Property score
54.5
Fair
Overall 54.5 · Smaller and older than most nearby homes
896 sqft (bottom 18%) · Built in 1973 (5 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 shop, 2 parks, and 1 fuel station nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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54.5 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: #46110480
$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
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
261 Wales Avenue — 7 amenities found within 500 m, across 5 categories, including 2 dining (nearest 406 m), 1 shopping (nearest 375 m), 2 parks (nearest 91 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%
261 Wales Avenue: 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: 261 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1973 one-storey home sits on a generous 5,194 sqft lot in the established Meadowood neighbourhood. Its key features include a renovated basement and a detached garage. The appeal of this property lies in its balance of space and value. The lot size is notably above average for the street and area, offering room for gardening, play, or expansion. While the 896 sqft living area is compact, the renovated basement provides crucial additional functional space, effectively increasing the home's usable square footage without a premium price tag.
This home would suit first-time buyers seeking an entry point into a stable neighbourhood with room to grow, or practical downsizers looking for single-level living with a manageable yard and updated elements. It also presents a solid opportunity for value-conscious investors or buyers who prioritize land size over a large interior footprint, seeing potential in the lot itself. The property’s assessed value is firmly mid-range for the area, suggesting a purchase price that reflects its condition and size without the premium of a fully modernized or expanded home.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 5,194 sqft lot is a standout feature, ranking in the top 31% on Wales Avenue and the top 40% in the wider Meadowood neighbourhood. It is significantly larger than many nearby properties.
2. What does the "renovated basement" typically mean for a home of this era?
In a 1973 home, a renovated basement often means updated finishes and a converted space for living or utility, but buyers should verify the scope of work, permits, and the condition of foundational elements like plumbing and electrical.
3. Is the living space sufficient for a small family?
At 896 sqft above grade, the main floor is compact. Suitability depends on layout and the family's needs. The renovated basement is key, as it likely provides essential extra space for a family room, office, or additional bedrooms.
4. How does the assessed value relate to the likely selling price?
The assessed value of $37,100 is for municipal tax purposes. The selling price is market-driven and can be higher or lower, but it provides a benchmark. Comparable nearby listings have assessed values ranging from roughly $30k to $48k.
5. What is the neighbourhood character of Meadowood?
Meadowood is a mature, established area with homes primarily from the 1970s and 80s. The property rankings indicate a mix of lot and home sizes, suggesting a varied, unpretentious streetscape without extreme highs or lows in property scale.
