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 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, and 1 place of worship 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
495 Paddington Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 343 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 5% | Top 32% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 495 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 980 sqft home, built in 1984 on a 4,174 sqft lot in River Park South, presents a compelling, grounded opportunity. Its primary appeal lies in its strong value positioning within its immediate locale. While the living space is modest compared to broader neighborhood and city averages, the property's assessed value of $401k ranks well above the street average, suggesting it is perceived as a premium home on Paddington Road itself. This indicates a well-maintained or updated property that stands out among its closest peers.
The home would suit practical, value-conscious buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a solid investment in a stable area over maximum square footage. It offers the advantage of being newer than most Winnipeg homes and sits on a lot that is typical for its specific street. The recent sale within the $400k-$450k range confirms strong market interest. A thoughtful perspective here is that a smaller, efficiently designed home on a desirable street can often offer better livability and lower upkeep costs than a larger, more average property elsewhere, making it a smart choice for those seeking simplicity and financial prudence.
Frequently Asked Questions
1. Is the living area too small?
While below the neighborhood average, the living area is closer to the average for Paddington Road itself. It represents a more efficient, manageable footprint with potentially lower utility and maintenance costs.
2. Why is the assessed value higher than the street average?
A higher assessment often reflects factors like recent updates, superior condition, or favorable lot attributes compared to immediate neighbors. It suggests the property is considered one of the better-maintained homes on the block.
3. What does the recent sale price tell us?
The home sold between $400k-$450k in July 2024. This placed it in the top 5% of sale prices for Paddington Road, confirming its strong market value and desirability relative to its direct surroundings.
4. How does the lot size impact the property?
The lot is near the street average but smaller than many in River Park South. This typically means less yard maintenance, which can be an advantage for some, but may limit expansion possibilities.
5. Where can I get the exact sale price and history?
Due to industry regulations, exact MLS records are not published here. You can request the full transaction history and precise sold price by emailing the site directly for a manual lookup.
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