Property score
57.0
Fair
Overall 57.0 · Smaller and older than most nearby homes
624 sqft (bottom 1%) · Built in 1982 (8 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 2 schools, and 2 parks nearby
Living Area
Below average
56% smaller than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 72%French · 4%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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57.0 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: #46110496
$106K
Median household income
$114K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
17%
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
55 Paddington Road — 4 amenities found within 500 m, across 2 categories, including 2 education (nearest 265 m), 2 parks (nearest 245 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%
55 Paddington Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Paddington Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 1982-built home presents a distinct profile defined by its modest 624 sqft living area, which is notably compact compared to most homes on its street, in the River Park South neighborhood, and across Winnipeg. Its primary asset is the 5,301 sqft lot, which ranks in the top 4% on Paddington Road, offering significantly more outdoor space than the street average. With an assessed value of $369k—positioning it around the average for both its street and the city—the property represents an entry point into a stable area. Its appeal lies in this land-to-structure ratio, suggesting potential for expansion, gardening, or outdoor living that is rare for the price point in this locale.
This home would best suit a pragmatic, value-oriented buyer. This includes first-time purchasers or downsizers who prioritize land ownership and future flexibility over immediate square footage. It’s also a potential fit for investors or renovators who see the underlying value in the generous lot and are prepared to update or enlarge the existing structure. It is less suited for those seeking a move-in-ready home with ample interior space.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
The data confirms this home’s living area is well below local averages. This typically indicates a more compact original design, possibly a bungalow or specific model built with a focus on efficient use of space, making the generous lot size a standout compensating feature.
2. Is the assessed value of $369k fair given the small size?
The assessment appears to balance the below-average living space with the above-average lot size for the street. Its value ranking is average on the street and city-wide, suggesting the official assessment has factored in both the limitation and the asset of the land.
3. What can I do with such a large lot relative to the house?
The lot is the property’s key feature. Owners often utilize such space for large gardens, adding a shed or garage, creating extensive outdoor entertainment areas, or, subject to zoning and permits, planning a future addition to the home.
4. How can I get the exact sale history for this property?
The site does not display full transaction histories publicly. You can request exact sold prices and history by emailing via the "Request exact figures by email" option on the property page. They provide this data manually.
5. How does the year built (1982) affect this home?
Built around the average for its street, the home is from an era of standard construction practices for Winnipeg. Buyers should budget for updates common to homes of this age, such as windows, roofing, or mechanical systems, while acknowledging it’s not a historic or brand-new build.
