Property score
60.3
Fair
Overall 60.3 · Smaller and older than most nearby homes
892 sqft (bottom 17%) · Built in 1972 (6 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 3 parks nearby
Living Area
Below average
20% 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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60.3 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
425 Meadowood Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 324 m), 3 parks (nearest 338 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 | Bottom 32% | Bottom 10% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 425 Meadowood Drive
Section 1: Key Characteristics & Appeal
This 1972-built home in Meadowood presents a distinct value profile centered on its generous lot. At 5,455 sqft, the property offers one of the larger parcels on Meadowood Drive, ranking within the top 20% locally for land area. This is a notable asset for buyers interested in outdoor space, gardening, or future expansion potential. The living space (892 sqft) is modest and below average for the area, suggesting a home better suited for a first-time buyer, downsizer, or investor. Its most recent sold price (2023, $250k-$300k) and current assessed value ($32,700) are positioned above average for its immediate street but below the broader neighbourhood average, indicating it may be priced accessibly within its micro-location.
The appeal lies in this balance: a smaller, likely more maintainable home on a larger-than-typical lot for the street. It suits practical buyers who prioritize land size over interior square footage, and who see value in a established, mature neighbourhood. A thoughtful perspective is that while the home itself is older and smaller than many in Winnipeg, its standout lot size offers a relative scarcity that doesn’t always reflect in the assessed value, potentially presenting a land-value opportunity.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($32,700) is for municipal tax purposes. The market value, reflected in the 2023 sale price of $250k-$300k, is determined by recent buyer demand and can be significantly different.
2. How does the lot size compare meaningfully?
The 5,455 sqft lot is substantially larger than the street average (~3,753 sqft). This means more private outdoor space and potentially fewer neighbour sightlines than is typical for the immediate area.
3. The home is below average in size for the area. What does that imply?
It typically suggests a simpler, more efficient layout with lower utility costs. Buyers should be prepared for cozy living spaces and prioritize a functional floor plan over spaciousness.
4. Why is the sold price range from 2023 provided instead of an exact figure?
Exact sale prices in Manitoba are not publicly disclosed online. The range is estimated from public data. The exact price can be requested directly from the listing service.
5. The home is over 50 years old. What should I consider?
While the neighbourhood is well-established, the specific condition of major aging components (like roof, windows, plumbing, and electrical systems) will be crucial. A thorough inspection is highly recommended to understand any needed updates or maintenance.
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