Property score
54.5
Fair
Overall 54.5 · Smaller and older than most nearby homes
804 sqft (bottom 7%) · 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
28% 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
265 Wales Avenue — 7 amenities found within 500 m, across 5 categories, including 2 dining (nearest 415 m), 1 shopping (nearest 389 m), 2 parks (nearest 89 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 26% | Top 21% | Top 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 265 Wales Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 265 Wales Avenue is a compact, single-family property built in 1973, situated on a generous 5,194 sqft lot in Winnipeg's Meadowood neighbourhood. Its key characteristic is its modest 804 sqft living area, which is notably smaller than most comparable homes on its street, in the area, and across the city. This is balanced by a lot size that is above average for its immediate street and in line with the neighbourhood average.
The primary appeal lies in its value proposition and potential. With a recently sold price in the $350k-$400k range and a relatively low assessed value, it presents an accessible entry point into the Winnipeg market. The above-average lot size for the street offers valuable outdoor space and future potential that the current, smaller home footprint does not fully utilize. This property would best suit first-time buyers, investors, or downsizers seeking a lower-cost footprint with the land to potentially expand or renovate in the future. It’s a practical choice for those who prioritize lot size and location over immediate living space, viewing the existing house as a solid foundation to build upon rather than a finished product.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 804 sqft, the living space is significantly below the average for comparable homes in Meadowood (~1,114 sqft). It would suit a single person, a couple, or a very small family comfortable with efficient living, but may feel cramped for those needing multiple dedicated rooms or ample storage.
2. What does the sold price range tell me?
The $350k-$400k sale in 2024 suggests the market valued it significantly higher than its assessed value (approx. $35.7k), which is common. The price reflects a premium for the lot and location, indicating buyers saw value beyond the current structure's size and condition.
3. How does the lot size compare?
The 5,194 sqft lot is a key asset. It's larger than the average lot on Wales Avenue and typical for Meadowood. This provides good outdoor space and is a positive factor for future enjoyment or potential expansion, setting it apart from homes on smaller parcels.
4. Are the property taxes likely to be low?
Based on the provided assessed value, the municipal tax base would be relatively low. However, buyers should note that taxes are ultimately based on the mill rate and the final purchase price, which was much higher than the assessment.
5. What are the less obvious considerations?
A home from 1973 will likely require updates to major systems like roofing, plumbing, or windows. Furthermore, its smaller size and below-average rankings for living area suggest it may not appreciate at the same rate as larger homes in the area unless it is modernized or expanded to better utilize its lot.
