Property score
57.8
Fair
Overall 57.8 · Compared with neighbourhood average
983 sqft (bottom 33%) · Built in 1976 (2 yrs older than avg)
Located in a above-average income area with median household income of ~72k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 4 parks, and 1 sports facility nearby
Living Area
Below average
12% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 60%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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57.8 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: #46110597
$72K
Median household income
$82K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
29%
Single-person households
22%
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
389 Wales Avenue — 8 amenities found within 500 m, across 5 categories, including 1 dining (nearest 457 m), 1 education (nearest 374 m), 4 parks (nearest 188 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 6% | Top 7% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 389 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a solid, mid-century property with clear strengths in its immediate area. Built in 1976, the house is slightly newer than many on its street and in Meadowood overall, which can be a positive for foundational components. With 983 sqft of living space, it offers a practical footprint that is very typical for the local area, though more compact compared to the Winnipeg city average.
The primary appeal lies in its strong relative value within its micro-market. The assessed value ranks well above average for both Wales Avenue and the broader Meadowood area, suggesting it is viewed favorably compared to its closest peers. The lot size of 5,198 sqft is also generous for the street, offering good outdoor space. Recent sale data indicates it transacted in the upper tier of the market in 2022. This profile suits first-time buyers or downsizers looking for a well-positioned, no-fuss property in a stable neighbourhood, where the investment holds strong against immediate comparables.
A thoughtful perspective is that this home appears to be a "big fish in a small pond"—its metrics are most impressive when compared to its direct neighbours rather than the city at large. This indicates a purchase here is an investment in a specific, desirable pocket of Meadowood.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 983 sqft, the living area is very close to the average for both Wales Avenue and the Meadowood neighbourhood, making it a typical layout for the area. It is, however, notably smaller than the average Winnipeg home.
2. What does the above-average assessed value ranking mean?
The home's assessed value ranks in the top 26% in Meadowood and top 17% on its street. This generally indicates the property is assessed at a higher value than most in its immediate peer group, which can reflect factors like condition, updates, or lot desirability.
3. When was it last sold and for roughly how much?
The property was sold in 2022. Public data shows a sale price range of CA$450,000–500,000, which placed it in the top 7% of sales for the Meadowood area at that time.
4. Is the lot size a feature?
Yes. The 5,198 sqft lot is larger than the average lot on Wales Avenue and for the Meadowood area, providing more private outdoor space than many neighbouring properties.
5. How can I find out the exact historical sale price?
The exact sold price is not published in the public data. You can request it directly via the provided email service, which manually retrieves and shares the precise figure from official records.
