55.3
Fair
Property score
55.3
Fair
Overall 55.3
Smaller and older than most nearby homes
827 sqft (bottom 3%)
Built in 1978 (12 yrs older than avg)
Located in a high-income area
with median household income of ~90k
Transit 68.0
4-min walk to transit with 1 nearby route
Within 500m: 3 schools, 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
41% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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55.3 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: #46111007
$90K
Median household income
$92K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
23%
Single-person households
27%
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 Rillwillow Place — 4 amenities found within 500 m, across 2 categories, including 3 education (nearest 135 m), 1 parks (nearest 381 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 20% | Bottom 2% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
48 Rillwillow Place is a compact, 827-square-foot bungalow built in 1978, situated on a modest 2,749-square-foot lot in Winnipeg's River Park South neighborhood. Its assessed value of $298,000 positions it as one of the more affordable homes on its street and well below the neighborhood average. The home’s key appeal lies in its entry-level price point within a stable, established area. It represents a practical opportunity for first-time buyers, downsizers, or investors seeking a lower-cost foothold in the Winnipeg market. While its living space and lot size are notably smaller than most area homes, this translates to lower property taxes and less maintenance. A thoughtful perspective is that its 1978 build date is actually newer than many Winnipeg homes city-wide, suggesting potentially fewer age-related issues than older stock. This property suits buyers who prioritize financial accessibility and simplicity over space, and who see value in a home that is easier to maintain and heat.
1. Is this a good value for the area?
Based on assessed values, this home is priced below the average for both its immediate street and the wider River Park South neighborhood, making it a more affordable entry point into the area.
2. How does the smaller living area impact daily life?
The 827 sqft layout is efficient and may suit individuals, couples, or those downsizing. Buyers should consider if the space meets their needs for living, storage, and potential for future updates.
3. What does the smaller lot size mean for me?
The 2,749 sqft lot requires less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle. However, it also means limited private outdoor space and less potential for expansions like large decks or additions.
4. The home sold in 2018. What can that tell me?
The previous sale price (listed in a broad range between $200k-$250k) indicates the property has appreciated in assessed value since then. For exact historical sale figures, you can request a manual lookup from the site.
5. How does the 1978 build year compare to nearby homes?
While newer than the Winnipeg city average, it is slightly older than the average home in River Park South. On its own street, however, it is one of the newer homes, which may indicate consistent upkeep in the immediate vicinity.
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