Property score
63.6
Fair
Overall 63.6 · Smaller than most nearby homes
980 sqft (bottom 18%) · Built in 1984 (6 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 park, and 2 place of worships nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Near average
6 yrs older than neighborhood avg.
Mother tongue
English · 63%French · 9%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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63.6 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: #46110500
$94K
Median household income
$104K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
25%
Single-person households
29%
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
483 Paddington Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 367 m), 1 parks (nearest 490 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 41% | Bottom 29% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 483 Paddington Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 980 sqft bungalow, built in 1984, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its key appeal lies in its relative value and stability. With an assessed value of $343k, it sits comfortably around the average for its street and the wider city, yet is notably below the neighborhood average, suggesting a potentially more accessible price point within this area.
The home suits first-time buyers, downsizers, or investors seeking a manageable property with lower ongoing tax obligations relative to larger homes in the area. Its smaller living area and lot size (4,174 sqft) translate to less maintenance, which is a distinct advantage for those seeking simplicity. A thoughtful perspective is that while the home ranks below neighborhood averages for size, it ranks above average for its year built both on its street and city-wide, indicating a potentially newer or better-maintained structure compared to many Winnipeg homes. This positions it as a modern, low-maintenance option within its market segment.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others in River Park South?
Based on assessed values, this home ranks in the top 91% for being less expensive than neighborhood averages, meaning it offers a lower entry cost into the area while still providing similar access to amenities and community.
2. How does the smaller living area impact daily life and resale?
The 980 sqft layout is efficient and cost-effective to heat and maintain. It appeals to a specific market seeking simplicity. While smaller than the neighborhood average, it is close to the average for Paddington Road itself, suggesting it fits the character of the immediate street.
3. What does the sold price history indicate?
The home sold between $300k-$350k in May 2021. This range was above the median for the city and area at that time, indicating strong past buyer interest. For current value, a professional assessment against today’s market conditions is essential.
4. The lot is smaller than many in Winnipeg. Is that a drawback?
The lot is near the average size for Paddington Road. A smaller lot means less yard work and lower exterior maintenance costs, which can be a significant benefit for many buyers.
5. How can I verify the exact historical sold prices?
The provided sold price is an estimated range from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.
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