Property score
65.6
Good
Overall 65.6 · Smaller and older than most nearby homes
1,059 sqft (bottom 26%) · Built in 1979 (11 yrs older than avg)
Located in a high-income area with median household income of ~103k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 2 parks, 1 sports facility, and 2 fuel stations nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
11 yrs older than neighborhood avg.
Mother tongue
English · 69%French · 6%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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65.6 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: #46110497
$103K
Median household income
$118K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
14%
Single-person households
37%
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
50 Lechman Place — 5 amenities found within 500 m, across 3 categories, including 2 parks (nearest 102 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 21% | Bottom 25% | Bottom 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Bottom 21% | Bottom 43% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 5% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Lechman Place, Winnipeg
Key Characteristics & Appeal
This 1,059 sqft home, built in 1979, presents a practical and competitively positioned offering in the River Park South neighborhood. Its primary appeal lies in its efficient scale and relative value. While the living space is smaller than the neighborhood average, it is notably above average for its specific street, suggesting it's a larger home in its immediate context. The assessed value of $371,000 sits comfortably around the city-wide average, indicating a fair market entry point.
The property suits first-time buyers or downsizers seeking a manageable footprint without overextending financially. Its lot size is modest, especially compared to wider city and area averages, which translates to lower maintenance—a key point for those looking to minimize yard work. A thoughtful perspective is that this home represents a "middle ground" investment: it's not the newest or largest on the block, but its solid city-wide rankings for size and value suggest it avoids the premiums of newer subdivisions while offering more space than many older city homes. The recent sale history shows consistent value retention, appealing to buyers looking for a stable, no-surprises purchase.
Frequently Asked Questions
1. Is the living space too small for the area?
While below the River Park South average, the home is actually larger than most on its own street. It offers efficient, manageable space that aligns well with the original build period of the community.
2. How does the assessed value compare to recent sale prices?
The current assessed value ($371k) is consistent with the home's last reported sale range of $300k-$350k in early 2023. This suggests the assessment is in line with recent market activity.
3. What does the lot size mean for me?
At 3,348 sqft, the lot is smaller than many in Winnipeg and the neighborhood. This is a advantage for low-maintenance living but may limit expansion possibilities or extensive landscaping.
4. Is the 1979 build date a concern?
The home is older than many in River Park South but is around the city's average age. Buyers should budget for potential updates common to homes of this era, but it also means the neighborhood is established with mature amenities.
5. How can I verify the exact past sale prices?
The provided data shows approximate price ranges. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.
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