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
452 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 277 m), 3 parks (nearest 224 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 3% | Bottom 2% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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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