Property score
66.5
Good
Overall 66.5 · Older than most nearby homes
1,216 sqft (bottom 42%) · Built in 1979 (11 yrs older than avg)
Located in a above-average income area with median household income of ~83k
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
11 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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66.5 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: #46110494
$83K
Median household income
$97K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
30%
Single-person households
23%
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
424 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 291 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 47% | Bottom 20% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 424 Paddington Road in Winnipeg's River Park South neighborhood presents a distinct value proposition. Built in 1979, its key characteristic is a significant price advantage relative to its surroundings. With an assessed value of $283k, it sits well below the averages for its street ($364.8k), neighborhood ($447.2k), and the wider city ($390.1k). The 1,216 sqft living space is modest but practical, ranking above average for its specific street. The lot, at 2,389 sqft, is notably compact, which is a defining feature of this property.
The primary appeal lies in its affordability and entry-point positioning in a well-established area. It suits first-time buyers or investors seeking a lower-cost foothold in a mature suburb, where they can potentially add value through updates. The compact lot means less yard maintenance—a plus for those seeking a simpler lifestyle—but also less private outdoor space. A thoughtful perspective is that this home likely offers a lower property tax base than its neighbors, providing ongoing savings. Its recent sale history (sold between $300k-$350k in late 2021) suggests it has been a viable, competitively priced option in the market.
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is significantly influenced by the home's smaller lot size and its modest living area compared to many larger, newer homes in River Park South. This creates a quantifiable value gap.
2. What does the compact lot size mean for me?
It translates to minimal yard maintenance, which can be a benefit. However, it may limit options for expansions like large decks, additions, or extensive landscaping. Privacy from neighbors could also be different than on a larger lot.
3. Is the living space too small?
At 1,216 sqft, it is a manageable size for a small family, couple, or individual. It's actually above the average for homes directly on Paddington Road, suggesting the floor plan is efficient for the immediate context.
4. How reliable are the sold price estimates shown?
The site states sold prices are based on public internet data, not the MLS, and are presented in ranges unless you request exact figures. For fully verified transaction history, you must contact them directly for a manual lookup.
5. What are the potential downsides of an older home like this?
Built in 1979, the home may require updates to key systems like roofing, windows, or HVAC. A pre-purchase inspection is essential to understand the condition and potential upcoming investments needed beyond the attractive purchase price.
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