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 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 4 parks 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
340 Wales Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 222 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 29% | Top 25% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
340 Wales Avenue is a 1973-built bungalow in Winnipeg's Meadowood neighbourhood. At 804 square feet, the living space is notably compact, ranking in the bottom 10% for size both on its street and in the wider area. However, it sits on a 5,202 sqft lot, which is larger than average for Wales Avenue. The home last sold for an estimated $350k–$400k in 2022, and its current assessed value is $34,400.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and affordability within the city. The lot size is a standout feature for the immediate street, offering above-average outdoor space relative to neighbours—a potential blank canvas for gardening, expansion, or future redevelopment. Its assessed value is below average for Meadowood, suggesting a lower property tax burden and a potentially accessible entry point into the Winnipeg market.
This home would suit a specific type of buyer: first-time purchasers or downsizers comfortable with a modest, efficient footprint who prioritize yard space over interior square footage. It could also appeal to an investor or handy buyer looking for a land-value play, willing to update the 53-year-old home or hold the property for its lot potential. The compact size means utility and maintenance costs are likely to be lower, aligning with a practical, budget-conscious lifestyle.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
Assessed value for property tax purposes often lags behind market value and is calculated using mass appraisal techniques. The 2022 sale price reflects what a buyer was willing to pay in the open market at that time.
2. What does the "below average" living area ranking mean for daily life?
With 804 sqft, the floor plan will be efficient and likely has fewer or smaller rooms than many modern homes. It necessitates thoughtful organization and may not comfortably suit a large family or someone needing dedicated home office space.
3. Is the large lot a good opportunity for an addition?
Potentially, yes. The lot size is a key asset. Any expansion would require checking City of Winnipeg zoning bylaws for setbacks, coverage rules, and obtaining the necessary permits.
4. How does the 1973 build year affect the home?
Homes from this era may have original components nearing the end of their service life, such as roofing, windows, or major systems. A thorough inspection is crucial to understand the condition and prioritize updates.
5. What is the neighbourhood (Meadowood) like?
Meadowood is a established residential area in Winnipeg. For specific insights on amenities, schools, and community feel, we recommend visiting the neighbourhood at different times of day and consulting the detailed neighbourhood analysis map linked on the full property page.
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