Property score
70.2
Good
Overall 70.2 · Larger and newer than most nearby homes
1,400 sqft (top 12%) · Built in 2021 (43 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
26% larger than neighborhood avg.
Year Built
Above average
43 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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70.2 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
437 Wales Avenue — 8 amenities found within 500 m, across 6 categories, including 1 dining (nearest 297 m), 1 education (nearest 369 m), 3 parks (nearest 127 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 13% | Top 11% | Top 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 40% | Top 35% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 437 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home stands out in its neighbourhood for being exceptionally modern, built in 2021. Its 1,400 sqft of living space is notably above average for both the immediate street and the broader Meadowood area, offering more interior room than most nearby homes. The property’s assessed value ranks in the top tier locally, suggesting it is viewed as a premium asset on its street.
The appeal lies in acquiring a like-new build in an established area, bypassing the immediate need for major repairs or updates common with older stock. It suits buyers prioritizing move-in readiness, modern building standards, and efficient use of interior space over a large yard, as the lot size is smaller than typical for the area. A thoughtful perspective is that this property represents a trade-off: you gain a contemporary, low-maintenance home but with less outdoor private space compared to neighbours—a sensible choice for those who value their time and indoor living.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the 2,600 sqft lot is below average for the area, it translates to less yard maintenance. This can be a practical benefit for busy professionals or those not seeking extensive gardening, though it may limit expansion potential or private outdoor activities.
2. Why is the assessed value so high relative to nearby homes?
The "Elite" ranking on the street is primarily driven by the home's new construction. Assessed value reflects factors like age, size, and condition, so a 2021 build naturally commands a higher valuation than the area's older average homes from the 1970s and 80s.
3. What does the sold price history indicate?
The home sold in the $400k-$450k range in 2022 and $350k-$400k in 2021. This shows significant appreciation in a short time, reflecting strong initial demand for a new build. It’s important to note these are pre-construction or early resale prices, not necessarily reflective of the current market.
4. Who would this property not suit?
It may not be ideal for buyers seeking a large garden, extensive outdoor space, or those looking for a "fixer-upper" or renovation project. The premium for its new condition is already factored into its value.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them via email from the listing service, which provides them manually without using your email for unsolicited marketing.
