Property score
68.2
Good
Overall 68.2 · Older than most nearby homes
1,216 sqft (bottom 42%) · Built in 1981 (9 yrs older than avg)
Located in a above-average income area with median household income of ~86k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 2 place of worships nearby
Living Area
Near average
14% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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68.2 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: #46110495
$86K
Median household income
$98K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
31%
Single-person households
22%
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
418 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 2 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 31% | Bottom 12% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 418 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,216 sqft home, built in 1981 on a 2,750 sqft lot, presents a clear value-oriented proposition in the established River Park South neighborhood. Its primary appeal lies in its affordability and efficient footprint. With an assessed value significantly below area averages, it offers a notably lower entry point into the community compared to most neighboring homes. The living space is practical and slightly above average for its immediate street, suggesting a well-utilized layout within a modest overall property size.
This property would best suit first-time buyers or practical downsizers seeking affordability in a mature suburb without requiring a large yard. It’s a home for those who prioritize financial accessibility and a simpler footprint over premium lot size or modern construction. A thoughtful perspective is that its below-average metrics represent an opportunity to enter a neighborhood at a discount, with the trade-off being less outdoor space and a home that may require updates reflective of its era.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is below average for the street, neighborhood, and city. This typically reflects the home’s more compact lot size and living area compared to many area properties, and may also relate to its condition, features, or specific market factors at the time of assessment.
2. How does the lot size impact living here?
At 2,750 sqft, the lot is considerably smaller than the neighborhood norm. This means lower maintenance but limited private outdoor space. It may be better suited for those who prefer minimal yard work or who prioritize nearby parks over a large backyard.
3. What does the sold price history indicate?
Public records show it last sold between $250k-$300k in April 2022. This placed it in the lower tiers for sold price in the area at that time, consistent with its value positioning. Exact figures require a manual lookup from the provider.
4. Is the living space adequate for a family?
At 1,216 sqft, the living area is above average for Paddington Road itself but around the city average. It likely offers 2-3 bedrooms. It suits smaller families or those comfortable with cozy, efficient spaces rather than expansive rooms.
5. What are the potential trade-offs of the 1981 build date?
Built in 1981, the home is of average age for its street but older than many in River Park South. Buyers should budget for potential updates to original components like windows, roofing, or interior finishes, which can be an opportunity to add personal value.
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