60.4
Fair
Property score
60.4
Fair
Overall 60.4
Smaller than most nearby homes
867 sqft (bottom 6%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~101k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 school nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 7%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
60.4 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: #46110504
$101K
Median household income
$119K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
36%
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
514 Paddington Road — 1 amenities found within 500 m, across 1 categories, including 1 education (nearest 357 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%
Local garbage, recycling, and yard waste pickup schedule for 514 Paddington Road.
Garbage
friday
Recycling
friday
Yard Waste
friday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Bottom 23% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 514 Paddington Road, Winnipeg
Key Characteristics & Buyer Appeal
This 1985-built home in River Park South presents a practical, entry-level opportunity in a well-established Winnipeg neighborhood. Its key characteristic is its modest 867 sqft living area, which is notably smaller than both neighborhood and city averages. This positions the home as one of the more compact and potentially affordable options on Paddington Road, where its assessed value of $349K is close to the street's average.
The appeal lies in its efficiency and relative value. While the lot size is slightly above average for the street, it is more manageable than larger plots common in the wider area, requiring less maintenance. The home's age is a positive, ranking as newer than most in Winnipeg. It would suit first-time buyers or downsizers seeking a lower-maintenance property without leaving a mature neighborhood, or investors looking for a reasonably priced rental in a stable area. A thoughtful perspective is that its smaller size and "around average" value for the street suggest it's a neutral player in its immediate context—not over-improved nor a outlier, which can mean fewer surprises and a straightforward ownership experience.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 867 sqft, the living area is below the averages for River Park South (1,410 sqft) and Winnipeg overall (1,342 sqft). It is among the more compact homes on its own street.
2. How does its value compare to nearby properties?
Its $349K assessed value is very close to the average for Paddington Road (~$364.8K) and slightly below the Winnipeg average. In the broader River Park South neighborhood, this value is considered below average, where homes are often assessed higher.
3. What is the lot size, and is it typical?
The lot is 4,073 sqft. This is slightly larger than the average lot on Paddington Road but smaller than the typical lot in both River Park South and Winnipeg overall, offering a balance of outdoor space without excessive upkeep.
4. When was it last sold, and for how much?
Records indicate a sale between October 2021, with a price in the range of $300,000 to $350,000. Exact sale figures require a manual lookup from the provider.
5. Is the 1985 build date a concern?
The build date is not a standout concern. In fact, it ranks as newer than most homes in Winnipeg and is typical for its street. This suggests major community infrastructure was established by then, and the home is past its initial "shrink-settle" phase.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
