Property score
63.8
Fair
Overall 63.8 · Older than most nearby homes
1,152 sqft (bottom 36%) · Built in 1978 (12 yrs older than avg)
Located in a high-income area with median household income of ~90k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 3 schools, and 2 parks nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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63.8 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: #46111007
$90K
Median household income
$92K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
23%
Single-person households
27%
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
4 Rillwillow Place — 5 amenities found within 500 m, across 2 categories, including 3 education (nearest 255 m), 2 parks (nearest 403 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 33% | Bottom 13% | Bottom 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 4 Rillwillow Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,152 sqft home in River Park South, built in 1978, presents a distinct value profile. Its primary appeal lies in offering above-average interior space for its immediate street at a below-average price point. On Rillwillow Place itself, the home ranks #1 for living area, being notably larger than the street's 908 sqft average, yet it carries the lowest assessed value on the street. This creates an opportunity for buyers seeking more square footage per dollar in a mature neighborhood.
The property suits practical, value-conscious buyers. It's ideal for a first-time homeowner who prioritizes interior space over a large yard, as the lot is compact. It could also appeal to an investor or downsizer looking for a manageable property with a relatively low tax assessment. A less obvious perspective is its potential as a long-term hold in an area where the home's larger-than-street-average size could be a future advantage if the street sees renewal or upgrades. However, buyers should be comfortable with a property that, while spacious inside, sits on a smaller lot and has an assessed value below broader area averages.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $265k is significantly below the River Park South average ($447.2k). This is likely due to a combination of the home's smaller lot size (one of the smallest in the area), its age, and potentially its condition or specific features relative to other homes in the wider neighborhood.
2. How does the sold price range compare to the assessment?
The home sold recently for an estimated price between $250,000 and $300,000. This suggests the sale price was very close to or slightly above its $265k assessed value, which is typical. The sale ranked in the top 87% for value in the area, meaning it was a comparatively affordable purchase for River Park South.
3. What does the "top 2% for living area on its street" actually mean?
It means that, compared to 41 similar homes on Rillwillow Place, this home has more interior space than 98% of them. With 1,152 sqft versus a street average of 908 sqft, it offers substantially more living space than most of its direct neighbors.
4. Is the smaller lot size a major drawback?
That depends on your lifestyle. The 1,979 sqft lot requires less maintenance, which can be a benefit. However, it offers limited private outdoor space and less potential for expansions like large decks or additions compared to homes on standard lots in the area.
5. The home was built in 1978. What should I consider?
Built in 1978, the home is older than the neighborhood average (1990). This typically means crucial systems like the roof, windows, plumbing, and electrical may be at or beyond their expected lifespan and should be carefully inspected. Its construction date is average for Winnipeg overall.
