66.5
Good
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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
434 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 313 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
This home at 434 Paddington Road in Winnipeg's River Park South neighborhood presents a specific value proposition. Built in 1979, it's a 1,216 sqft property on a 2,498 sqft lot that sold in the $300k-$350k range in August 2024. Its profile is defined by a notable contrast: its living space is competitive for its immediate street, while its assessed value and lot size are significantly below area averages.
The primary appeal of this property lies in its affordability within a well-established neighborhood. With an assessed value consistently below averages for the street, neighborhood, and city, it represents a lower entry point into River Park South. The living area is above average for Paddington Road itself, suggesting the home makes efficient use of its space relative to nearby houses.
It would suit practical, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize location and fundamentals over lot size or modern build dates. A less obvious perspective is that a smaller, more manageable lot can mean lower maintenance costs and time commitment, which can be a hidden benefit for busy households. The data suggests you are paying primarily for the interior space and location here, not for land.
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $291k is well below the River Park South average of $447k. This is likely due to a combination of the home's older build date (1979, compared to a 1990 neighborhood average), its smaller lot size, and potentially its specific condition or features at the time of assessment.
2. Is the living space adequate for a family?
At 1,216 sqft, the living area is above the average for its own street and near the citywide average. It is, however, below the neighborhood average of 1,410 sqft. It would likely suit a small family or those comfortable with a more compact layout compared to many larger, newer homes in the area.
3. What are the implications of the smaller lot size?
The lot of 2,498 sqft is substantially smaller than typical lots in River Park South. This means less outdoor space for gardening, play, or expansion. However, it also translates to less yard work and lower potential property tax assessments related to land value.
4. How reliable is the sold price data shown?
The sold price range of CA$300k–350k is based on publicly available internet data, not the MLS. The site advises that for fully verified, exact transaction figures, you must request a manual lookup via email.
5. How does this home compare to others on the same street?
On Paddington Road, this home has more living area than average but sits on a much smaller lot and has a lower assessed value. This indicates it may offer better interior space for the price compared to street neighbors, but with less outdoor property.
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