Property score
61.7
Fair
Overall 61.7 · Compared with neighbourhood average
1,040 sqft (top 50%) · Built in 1974 (4 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 1 government office nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Below average
4 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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61.7 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: #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
297 Wales Avenue — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 161 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 18% | Top 14% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 297 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home at 297 Wales Avenue is a well-established property in the Meadowood neighbourhood, built in 1974. With 1,040 sqft of living space and a 5,194 sqft lot, its size is comfortably average for its immediate street and area, offering a manageable scale for many buyers. The standout characteristic is its assessed value of $40,700, which ranks in the top 14% on Wales Avenue and the top 22% in Meadowood. This suggests the property is viewed favorably by assessors relative to its local peers, potentially due to factors like condition, improvements, or lot utility.
The appeal lies in its position as a solid, middle-ground property within a mature community. It suits buyers looking for a home that requires no surprises in terms of size or lot, and who may value a stronger-than-average assessment as a marker of stability or underlying value. It’s a practical choice for first-time homeowners, downsizers, or investors seeking a straightforward property in a neighbourhood with consistent comparables. A thoughtful perspective is that while the home isn’t exceptional in size or newness, its above-average assessment on the street could indicate it’s a well-placed asset within a stable market segment, appealing to those who prioritize financial fundamentals over flashier features.
Frequently Asked Questions
1. What does the "above average" assessed value actually mean for a buyer?
It indicates the municipal property assessment is higher than many neighbours, which can reflect updates, condition, or lot advantages. It doesn't directly set market price, but can be a factor in property tax calculations and may signal perceived value.
2. How does the living area compare to a typical modern home?
At 1,040 sqft, it is smaller than the current city-wide average (~1,342 sqft). It represents a compact, efficient layout common for its era, suitable for smaller households or those seeking lower maintenance.
3. The home sold between $400k-$450k in 2021. Is that price relevant today?
It provides a historical benchmark, but market conditions have likely changed. It's most useful for understanding past value progression rather than determining a current price.
4. What is the significance of the lot size?
At just over 5,000 sqft, the lot is fairly standard for the area. It offers adequate outdoor space without being overly burdensome to maintain, a balance that appeals to many.
5. The home was built in 1974. What should I consider regarding its age?
This places it in the middle range for the neighbourhood. Prospective buyers should focus on the condition and updates of key systems (roof, windows, plumbing, electrical) rather than the year alone, as many homes of this vintage have been renovated.
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