Property score
66.2
Good
Overall 66.2 · Smaller than most nearby homes
947 sqft (bottom 28%) · Built in 1976 (2 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 2 dining spots, 1 healthcare facility, 1 park, and 1 sports facility nearby
Living Area
Below average
15% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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66.2 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: #46110478
$98K
Median household income
$107K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
19%
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
27 Homewood Drive — 7 amenities found within 500 m, across 6 categories, including 2 dining (nearest 393 m), 1 healthcare (nearest 334 m), 1 parks (nearest 390 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 | Bottom 14% | Bottom 40% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 40% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 27 Homewood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1976 bungalow in Meadowood presents a distinct value proposition centered on its generous 6,247 sqft lot, which is notably larger than most in the immediate area and across the neighbourhood. While the living space (947 sqft) is modest compared to local averages, the property’s assessed value of $400k is strong for Meadowood, ranking well above the area average. This suggests the value is anchored more in the land and location than in the size of the home itself.
The primary appeal lies in its established, quiet street and the significant potential of its large lot. It suits a specific type of buyer: those looking for an entry point into a stable neighbourhood who are comfortable with a home that may require updates, or a long-term buyer who values outdoor space for gardening, expansion, or future development. It’s a practical choice for downsizers seeking a manageable single-level layout with a sizable yard, or for investors or handy buyers who see the underlying land value and the opportunity to add value through renovation or expansion over time.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (built in 1976), buyers should budget for modernizing key systems like plumbing, electrical, or windows. The interior likely reflects its era, so cosmetic updates would be expected to align with contemporary tastes.
2. Why is the assessed value relatively high for a home of this size?
The assessment reflects more than just living area. Its strong ranking in Meadowood is likely driven by the desirable lot size, the established neighbourhood, and recent sold prices on the street, indicating the land itself holds significant value.
3. How does the lot size compare practically?
At over 6,000 sqft, the lot is a standout feature. It offers ample room for additions like a garage, a large deck, or garden space—options that are more limited on standard-sized lots in the area.
4. What do the past sale prices indicate?
The home sold in the $300k-$350k range in both 2019 and 2022. The current $400k assessment suggests a sharp increase in perceived market value over the past few years, consistent with broader market trends.
5. Is the smaller living area a concern for resale?
While below average in size, the home’s layout and flow will be key. For the right buyer—prioritizing lot size, location, and value over sheer square footage—it remains competitive. Its appeal is niche but clear in a market where large lots are increasingly scarce.
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