Property score
56.9
Fair
Overall 56.9 · Compared with neighbourhood average
1,080 sqft (top 39%) · Built in 1974 (4 yrs older than avg)
Located in a above-average income area with median household income of ~72k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 school, 3 parks, and 1 sports facility nearby
Living Area
Near average
3% 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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56.9 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
448 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 288 m), 3 parks (nearest 238 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 34% | 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: 448 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a distinct value profile on Meadowood Drive. Its primary appeal lies in its efficient use of space; the living area is notably larger than most immediate neighbours (ranking in the top 1% on its street), offering more interior room than typical homes on the block. This makes it a practical choice for those seeking comfortable living space without an oversized footprint.
The property’s assessed value is significantly below average for both the neighbourhood and the city, which often indicates a lower property tax burden and can represent a value-entry point into the area. The lot, at 2,699 sqft, is compact, suggesting lower maintenance and a focus on the home itself rather than extensive yard work.
This home would suit first-time buyers or downsizers looking for a manageable property with above-average interior space for its immediate locale. It’s also a candidate for value-conscious buyers prioritizing lower ongoing taxes and a home that stands out in its direct vicinity for its roominess, rather than competing on lot size. The 1974 build date is relatively newer for the street, potentially implying updates or systems younger than those in surrounding homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including lot size, home features, and recent sales in the area. This home’s below-average valuation likely reflects its smaller lot and may result in proportionally lower property taxes.
2. How does the recent sale price (2022: $250k-$300k) relate to the current assessed value?
The assessed value ($25,200) is not a market price. It is a tax assessment figure, typically a fraction of the home’s estimated market value. The 2022 sale price gives a more accurate historical benchmark for its actual market worth.
3. Is the smaller lot size a major drawback?
It depends on your priorities. The lot is below average in size, which limits expansive outdoor space but also reduces maintenance like mowing and gardening. The trade-off is that the home itself offers more living area than others on the street.
4. What does "Top 1%" for living area on the street actually mean?
It means that, compared to 81 similar homes on Meadowood Drive, this home has more living area than 99% of them. Essentially, it’s one of the roomiest houses on the block in terms of interior square footage.
5. Are homes from 1974 likely to have specific maintenance issues?
Homes from this era are often past the lifespan of original major components like roofs, windows, and furnaces. A key consideration would be the update history of these elements, as well as the potential for older plumbing or electrical systems that may not meet modern demands.
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