Property score
69.8
Good
Overall 69.8 · Larger and newer than most nearby homes
1,410 sqft (top 11%) · Built in 2020 (42 yrs newer than avg)
Located in a above-average income area with median household income of ~72k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 3 parks, and 1 sports facility nearby
Living Area
Above average
27% larger than neighborhood avg.
Year Built
Above average
42 yrs newer 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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69.8 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
433 Wales Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 308 m), 1 education (nearest 365 m), 3 parks (nearest 121 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 24% | Bottom 45% | Bottom 44% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 433 Wales Avenue in Meadowood presents a distinct profile. Its primary appeal lies in being a modern, above-average-sized home within a neighborhood of mostly older properties. Built in 2020, it is newer than 99% of homes in Meadowood and 97% citywide, suggesting minimal immediate repair needs and contemporary building standards. With 1,410 sqft of living space, it is significantly larger than most comparable homes on its street and in the immediate area, offering more interior room than the typical Winnipeg house.
However, this comes with a notable trade-off: the lot size of 2,601 sqft is well below average for the street, area, and city. This creates a specific dynamic—a spacious, modern home on a compact parcel. It would perfectly suit a buyer prioritizing a low-maintenance, turn-key interior without the desire for extensive yard work or large outdoor space. It’s also a strong fit for those seeking a newer build in an established neighborhood without paying a premium for a large lot. The assessed value is consistently above average for its immediate context, reflecting its modern condition and size.
1. Why is the lot size so much smaller than the neighbors?
The home was built in 2020, much later than the surrounding properties which date back to the 1970s and 80s. This suggests it was likely a new construction on a subdivided lot or a replacement build, a common practice that maximizes living space on available land in mature neighborhoods.
2. How does the sold price from 2020 relate to today's value?
The home sold for an estimated $300k-$350k when new. The current assessed value for taxation purposes is $40,900. It’s crucial to understand that in Manitoba, assessed value is not market value; it is a figure used for calculating property taxes and is typically much lower. Market value would be determined by recent sales of similar homes.
3. Who would this property not be a good fit for?
It would likely not suit buyers looking for extensive garden space, outdoor privacy, or room for additions like a large deck or garage. The below-average lot size is a significant consideration for those valuing land over interior square footage.
4. What does "Elite" or "Top X%" ranking mean for the Year Built?
These rankings compare this home against all others in the defined area. For example, being in the "Top 1%" for year built in Meadowood means it is newer than 99% of homes in that neighborhood, highlighting its rarity as a recent construction in an older area.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value shown (~$390k) includes all property types and values across Winnipeg. The $40.9k assessment for this home is not an outlier; the data shows it is "around average" (Top 36%) when compared to its specific city-wide peer group, indicating the system categorizes and assesses similar homes within a similar range.
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