Property score
59.7
Fair
Overall 59.7 · Smaller than most nearby homes
845 sqft (bottom 14%) · Built in 1975 (3 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 healthcare facility, 2 shops, and 2 parks nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 59%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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59.7 is composed by the two sections below.
Property Score
Community Score
Meadowood
How to read: Share of sales in each ~$50k price band for “meadowood” (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: #46110479
$94K
Median household income
$111K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
12%
Single-person households
34%
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
256 Wakopa Street — 9 amenities found within 500 m, across 6 categories, including 2 dining (nearest 307 m), 1 healthcare (nearest 441 m), 2 shopping (nearest 249 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 22% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
256 Wakopa Street is a 845 sqft bungalow built in 1975, situated on a 5,498 sqft lot in Winnipeg's Meadowood neighbourhood. The home presents a specific value proposition, defined by its compact size and below-average municipal assessment, which positions it distinctly within its local market.
This property’s primary appeal lies in its affordability and manageability. With a living area significantly smaller than most homes on its street and in the broader city, it is not a typical family-sized home. Instead, it suits first-time buyers, downsizers, or investors seeking an entry point into the Winnipeg market with lower property taxes (based on its $36,500 assessed value). The lot size is fairly standard for Meadowood, offering adequate outdoor space without being overwhelming.
A thoughtful perspective is its "middle-of-the-pack" positioning within the wider Meadowood area for key metrics like assessed value and year built. This suggests it aligns with the neighbourhood's core character rather than standing out as an outlier, potentially offering stability. Its sale in the $350k-$400k range in 2023, which ranked highly within the local area, indicates that its practical value in a liveable neighbourhood can outweigh its statistical shortcomings on paper.
Ideal Buyer Profile: This home would best suit a minimalist, a budget-conscious first-time buyer comfortable with a cozy layout, or an investor looking for a straightforward rental property. It is less suited for those requiring ample indoor space or seeking a premium, modern build.
1. Why is the living area so much smaller than neighbouring homes?
At 845 sqft, this is a compact bungalow. The data shows it is among the smallest homes on Wakopa Street, which is lined with larger properties. This is the defining characteristic of the home and the main driver of its lower assessed value.
2. How can the assessed value be so much lower than the city-wide average?
The city-wide average assessed value includes all property types and sizes across Winnipeg. This home’s assessment reflects its smaller size and older age. It's more instructive to note that its assessment is near the average for the Meadowood area itself.
3. What does the 2023 sale price tell us about its market value?
The home sold for an estimated $350,000-$400,000, which placed it in the top 22% of sales for the Meadowood area at that time. This suggests that while its physical attributes are modest, its desirability in a practical, established neighbourhood supported a strong sale price.
4. Is the lot size a positive feature?
The 5,498 sqft lot is slightly below average for the street but very typical for Meadowood. It provides a decent yard space that is manageable without requiring excessive maintenance, which can be a plus for the target buyer.
5. How does the year built (1975) affect this property?
Built 51 years ago, the home is older than most on its street but typical for the neighbourhood and city. Buyers should budget for potential updates common to houses of this era, but its age is not unusual for the area.
