Property score
59.8
Fair
Overall 59.8 · Older than most nearby homes
988 sqft (bottom 37%) · Built in 1972 (6 yrs older than avg)
Located in a high-income area with median household income of ~97k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 school, 5 parks, and 1 sports facility nearby
Living Area
Below average
11% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 63%French · 9%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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59.8 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: #46110598
$97K
Median household income
$94K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
21%
Single-person households
31%
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
384 Wales Avenue — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 449 m), 1 education (nearest 427 m), 5 parks (nearest 233 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 32% | Top 29% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
384 Wales Avenue is a 988 sqft bungalow built in 1972, situated on a 5,199 sqft lot in Winnipeg's Meadowood neighbourhood. Its key appeal lies in its position as a practical, no-frills home that offers solid value. The living space is modest but in line with the immediate area, and the lot size is slightly larger than many on its street. The home’s assessed value is notably below average for Meadowood, suggesting a potentially lower property tax burden and an accessible entry point into the market.
This property would suit first-time buyers or practical investors looking for a functional home without premium pricing. Its below-average assessment for the area could be attractive to those mindful of ongoing costs. The 1972 build date means major components like the roof, windows, and mechanical systems are likely at an age where their condition and any updates should be carefully evaluated.
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is significantly below the averages for both Wales Avenue and the broader Meadowood area. This can be due to a variety of factors, including the home's size, condition, and specific market adjustments. A lower assessment often translates to lower property taxes, which is a tangible financial benefit for the owner.
2. How does the 988 sqft living area feel for a family?
At just under 1,000 square feet, the living space is compact. It is comparable to other homes on the street but below the city-wide average. It would suit a small family, a couple, or a single buyer comfortably, but may require creative use of space for larger families or those needing a dedicated home office or multiple living areas.
3. What should I consider about a home built in 1972?
A home of this age may have original or aging components. A thorough inspection is crucial to understand the condition of the roof, foundation, plumbing, electrical systems, and insulation. This isn't necessarily a drawback—many homes from this era are solidly built—but it does mean budgeting for maintenance or updates is a key part of the decision.
4. The sold price in 2024 was between $350k-$400k. What does that tell me?
This recent sale price provides a concrete market benchmark. It shows the home trades at a value-oriented price point for the city. Comparing this sale price to the current assessed value can offer insight into how the market values the property versus the city's assessment for tax purposes.
5. How does the lot size compare, and what are the advantages?
At over 5,000 sqft, the lot is actually larger than many on Wales Avenue and in Meadowood. This provides more outdoor space than is typical for the immediate vicinity, which could be used for gardening, recreation, or future expansion, subject to local zoning regulations.
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