67.2
Good
Property score
67.2
Good
Overall 67.2
Smaller than most nearby homes
980 sqft (bottom 18%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~131k
Transit 82.0
2-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
31% 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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67.2 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
575 Paddington Road — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 266 m), 1 parks (nearest 362 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 12% | Top 42% | Top 32% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 38% | Bottom 30% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 575 Paddington Road, Winnipeg
Key Characteristics & Buyer Profile
This 1985-built home in River Park South presents a practical and straightforward opportunity. At 980 square feet, it offers a manageable living space that is typical for its street but sits below the neighborhood and city averages, suggesting a more compact and efficient layout. Its assessed value of $386,000 is competitive, aligning closely with the Winnipeg average and representing a relative value within its own neighborhood, where average values are higher. The lot size, while around average for Paddington Road, is smaller than most in River Park South.
The appeal lies in its position as a well-priced entry point into an established neighborhood. It suits first-time buyers or downsizers seeking a lower-maintenance property without sacrificing access to community amenities. A thoughtful perspective is that its "around average" metrics on its own street indicate a home that fits comfortably within its immediate context, potentially offering more predictability and less pressure to over-improve compared to a standout property. Its recent sale history shows steady appreciation, moving from the $300k-$350k range in 2020 to $400k-$450k in 2023, reflecting solid market movement.
Frequently Asked Questions
1. Is the living area too small?
At 980 sqft, the home is smaller than the neighborhood average. This makes it efficient and easier to maintain, but buyers should ensure the layout meets their spatial needs, especially if working from home or with a growing family.
2. How does the assessed value compare to likely selling price?
The assessed value is $386k. Recent sales data shows it sold for between $400,000 and $450,000 in late 2023, indicating the market value recently exceeded its assessment. A current market evaluation is recommended.
3. What does the lot size mean for outdoor space?
The 4,181 sqft lot is smaller than many in River Park South but is actually slightly larger than the average lot on Paddington Road itself. It provides yard space but may limit extensive additions or sprawling outdoor features.
4. Is the home older or newer for the area?
Built in 1985, it is older than the neighborhood average (1990) but is newer than the average Winnipeg home. On its own street, its build year ranks in the top 15%, making it one of the newer homes in that specific section.
5. Where can I get exact historical sale prices?
The site provides sold price ranges. Due to industry rules, exact MLS sale figures are not published here. You can request the exact historical sold prices via email from the site provider for verified details.
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