Property score
55.2
Fair
Overall 55.2 · 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 ~96k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 3 parks, 1 sports facility, and 2 fuel stations nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 66%French · 3%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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55.2 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: #46111153
$96K
Median household income
$99K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
18%
Single-person households
33%
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
193 Paddington Road — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 474 m), 3 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 1% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 193 Paddington Road, River Park South, Winnipeg
Key Characteristics & Buyer Profile
This 880 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its key appeal lies in its value proposition: with an assessed value of $309,000, it sits notably below the neighborhood average ($447,200) and offers a lower financial barrier to entry. The home’s smaller footprint and compact lot (2,499 sqft) translate to lower maintenance and utility costs, a significant consideration for budget-conscious buyers.
The property would suit first-time homebuyers, downsizers, or investors seeking a manageable, income-producing asset. Its value is more positional than physical—you’re buying into a stable, established area without paying a premium for size. A thoughtful perspective is that this home represents an opportunity to gain equity in a desirable neighborhood where most homes are larger and more expensive, allowing for potential value growth through strategic updates over time.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($309k) is for municipal tax purposes and is a starting point. Given it’s below area averages and recent nearby sales, it suggests a competitive listing price, but the final sale price will be determined by current market conditions.
2. How does the smaller living area and lot size compare practically?
At 880 sqft, the home is cozier than most on the street and in the area. The lot is also significantly smaller than area norms, meaning less outdoor maintenance but also limited space for expansions, large gardens, or privacy.
3. What does the sale history from 2016 tell us?
The home sold for an estimated $200k-$250k in mid-2016. The increase to the current assessed value reflects broader market appreciation over nearly a decade, indicating the property has kept pace with general value trends.
4. Are there any obvious concerns from the data provided?
The home is older than most in River Park South (1978 vs. 1990 average). Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, windows, and mechanical systems.
5. How can I get the exact historical sale prices?
The site does not display MLS sold data. You must request exact figures via email from the provider, who will manually look them up and send them to you, typically by the end of the same business day.
