Property score
59.1
Fair
Overall 59.1 · 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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59.1 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
450 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 283 m), 3 parks (nearest 232 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 18% | Top 49% | Bottom 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 450 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a compelling case for value-focused buyers. Its primary appeal lies in offering above-average interior space for its immediate area at a below-average assessed value. On Meadowood Drive itself, the home ranks in the top 1% for living area, providing more room than most neighbours. The lot size is also generous for the street. However, when viewed against the wider Meadowood neighbourhood and Winnipeg overall, its assessed value is notably low, ranking in the bottom quartile. This creates an opportunity for buyers seeking a spacious home in an established neighbourhood without a premium price tag.
The property would suit practical buyers, such as first-time homeowners or downsizers, who prioritize interior space and a manageable lot over a new build or a city-wide "average" sized yard. It’s a home for someone who sees value in a well-located, older character property that may benefit from updates, rather than a move-in-ready showcase. A thoughtful perspective is that its lower assessment could suggest a more manageable property tax burden, while its older vintage offers the potential for customization to a new owner's taste.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value for tax purposes doesn't equate directly to market value. This lower assessment likely reflects the home's age, specific condition, and features compared to the broader Winnipeg market, and may result in relatively lower property taxes.
2. How does the living area compare to nearby homes?
Very favourably. Within its immediate area on Meadowood Drive, this home is in the top 1% for living space, meaning it offers more interior square footage than most of its closest neighbours.
3. What does the sold price history indicate?
The home sold between $300,000 and $350,000 in 2024. This placed it in the top 18% of sales on its street, suggesting buyers were willing to pay a market premium over its assessed value, likely due to its size and location.
4. Is the lot size a drawback?
It depends on your priorities. The 4,048 sqft lot is above average for Meadowood Drive but below average for the broader Meadowood neighbourhood. It offers a decent yard without the maintenance of a larger plot, which could be an advantage.
5. How can I find out the exact past sold price?
The exact sale price is not publicly posted. You can request it directly via the email button on the listing page. The service provides the accurate figure manually and does not use your email for marketing.
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