66.3
Good
Property score
66.3
Good
Overall 66.3
Smaller and older than most nearby homes
1,040 sqft (bottom 25%)
Built in 1981 (9 yrs older than avg)
Located in a high-income area
with median household income of ~103k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 2 parks, 1 sports facility, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 69%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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66.3 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: #46110497
$103K
Median household income
$118K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
14%
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
345 Paddington Road — 5 amenities found within 500 m, across 3 categories, including 2 parks (nearest 133 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 31% | Bottom 33% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 345 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1981 on a 3,498 sqft lot, presents a straightforward opportunity in Winnipeg's River Park South neighborhood. Its primary appeal lies in its position as a statistically average home within its immediate context, offering a stable entry point into a desirable area. The assessed value of $356k is notably below the neighborhood average, suggesting a potentially more affordable pathway into River Park South compared to many of its peers.
The home would suit first-time buyers or practical downsizers seeking a manageable property without the premium often attached to larger, newer homes in the area. Its "around average" metrics on its own street indicate it fits comfortably within the local streetscape, avoiding the risks or premiums associated with being an outlier. A thoughtful perspective is that this property represents the typical experience of homeownership on Paddington Road—offering the neighborhood's amenities and stability without the burden of top-tier property taxes that come with a higher assessment.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others in River Park South?
The home's assessed value ($356k) is significantly below the neighborhood average for comparable homes ($447.2k), ranking in the top 87% (meaning it's less expensive than 87% of similar properties in the area). This indicates it's a more affordable option within the community.
2. Is the living space smaller than most homes nearby?
Yes, at 1,040 sqft, it is below the River Park South average (1,410 sqft). However, it is very close to the average for homes on its own street (1,128 sqft), meaning it is typical for Paddington Road.
3. What is the recent sales history for this property?
Records indicate it sold between $300,000 and $350,000 in December 2022. For fully verified, exact sale figures, you can request a manual lookup via email from the site.
4. How does the lot size impact this property?
The lot is 3,498 sqft, which is below average for both the neighborhood and the city. This means lower maintenance but also less private outdoor space compared to many Winnipeg homes. On Paddington Road itself, it is closer to the average.
5. Are homes from 1981 likely to need major updates?
A home from 1981 is newer than the Winnipeg city average. While systems like the roof, windows, or furnace may be due for inspection or replacement based on their specific age and maintenance history, the structure itself is from a modern building era. It's wise to budget for updates that align with a 40+ year-old home.
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