Property score
62.7
Fair
Overall 62.7 · Compared with neighbourhood average
1,077 sqft (top 43%) · Built in 1974 (4 yrs older than avg)
Located in a above-average income area with median household income of ~72k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 4 parks, and 1 sports facility nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Below average
4 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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62.7 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: #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
405 Wales Avenue — 8 amenities found within 500 m, across 5 categories, including 1 dining (nearest 401 m), 1 education (nearest 360 m), 4 parks (nearest 143 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 37% | Top 34% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 405 Wales Avenue in Meadowood presents a compelling mix of established neighbourhood character and standout lot size. Built in 1974, its 1,077 sqft living space is typical for the area, offering a practical layout for everyday life. The true distinguishing feature is the land: at over 8,000 sqft, the lot is exceptionally large for the street, ranking in the top 2% locally. This provides rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The assessed value is notably above average for the immediate area, suggesting the property is well-regarded in official valuations.
Its appeal lies in this land-to-house ratio, offering a suburban sense of space within the city. It suits buyers looking for a solid, no-fuss home where the value is firmly in the ground itself—ideal for those with long-term plans who may prioritize yard space over a recently built structure. It’s a property for someone who sees a larger lot as a foundation for future enjoyment or investment, rather than just the current footprint of the house.
Frequently Asked Questions
How does the lot size compare to typical properties?
The lot is a key feature. At 8,057 sqft, it is significantly larger than most on the street (ranking 3rd largest out of 139) and in the wider Meadowood area, placing it in the top 8%. This is a primary asset of the property.
Is the home’s assessed value higher than others nearby?
Yes. With an assessed value of $42,200, it ranks above average for Wales Avenue (top 9%) and the Meadowood neighbourhood (top 15%). This often reflects a combination of the lot size, condition, and improvements relative to nearby homes.
When was it last sold and for what price?
Public records indicate a sale between 2019–2020, with a price range of CA$350k–400k. For the exact sale price, you can request the information directly via the listing page.
What is the home’s living space like compared to the area?
At 1,077 sqft, the living area is very close to the average for similar homes on Wales Avenue (~1,089 sqft) and in Meadowood (~1,114 sqft). It offers a standard amount of interior space for the community.
Are there similar properties nearby to compare it to?
The listing notes nearby homes on the same street for location comparison, and also lists properties in other neighbourhoods with identical assessed values for financial comparison. A detailed neighbourhood analysis map is available for deeper insight into local trends.
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