62.4
Fair
Property score
62.4
Fair
Overall 62.4
Smaller and older than most nearby homes
924 sqft (bottom 13%)
Built in 1978 (12 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, 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
34% 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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62.4 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
161 Paddington Road — 8 amenities found within 500 m, across 4 categories, including 1 education (nearest 393 m), 4 parks (nearest 267 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 161 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 5% | Bottom 1% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 161 Paddington Road, River Park South, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1978-built home in River Park South presents a practical, entry-level opportunity in a well-established neighborhood. With 924 sqft of living space on a 2,999 sqft lot, its key characteristic is its modest scale, reflected in its below-average assessed value of $281k. This valuation sits significantly lower than averages for the street, neighborhood, and city, indicating a potentially accessible price point.
The primary appeal lies in its affordability and position within a mature community. It suits first-time buyers or investors seeking a lower-cost foothold in Winnipeg. The home’s smaller size and lot offer manageable upkeep, which could also attract downsizers. A thoughtful perspective is that its "below-average" metrics across the immediate area might represent a value proposition, allowing for equity growth through updates rather than paying a premium for already-modernized finishes. Its last known sale was between 2017-2022 for an estimated $200k-$250k, suggesting a history of being a budget-conscious option.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on factors like the home's size, age, and features relative to the market. Its below-average square footage and lot size compared to others on Paddington Road and in River Park South directly contribute to this lower valuation.
2. What does the living area ranking mean for daily living?
Ranking in the top 66% on its street but lower in the wider area means the home is of a fairly typical size for Paddington Road itself, but smaller than many newer homes in River Park South. It is a compact layout suitable for individuals, couples, or small families.
3. How reliable is the sold price data provided?
The sold price range is based on publicly available internet data, not the MLS. For fully verified, exact transaction history and figures, you must request a manual lookup via email from the site.
4. Is the smaller lot size a major disadvantage?
It depends on your priorities. The lot is below average for the area, limiting expansive outdoor space. However, it reduces maintenance time and costs, which can be a benefit for those seeking a low-maintenance property.
5. What is the significance of the home being older than the neighborhood average?
Built in 1978, it is older than many homes in River Park South. This suggests it may require more attention to maintenance or updates compared to newer builds, but it also represents the character of the original housing stock in that part of the community.
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