60.4
Fair
Property score
60.4
Fair
Overall 60.4
Smaller than most nearby homes
866 sqft (bottom 5%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~101k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 7%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
60.4 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: #46110504
$101K
Median household income
$119K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
36%
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
474 Paddington Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 423 m), 1 parks (nearest 456 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%
Local garbage, recycling, and yard waste pickup schedule for 474 Paddington Road.
Garbage
friday
Recycling
friday
Yard Waste
friday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 6% | Top 33% | Top 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 38% | Bottom 16% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 474 Paddington Road, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This 1985-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. Its key characteristic is its compact size, with 866 sqft of living space, which is notably below the area average. This results in a correspondingly efficient assessed value that sits comfortably around the citywide average. The lot size is typical for its immediate street but is more modest compared to larger plots found elsewhere in the neighborhood.
The appeal lies in its value proposition and low-maintenance potential. For the price, buyers gain a foothold in a mature community, often with the benefit of an older home that has seen significant updates. It suits first-time buyers, downsizers, or investors seeking a manageable property. A thoughtful perspective is that while the home's footprint is smaller, it may represent an opportunity for efficient living without the upkeep of a larger house, potentially freeing up resources for renovations, travel, or savings. Its "around average" valuation on its own street suggests it fits the local market context well, rather than standing out as over-improved or under-improved.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 866 sqft, the home is compact. It's ideal for individuals, couples, or small families comfortable with efficient space. It's significantly smaller than the neighborhood average, so viewing the layout in person is essential to assess if it meets your needs.
2. How does the assessed value compare?
The assessed value of $376k is around the average for Winnipeg and for Paddington Road itself. However, it is below the average for the broader River Park South area, indicating you may be paying less for the location than for a larger, more typical home in the same neighborhood.
3. What does the sale history indicate?
The home sold recently in late 2024 for an estimated $400k-$450k, a noticeable increase from its 2021 sale in the $300k-$350k range. This suggests strong market appreciation in a short period.
4. Is the lot size a disadvantage?
The 4,234 sqft lot is standard for Paddington Road but smaller than many lots in River Park South. This means less yard maintenance but also less private outdoor space compared to some neighbors.
5. Where can I get exact sale prices?
The site provides estimated price ranges. Due to industry rules, exact sale figures are not displayed publicly. You can request the precise sale history via email from the site provider, who will manually look up and send the verified data.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
