Property score
53.5
Fair
Overall 53.5 · Smaller than most nearby homes
720 sqft (bottom 3%) · Built in 1974 (4 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 2 dining spots, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 59%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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53.5 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: #46110479
$94K
Median household income
$111K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
12%
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
331 Meadowood Drive — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 310 m), 1 healthcare (nearest 392 m), 1 shopping (nearest 345 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 21% | Bottom 6% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 331 Meadowood Drive
Section 1: Key Characteristics & Appeal
This home at 331 Meadowood Drive is a compact, efficiently sized property built in 1974. Its primary characteristic is its modest scale: with 720 sqft of living space and a 3,148 sqft lot, it is notably smaller than most homes in the wider Meadowood area and Winnipeg overall. This is reflected in its below-average assessed value for the city, which sits at $28,500.
The appeal lies in its position as an accessible entry point into the established Meadowood neighbourhood. For its street, the home’s assessed value and lot size are around average, and it is actually newer than most houses on Meadowood Drive. This suggests a well-kept, lower-maintenance option on a street of similar properties. The low property tax burden, inferred from the assessed value, is a significant practical advantage.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, affordable holding in a mature neighbourhood. It’s for those who prioritize location and financial efficiency over space, and who see the potential in a smaller, manageable footprint. A thoughtful perspective is that this home represents a "value anchor" on its block—it offers the neighbourhood benefits without the premium for size, which can be ideal for someone looking to build equity gradually or minimize ongoing costs.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the home's relatively small size (both living area and lot) compared to the Winnipeg average. It is more in line with values on its immediate street and is typical for a home of this scale in the area.
2. What does it mean that the home is "newer" than most on its street?
Built in 1974, this house is among the top 7% newest on Meadowood Drive. This can imply potentially fewer major age-related issues (like outdated wiring or plumbing) compared to older neighbours, which is a less obvious but valuable consideration.
3. How accurate are the sold price ranges shown?
The sold price ranges are estimates based on public data. To obtain the exact historical sale price, you must request it via the provided email service, which manually confirms the figure.
4. Is the small lot size a disadvantage?
While the lot is below average for the broader area, it is near the median for Meadowood Drive itself. This typically means lower yard maintenance and can be a benefit for those not seeking extensive outdoor space. It's consistent with the home's overall theme of efficiency.
5. Who would this property not be suitable for?
It would likely not suit growing families needing multiple bedrooms and more living space, or buyers who prioritize large private yards, extensive renovation projects, or a home at the upper end of area comparables. The data clearly shows it is one of the smaller properties available.
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