Property score
66.4
Good
Overall 66.4 · Older than most nearby homes
960 sqft (bottom 32%) · Built in 1972 (6 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, 1 sports facility, and 1 place of worship nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Below average
6 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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66.4 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
42 Pembridge Bay — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 183 m), 2 parks (nearest 228 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%
42 Pembridge Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1972-built home with a living area of roughly 960 square feet—slightly below average for its street, neighbourhood, and city. The standout feature is the land: at 9,467 square feet, the lot ranks in the top 7% citywide and top 4% on its street. The assessed value of $415,000 is well above the local average, placing it in the top 2% on Pembridge Bay and top 18% in Meadowood.
The appeal here is less about the house itself and more about the property as a whole. Buyers are paying for land, not square footage. The home’s modest interior might feel dated or cramped to some, but the large lot offers potential for expansion, landscaping, or simply space that most nearby properties lack. This property would suit someone who values outdoor space and is willing to compromise on interior size—perhaps a gardener, a small family wanting room for kids to play, or someone planning a future renovation or addition. It’s less suited to buyers seeking a turnkey, move-in-ready home with generous living space.
1. What does “Elite” mean next to the land area and assessed value?
It’s a label indicating those figures are notably strong relative to other properties. For the land area, being in the top 7% citywide is considered elite. For assessed value, the $415k figure is also elite compared to the street and neighbourhood averages.
2. Why is the assessed value high if the living area is below average?
Assessed value reflects the total property—land plus structure. A large lot in a desirable area can significantly drive up valuation, even if the house itself is modest. In this case, the land is the primary asset.
3. How old is the home, and what condition should I expect?
Built in 1972, it’s over 50 years old. Many homes from this era have original or partially updated interiors. You should budget for possible updates to mechanical systems, windows, roofing, and finishes unless recently replaced. Always get a home inspection.
4. How does this property compare to others on Pembridge Bay?
It has the highest assessed value on the street (top 2%) and the fourth-largest lot (top 4%), but its living area ranks near the middle. So you’re getting a premium lot and value, but a smaller-than-average house for the street.
5. Is the neighbourhood good for families or investors?
Meadowood is a residential area in Winnipeg with a mix of older and newer homes. For families, the large lot is attractive, and the area has parks and schools. For investors, the land value offers long-term appreciation potential, but the smaller living area may limit rental income compared to larger homes in the same price range.
