60.0
Fair
Property score
60.0
Fair
Overall 60.0
Smaller than most nearby homes
880 sqft (bottom 9%)
Built in 1983 (7 yrs older than avg)
Located in a above-average income area
with median household income of ~83k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 school, and 2 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 61%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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60.0 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: #46110492
$83K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
34%
Single-person households
19%
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
48 Paddington Road — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 212 m), 2 parks (nearest 238 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 7% | Bottom 1% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Paddington Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft bungalow, built in 1983, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in value and lot size. While the living area is notably compact compared to local averages, the property sits on a 4,599 sqft lot that is larger than most on Paddington Road, offering valuable outdoor space and potential. The assessed value of $322k is comfortably below both neighborhood and city averages for comparable homes, suggesting a relatively lower property tax burden and an accessible price point.
This home would best suit first-time buyers, downsizers, or investors seeking a manageable footprint without sacrificing yard space. Its value proposition is clear: you are trading interior square footage for land and location within a mature community. A thoughtful perspective is that a smaller, well-maintained home on a good lot can be more financially sustainable in the long run, with lower utility and maintenance costs. It’s a property for those who prioritize practicality, outdoor potential, and community over sheer interior size.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 880 sqft, the home is significantly smaller than the neighborhood average. It requires efficient use of space and would feel cramped for a large family, but it is manageable for individuals, couples, or small families.
2. How does the assessed value affect property taxes?
With an assessed value below area averages, the municipal property tax calculation should start from a lower base than many nearby homes, potentially resulting in lower annual taxes.
3. What does the lot size offer?
The 4,599 sqft lot is a standout feature for the street, providing more private outdoor space than neighbors. This allows room for gardening, play, storage, or future additions like a shed or deck.
4. What is known about past sale prices?
Records indicate a sale between $200k-$250k in September 2019. For verified, exact historical sale figures, you must request a manual lookup from the site via email, as they do not publish MLS data.
5. How does this home compare to others on the street?
It has a newer build year and a larger lot than the street average, but a smaller living area. Its assessed value is very close to the street’s average, positioning it as a typical value for Paddington Road but with a unique balance of features.
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