63.6
Fair
Property score
63.6
Fair
Overall 63.6
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 ~131k
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
39% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 67%French · 6%
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: #46110501
$131K
Median household income
$142K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
2.9
P90 / P10 ratio
11%
Single-person households
49%
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
551 Paddington Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 262 m), 1 parks (nearest 398 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 20% | Bottom 43% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Paddington Road, Winnipeg
Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and competitively positioned entry point into the Winnipeg market. With 867 sqft of living space, it is notably compact compared to area averages, suggesting a efficient, low-maintenance layout. Its primary appeal lies in its value proposition: the assessed value of $389k is above average for Paddington Road itself and aligns closely with the citywide average, indicating a fair valuation within its immediate streetscape. The lot size is also generous for the street.
The property would suit first-time buyers, downsizers, or investors seeking a straightforward home in an established neighborhood without a premium for excess space. A thoughtful perspective is that its smaller size and older—yet not outdated—build year could mean lower utility costs and a simpler renovation canvas compared to larger, newer homes. Its appeal is grounded in fundamentals rather than luxury, offering a chance to build equity in a stable community.
Frequently Asked Questions
1. Is the living area too small?
At 867 sqft, the home is significantly smaller than the neighborhood (1,410 sqft) and city averages. It is best suited for individuals, couples, or small families who prioritize efficient living and lower maintenance over spaciousness.
2. How does the assessed value compare?
The $389k assessment is strong for its specific street, ranking in the top 30%. It is near the citywide average, suggesting the valuation is reasonable and not inflated relative to the broader market.
3. What does the year built (1985) indicate?
Built in 1985, the home is newer than the average Winnipeg house. On its street, it ranks in the top 15% by build year, meaning it’s among the newer homes in the immediate area, which may imply more modern construction standards than older counterparts.
4. Are the sold price estimates reliable?
The displayed sold price range (CA$350k–400k) is based on public data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. How does the lot size compare?
The 4,348 sqft lot is above average for Paddington Road but below the neighborhood average. This means you get a relatively generous yard for the street itself, though not as large as some lots in wider River Park South.
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