67.6
Good
Property score
67.6
Good
Overall 67.6
Smaller than most nearby homes
1,084 sqft (bottom 29%)
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, 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
23% 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
67.6 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: #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
534 Paddington Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 334 m), 1 parks (nearest 493 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 534 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 26% | Bottom 38% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 534 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1985-built home on Paddington Road presents a solid, mid-sized option in the established River Park South neighborhood. With 1,084 sqft of living space, it sits comfortably around the average for its street and the wider city, but is notably more compact than many homes in its immediate neighborhood. The assessed value of $406k is strong for the street, ranking in the top 20%, indicating it is viewed favorably compared to its closest peers.
The appeal here is one of balance and efficiency. The lot size is modest, especially compared to neighborhood and city averages, which translates to less yard maintenance—a potential plus for downsizers or those seeking a simpler lifestyle. Its construction year is above average city-wide, suggesting a relatively newer build within Winnipeg's housing stock. This property doesn't lead on sheer size, but offers a well-positioned, manageable home on a street where it holds its value well. It would suit first-time buyers looking for an entry point into a stable area, or practical-minded owners seeking a low-maintenance property without compromising on location or perceived value.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,084 sqft, the living area is very close to the average for Paddington Road itself. However, it is below the average for the broader River Park South neighborhood, where homes tend to be larger. This makes it a more efficient, potentially easier-to-maintain option on the street.
2. Is the assessed value of $406k reasonable for the area?
The assessment is above the street average, ranking in the top 20% on Paddington Road. This suggests the property has characteristics or conditions that are assessed more highly than many of its immediate neighbors, while being closer to the average for the neighborhood and city.
3. What does the lot size mean for me?
The lot is 4,073 sqft, which is average for the street but below average for the neighborhood and city. This typically means a smaller yard, which requires less maintenance but also offers less private outdoor space.
4. The home sold in 2020. Can I find out the exact price?
The provided data shows a sold price range of CA$350k–400k. To obtain the exact sale price and full transaction history, you must request a manual lookup from the site via email, as they do not display MLS records directly.
5. What are the less obvious considerations with a property like this?
Given its above-average assessed value on a street of similar-aged homes, it would be prudent to understand what specific features or updates contribute to that valuation. Additionally, the modest lot size could be a long-term advantage for lower upkeep costs, but it's worth considering if the outdoor space meets your needs, especially compared to the larger lots commonly found in the rest of River Park South.
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.
