Property score
67.2
Good
Overall 67.2 · 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 ~83k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 park, 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 · 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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67.2 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: #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
448 Paddington Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 500 m), 1 parks (nearest 350 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 25% | Bottom 8% | Bottom 33% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 6% | Bottom 1% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 448 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,216 sqft bungalow, built in 1981, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its core appeal lies in its value proposition. With a current assessed value significantly below averages for its street, neighborhood, and the city, it stands out as a more affordable entry point into a stable area. The living space is competitive for the immediate street and aligns with typical city-wide sizes, suggesting a functionally sized home.
The property is best suited for first-time buyers, value-focused investors, or downsizers seeking a lower-cost foothold in a community without sacrificing interior space. A key, less obvious consideration is the lot size. At 2,497 sqft, it is notably smaller than most in the area. This translates to lower maintenance, which is a benefit for those seeking simplicity, but offers limited potential for expansions or extensive landscaping. The home’s recent sale history indicates it has been a relatively affordable option for years, appealing to those prioritizing financial accessibility over premium lot size or newer construction.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
Yes, based on assessed value. This home is ranked well below average for its neighborhood and street, meaning its official valuation is lower than most comparable properties around it, which can indicate a competitive price point.
2. What are the trade-offs for the lower assessed value?
The primary trade-off is land size. The lot is considerably smaller than typical for River Park South. While this means less yard upkeep, it also limits outdoor privacy and expansion potential. The home is also slightly older than the neighborhood average.
3. How does the actual living space feel?
At 1,216 sqft, the living area is above average for Paddington Road itself and near the city-wide average for homes. You are likely getting a reasonably sized interior relative to the market, even on a compact lot.
4. What can recent sale prices tell me?
The home sold in late 2023 within the $250k-$300k range, a price that was in the top 75% most affordable on its street at that time. This reinforces its history as a value-oriented property.
5. How can I verify the exact past sale prices?
The site does not display exact MLS sold figures due to industry rules. You can request the exact sale history via email from the provider for a manually verified record.
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