Property score
59.3
Fair
Overall 59.3 · Smaller than most nearby homes
924 sqft (bottom 26%) · Built in 1975 (3 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 3 parks, and 1 government office nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Near average
3 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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59.3 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
318 Greenwood Avenue — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 59 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 42% | Top 36% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This 1975 bungalow at 318 Greenwood Avenue in Winnipeg's Meadowood neighbourhood presents a specific value proposition defined by its generous lot and modest home size. Its appeal is rooted in a clear trade-off: a smaller, efficiently sized house on a much larger-than-average parcel of land. The home is well-suited for first-time buyers, downsizers, or value-focused investors who prioritize outdoor space and future potential over immediate square footage.
Key Characteristics & Appeal
The home's 924 sqft living area is notably compact, ranking below average for its street, neighbourhood, and city. This suggests a efficient, likely easier-to-maintain interior layout. The standout feature is the 6,445 sqft lot, which ranks in the top 7% on Greenwood Avenue and the top 17% in Meadowood. This significant outdoor space offers room for gardening, recreation, or future expansion.
Built in 1975, the structure is newer than many on its street, potentially implying fewer concerns with aging core systems found in older homes. The assessed value is consistently around the median compared to local and city-wide averages, indicating a fair market positioning.
The property suits buyers comfortable with a "land value" play. It's ideal for someone who sees the large yard as an asset for family, pets, or a future renovation, rather than viewing the smaller house as a limitation. It also fits a practical downsizer who wants a manageable home without sacrificing private outdoor space.
1. Is the house too small for a family?
While the living area is below average, the layout is key. For a small or young family, the efficient use of space combined with a large yard for play could be a worthwhile trade-off. It depends on your lifestyle and need for indoor versus outdoor space.
2. What does the large lot size mean for me?
Beyond gardening and privacy, a lot this size relative to the house presents long-term potential. It may allow for additions like a garage, workshop, or sunroom, subject to local zoning and permit approvals. It also typically contributes significantly to the property's overall value.
3. The home was last sold between 2022-2025. Why is the exact price not listed?
Exact sale prices are not always publicly available in Manitoba. The range provided is based on public data. You can request the precise sold price via email from the listing service, which manually retrieves and confirms the figure from official records.
4. How does the 1975 build year affect the home?
A home from this era will likely have undergone some updates but may still contain original components like windows, roofing, or plumbing. It's newer than many on the street, which can be positive, but a thorough inspection is recommended to understand the condition of these middle-aged systems.
5. How does this property truly compare to others nearby?
The data shows it's a unique profile on its street: a newer house on a much larger lot, but with less interior space. Compared to the immediate area, you're getting more land but less house. Your personal valuation of that balance will determine if it's the right fit compared to more standard offerings in Meadowood.
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