Property score
68.2
Good
Overall 68.2 · Older than most nearby homes
1,032 sqft (bottom 42%) · Built in 1972 (6 yrs older than avg)
Located in a high-income area with median household income of ~98k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 2 parks, and 1 sports facility nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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68.2 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: #46110478
$98K
Median household income
$107K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
19%
Single-person households
34%
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
457 Meadowood Drive — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 211 m), 2 parks (nearest 214 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 8% | Top 27% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This 1972 three-level split home at 457 Meadowood Drive is a practical and well-situated property in Winnipeg's Meadowood neighbourhood. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,032 sqft footprint. The home sits on a generous 5,776 sqft lot, which is notably larger than most on its street (ranking in the top 10%), offering ample outdoor potential. With a detached garage and no pool, it presents a low-maintenance exterior profile.
The appeal lies in its established neighbourhood setting and strong value fundamentals. The property’s assessed value is in the top 7% on its street, and it last sold in 2022 for a price that was in the top 12% for the street, indicating a history of solid market performance. It would suit first-time buyers or downsizers looking for a move-in-ready home with a renovated lower level, or investors attracted by the stable area metrics and larger lot size. A thoughtful perspective is that while the home itself is of average size for the area, the combination of the renovated basement and the above-average lot provides a balance of indoor and outdoor utility that isn't always available in this price segment.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While the listing confirms the basement is renovated, specifics on finishes, layout, and whether it includes a separate entrance or bathroom should be verified through a viewing or direct inquiry with the listing agent.
2. How does the larger lot size benefit me?
Beyond simple yard space, a lot in the top 10% for size on the street offers greater privacy, more room for gardening, play areas, or future additions like a shed or deck, and can be a key value-driver in an established neighbourhood.
3. The home was built in 1972. What should I be aware of?
While the basement has been updated, a home of this age may have original components, such as windows, roof shingles, or major systems (heating, electrical), that are nearing or past their typical lifespan. A thorough home inspection is recommended.
4. The last sale was in 2022. Does that matter?
It indicates the current owners have held the property for a relatively short time. Understanding their reason for selling can be useful, but market conditions and prices have also evolved since mid-2022.
5. How does this home compare to others on the street?
The data shows it ranks highly for lot size and assessed value on Meadowood Drive. However, its living area is around the median, and it's an older home on a street with some newer properties. This suggests you are paying a premium for the land and the renovated condition rather than for above-average square footage.
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