69.6
Good
Property score
69.6
Good
Overall 69.6
Smaller and older than most nearby homes
1,059 sqft (bottom 26%)
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, 3 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
25% 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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69.6 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
194 Paddington Road — 7 amenities found within 500 m, across 4 categories, including 1 education (nearest 417 m), 3 parks (nearest 281 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 | Top 35% | Bottom 31% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 194 Paddington Road, Winnipeg
Key Characteristics & Buyer Appeal
This 1978 home in River Park South presents a balanced profile for a specific buyer. At 1,059 sqft, its living space is typical for its street but modest compared to newer homes in the wider neighborhood. Its primary standout feature is the 5,001 sqft lot, which is notably larger than most on Paddington Road, offering above-average outdoor space. With an assessed value of $397k, it sits above the street average, suggesting the property is viewed favorably relative to its immediate peers.
The appeal lies in this balance: a manageable-sized home on a generous lot in an established area. It suits a practical buyer—perhaps a first-time homeowner or downsizer—who values a larger yard for gardening, pets, or private outdoor space more than a large interior. A thoughtful perspective is that while the home is older than many in River Park South, its assessed value strength on its own street indicates it may have been well-maintained or updated compared to direct neighbors. It’s a property for someone comfortable with a home from the late 70s, who sees potential in the land and location rather than seeking a modern, turn-key interior.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is about average for Paddington Road itself but is below the average for the broader River Park South neighborhood, which has many newer and larger homes.
2. Is the assessed value high for the area?
The assessed value is above the average for the street, but sits around the average for both the neighborhood and the city. This suggests you are paying a premium relative to the immediate street, possibly for the larger lot or the home’s condition.
3. What is the significance of the lot size?
The lot is a key feature, ranking in the top 10% on Paddington Road for size. This is a considerable advantage if you value outdoor space, as lots of this size are less common on this street.
4. The home was built in 1978. Is that a concern?
It is older than most homes on the street and in River Park South. This typically means closer attention is needed during inspection for aging components like roof, windows, and major systems, but it also places the home around the citywide average for age.
5. Where can I find verified past sale prices?
The site provides estimated sold price ranges from public data. For exact, verified transaction history, you must request a manual lookup via email, as MLS data is not displayed due to industry rules.
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