Property score
57.7
Fair
Overall 57.7 · Smaller than most nearby homes
809 sqft (bottom 10%) · Built in 1974 (4 yrs older than avg)
Located in a high-income area with median household income of ~98k
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
27% smaller than neighborhood avg.
Year Built
Below average
4 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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57.7 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: #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
371 Meadowood Drive — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 389 m), 1 healthcare (nearest 432 m), 1 shopping (nearest 456 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 39% | Bottom 26% | Bottom 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 371 Meadowood Drive
Key Characteristics & Appeal
This 1974-built home on Meadowood Drive presents a practical and affordable entry point into Winnipeg's housing market. Its key characteristic is its modest scale, with 809 square feet of living space on a 3,149 sqft lot, placing it below the average size for both the neighbourhood and the wider city. This translates to lower utility and maintenance costs, a significant appeal for budget-conscious buyers.
The home’s assessed value is notably low, sitting well below area and city averages. This suggests a potentially attractive property tax burden and an opportunity for buyers focused on fundamentals rather than premium finishes. Its strongest relative feature is its year of construction; on its own street, it ranks in the top 7%, meaning it is one of the newer homes in its immediate cluster, which can be a positive for systems and structure.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, low-overhead asset. Its appeal lies in affordability and simplicity, not size or luxury. A thoughtful perspective is that its smaller footprint and lot offer a manageable outdoor space and encourage a more efficient, clutter-free lifestyle. Its sale history shows steady value increases, indicating stability in its market niche.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced heavily by the home's size, age, and market area. This home's below-average square footage and lot size directly result in a lower assessment compared to larger, more recently built or renovated homes citywide.
2. What does the "Top 7%" ranking for Year Built on its street mean?
This statistic indicates that, among the 81 comparable homes on Meadowood Drive, this 1974-built home is newer than about 93% of them. On its specific street, it is one of the more recently constructed properties.
3. How reliable are the past sold price ranges shown?
The sold price ranges are derived from public data. For the exact historical sale prices, you must request the information directly via the provided email service, as this data is verified and supplied manually.
4. Is the smaller living area a major concern?
It depends on your needs. The living area is compact, which limits furniture arrangements and storage. However, it also means lower heating/cooling costs and less to maintain, which can be a deliberate choice for simplicity or budget management.
5. How does this home compare to the nearby properties listed?
It is very similar in scale and value to 234 Knightsbridge Drive (800 sqft, $29.70k assessed). It is notably smaller and valued lower than the reference property at 82 Willowmeade Crescent (1,152 sqft, $37.80k assessed), highlighting the spectrum of home sizes within Meadowood.
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