452 Meadowood Drive

Meadowood, Winnipeg

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)

Sold Count

624

Median price

392.3k

$/sqft

$432/sqft

Avg build year

1978

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Property score

59.1 is composed by the two sections below.

Property Score

54.4Fair
Living Area1,080 sqft52Fair
Year Built197458Fair
Lot Size4,033 sqft53Fair
Neighbourhood Sales Activity74Good

Community Score

66.1Good
Household Income72Good
Education Level72Good
Housing Stress42Low
Core Housing Need63Fair
Employment Health52Fair

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110597

Community deep dive

$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

Population, labour & age

Population (2021)1,107
Labour force participation rate52%
Median age39.2
Avg household size2.5
Unemployment rate6%
Population density3459 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households29%
Couple families with children22%
Median household income (2020)$72K

Housing

Renter households62%
Condominium dwellings5%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)37%
Visible minority44%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 59%
Mother tongue (2nd)French · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
1,080 sqft
0255075100
Same streetTop 1%Same areaTop 39%CitywideBottom 37%
Same street · Meadowood Drive
#1 / 81
Top 1% · Avg 964 sqft
Same area · Meadowood
#653 / 1,668
Top 39% · Avg 1,114 sqft
Citywide · Winnipeg
#121,563 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

below average
270k
0255075100
Same streetBottom 26%Same areaBottom 3%CitywideBottom 22%
Same street · Meadowood Drive
#60 / 81
Bottom 26% · Avg 295.5k
Same area · Meadowood
#1,620 / 1,668
Bottom 3% · Avg 375.6k
Citywide · Winnipeg
#152,093 / 194,458
Bottom 22% · Avg 390.1k

Year Built

above average
1974
0255075100
Same streetTop 7%Same areaBottom 37%CitywideTop 42%

Lot Size

around average
4,033 sqft
0255075100
Same streetTop 35%Same areaBottom 24%CitywideBottom 26%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

452 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 277 m), 3 parks (nearest 224 m).

Search radius
🏫Education1
🌳Parks3
💪Sports1

Crime & Safety

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%

Sales History

Sold 11/2016CA$200k–250k
Sold price

Same street

Bottom 3%

Same area

Bottom 2%

City-wide

Bottom 16%

Related homes

Highlights & common questions: 452 Meadowood Drive, Winnipeg

Property Overview: 452 Meadowood Drive, Winnipeg

Key Characteristics & Appeal

This 1,080 sqft bungalow, built in 1974, presents a compelling mix of above-average interior space and a below-average tax assessment. Its primary appeal lies in this efficient use of square footage; the living area ranks in the top 1% on its own street and is notably larger than many direct neighborhood comparables. This suggests a home that may feel more spacious inside than its unassuming exterior or lot size (4,033 sqft) might imply.

The property’s assessed value of $270,000 is significantly lower than both the city-wide and area averages for similar homes. This creates an interesting value proposition: you acquire a home with generous interior space for the street, while likely benefiting from relatively lower property taxes. The lot, while smaller than the city average, is consistent with others on Meadowood Drive.

This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize living space and tax efficiency over a large yard. It’s for someone who sees the advantage in a home that outperforms its immediate peers in key, usable metrics without a premium price tag.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessment values are based on a mass appraisal system and consider many factors, including recent sales of comparable properties, home features, and location. A lower assessment than the city-wide average often translates to lower annual property taxes, which can be a significant long-term saving.

2. How does the living area rank so highly if the home is average-sized overall?
The rankings are contextual. This home’s living area is elite for its specific street (Meadowood Drive), where comparable homes average just 964 sqft. It becomes average when compared to the broader Meadowood neighborhood and city, indicating the immediate area consists of more compact homes.

3. What does the sale history indicate?
The home sold between $200,000-$250,000 in 2016. This historical price, combined with the current assessed value, provides a benchmark for its market trajectory. The exact sale price is available upon request.

4. Is the smaller lot size a concern?
At 4,033 sqft, the lot is typical for Meadowood Drive but below the neighborhood and city averages. This means smaller outdoor maintenance, which can be an advantage for some, but may limit expansion possibilities. It’s consistent with the community’s character.

5. What are the implications of the home being built in 1974?
Built 52 years ago, this home is newer than most on its street but average for the area. Buyers should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems, while also appreciating the potential for well-established landscaping and a mature neighborhood feel.

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