact size and older construction. Recent sales data indicates solid price appreciation, with the home selling in the $350,000–$400,000 range in 2024, a significant increase from its 2022 sale price.
This home’s primary appeal lies in its position as a more affordable entry point into a stable, established neighborhood. While its living space, lot size, and assessed value are below averages for both the street and the wider River Park South area, this translates to a lower price threshold for buyers. It suits first-time homebuyers, investors, or downsizers seeking a manageable property without the maintenance of a larger home or yard. The consistent sales history and recent value increase suggest a reliable, if unspectacular, investment in a community where many other homes are larger and newer.
A less obvious perspective is that a home of this size and vintage, in a neighborhood of generally larger properties, can represent a strategic purchase. It offers the benefits of the location—like community amenities and school catchment areas—without the premium price tag. For the right buyer, it’s a chance to gain a foothold in the area with potential to personalize or expand over time, all while benefiting from the overall upward trend of the surrounding market.
1. Is this a good investment property?
Given its below-average price point for the area and demonstrated appreciation between its 2022 and 2024 sales, it could be a viable option for a rental investment, appealing to tenants seeking the neighborhood at a lower rent.
2. Why is the assessed value so much lower than the recent sale price?
Municipal assessed values for taxation often lag behind current market values. The 2024 sale price reflects what a buyer was recently willing to pay in the open market, which exceeded the city's assessment.
3. How does the smaller lot size affect the property?
The lot is smaller than most in River Park South, meaning less outdoor maintenance and limited space for expansions like large decks or additions. It may also mean homes are closer together compared to others on the street.
4. Are the home’s systems original from 1978?
While the year built is 1978, the listing data does not specify updates. A buyer should investigate the age and condition of major components like the roof, furnace, windows, and plumbing during an inspection.
5. How can I verify the exact past sale prices?
The site provides estimated price ranges. For fully verified, exact sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.
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