Property score
56.7
Fair
Overall 56.7 · Compared with neighbourhood average
962 sqft (bottom 32%) · 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, 3 parks, and 1 sports facility nearby
Living Area
Below average
14% 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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56.7 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
421 Wales Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 343 m), 1 education (nearest 359 m), 3 parks (nearest 117 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 19% | Top 15% | Top 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 421 Wales Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 421 Wales Avenue is a practical, no-frills property that represents an accessible entry point into Winnipeg’s housing market. Built in 1974, its 962 sqft living area is modest, ranking below average for its immediate street and the wider city, but is quite typical for the Meadowood neighbourhood. The lot size of 5,199 sqft is a notable feature, offering above-average outdoor space for the street itself, which presents potential for gardening, expansion, or simply more private yard space than many nearby homes.
Its primary appeal lies in its value proposition. With a recently sold price indicated between $400k-$450k and a significantly lower assessed value, it suggests a property that may require updates or investment, appealing to buyers comfortable with a project. The home suits first-time buyers seeking a functional starter home with room to grow outdoors, or value-focused investors looking for a rental property with a manageable footprint. A less obvious perspective is its positioning within its community: while the home itself is modest, its lot size and established neighbourhood location offer a sense of space and permanence that can be hard to find in newer, more densely packed subdivisions.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 962 sqft, the living area is slightly smaller than the average home on Wales Avenue (~1,089 sqft) and in Meadowood overall (~1,114 sqft). It offers efficient, compact living space.
2. What does the significant difference between the sold price and assessed value indicate?
The sold price range ($400k-$450k) being higher than the assessed value ($33.30k) is common, as assessed values for tax purposes often lag behind market values. This gap can also reflect recent market conditions, specific property features, or updates not fully captured in the assessment.
3. Is the lot size a advantage?
Yes. The 5,199 sqft lot is larger than the average lot on Wales Avenue (~4,784 sqft). This provides more outdoor space than many immediate neighbours, which is a valuable asset for privacy, recreation, or future landscaping.
4. What type of neighbourhood is Meadowood?
Meadowood is an established, mature neighbourhood with homes primarily from the 1970s and 80s. The property data shows values and home sizes here are generally below the city-wide average, indicating it’s a more affordable, community-focused area.
5. Where can I find more detailed context about nearby properties?
You can use the provided link to open the neighbourhood map analysis. This tool allows you to see this property in direct geographic context with nearby homes, comparing details like year built, lot size, and assessed value visually.
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