245 Wales Avenue

Meadowood, Winnipeg

Property score

62.7

Fair

Overall 62.7 · Compared with neighbourhood average

1,079 sqft (top 43%) · Built in 1976 (2 yrs older than avg)

Located in a above-average income area with median household income of ~87k

Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Near average

3% smaller than neighborhood avg.

Taon ng Paggawa

Near average

2 yrs older than neighborhood avg.

Mother tongue

English · 70%French · 5%

Past 10 years Meadowood sales snapshot (~80% of all data)

Sold Count

624

Median price

392.3k

$/sqft

$432/sqft

Avg build year

1978

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Property score

62.7 is composed by the two sections below.

Property Score

58.3Fair
Living Area52
1,079 sqftFair
Taon ng Paggawa67
1976Good
Lupa67
5,195 sqftGood
Neighbourhood Sales Activity74
Good

Community Score

69.4Good
Household Income79
Good
Education Level44
Low
Housing Stress63
Fair
Core Housing Need88
Excellent
Employment Health60
Fair

Istatistika ng benta ng komunidad

Meadowood

How to read: Share of sales in each ~$50k price band for “meadowood” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110480

Community deep dive

$87K

Median household income

$82K

Average household income

9%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

26%

Single-person households

23%

Families with children

Population, labour & age

Population (2021)416
Labour force participation rate65%
Median age44.8
Avg household size2.4
Unemployment rate12%
Population density3200 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households26%
Couple families with children23%
Median household income (2020)$87K

Housing

Renter households9%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)21%
Visible minority17%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 69%
Mother tongue (2nd)French · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

karaniwan
1,079 sqft
0255075100
Same streetTop 35%Same areaTop 43%CitywideBottom 37%
Same street · Wales Avenue
#49 / 139
Top 35% · Avg 1,089 sqft
Same area · Meadowood
#715 / 1,668
Top 43% · Avg 1,114 sqft
Citywide · Winnipeg
#122,648 / 194,458
Bottom 37% · Avg 1,342 sqft

Assessed Value

lampas sa average
393k
0255075100
Same streetTop 30%Same areaTop 32%CitywideTop 40%
Same street · Wales Avenue
#42 / 139
Top 30% · Avg 372.6k
Same area · Meadowood
#537 / 1,668
Top 32% · Avg 375.6k
Citywide · Winnipeg
#78,073 / 194,458
Top 40% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1976
0255075100
Same streetTop 24%Same areaTop 39%CitywideTop 39%

Lupa

karaniwan
5,195 sqft
0255075100
Same streetBottom 37%Same areaBottom 40%CitywideTop 50%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

245 Wales Avenue — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 373 m), 1 healthcare (nearest 497 m), 1 shopping (nearest 322 m).

Search radius
🍽️Dining2
🏥Healthcare1
🛒Shopping1
🌳Parks2
Fuel Stations1
🏛️Government1

Crime & Safety

Meadowood · WPS public data · 2026

Annual incidents

24

2026

vs. city avg

-19%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

58%

Kasaysayan ng Benta

Naibenta 6/2017CA$300k–350k
Presyo ng benta

Parehong kalye

Bottom 21%

Parehong lugar

Bottom 44%

Buong lungsod

Bottom 43%

Related homes

Mga tampok at karaniwang tanong: 245 Wales Avenue, Winnipeg

Property Overview: 245 Wales Avenue, Meadowood, Winnipeg

Key Characteristics & Appeal

This home at 245 Wales Avenue is a well-situated property in Winnipeg's Meadowood neighbourhood, presenting a practical and straightforward opportunity. Built in 1976, it is slightly newer than many of its immediate neighbours, which can be a subtle advantage regarding the potential age of major components. With 1,079 sqft of living space and a 5,195 sqft lot, the property offers standard dimensions for the area, providing a manageable scale for maintenance without feeling cramped.

Its primary appeal lies in its solid positional value within its local context. The assessed value ranks above average for Wales Avenue itself, suggesting it is viewed favourably compared to direct peers. This indicates a property that holds its ground in the immediate market. It would suit first-time buyers seeking an entry point into homeownership with a predictable footprint, or practical-minded investors looking for a stable rental property in an established area. The data suggests a home that doesn’t stand out for sheer size or luxury, but rather for being a competent, average-plus offering on its street—a sensible choice for those prioritizing neighbourhood fit and fundamental value over standout features.


Frequently Asked Questions

1. What does the "above average" assessed value ranking on the street actually mean?
It means that, compared to the roughly 139 similar properties on Wales Avenue, this home's municipal assessed value is in the top 30%. This suggests the city views it as a higher-value property on its specific street, which can be a positive indicator of its relative condition, lot appeal, or improvements.

2. The home was built in 1976. What should I consider given its age?
While newer than the street average, a 50-year-old home will have aging core systems. A key focus should be on the condition and replacement history of major components like the roof, windows, plumbing, and electrical, rather than the build year alone.

3. How does the lot size compare, and what are the implications?
At just over 5,000 sqft, the lot is fairly typical for Meadowood. It's larger than many on the same street but slightly smaller than the citywide average. This translates to a decent backyard space for a family, without the extensive upkeep of a much larger lot.

4. The last recorded sale was between 2017-2025 for $300k-$350k. Why can't I see the exact price?
Exact sale prices in Manitoba are not publicly available through standard online databases. The range is estimated from public records and market data. You can request the precise historical sale price via the email service provided on the listing page.

5. Who would this property NOT be well-suited for?
Buyers seeking a move-in-ready modern home with contemporary open-concept layouts may find the 1970s floor plan and standard living area less appealing. It's also likely not the best fit for those looking for a premium lot size or a property that significantly outperforms citywide averages.