46 Lafortune Bay

Meadowood, Winnipeg

Property score

73.1

Good

Overall 73.1 · Larger and newer than most nearby homes

1,255 sqft (top 21%) · Built in 1985 (7 yrs newer than avg)

Located in a high-income area with median household income of ~94k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby

Living Area

Above average

13% larger than neighborhood avg.

Year Built

Above average

7 yrs newer than neighborhood avg.

Mother tongue

English · 66%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

73.1 is composed by the two sections below.

Property Score

66.9Good
Living Area1,255 sqft66Good
Year Built198573Good
Lot Size4,997 sqft60Fair
Neighbourhood Sales Activity74Good

Community Score

82.3Excellent
Household Income82Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health60Fair

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: #46110599

Community deep dive

$94K

Median household income

$108K

Average household income

12%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

22%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)685
Labour force participation rate62%
Median age41.6
Avg household size2.6
Unemployment rate8%
Population density3605 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households22%
Couple families with children33%
Median household income (2020)$94K

Housing

Renter households28%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)27%
Visible minority35%
Bachelor's or higher (25–64)50%
Mother tongue (1st)English · 65%
Mother tongue (2nd)French · 5%

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

Rankings

Living Area

above average
1,255 sqft
0255075100
Same streetBottom 29%Same areaTop 21%CitywideTop 45%
Same street · Lafortune Bay
#17 / 24
Bottom 29% · Avg 1,484 sqft
Same area · Meadowood
#356 / 1,668
Top 21% · Avg 1,114 sqft
Citywide · Winnipeg
#88,047 / 194,458
Top 45% · Avg 1,342 sqft

Tax-Assessed Value

above average
451k
0255075100
Same streetTop 50%Same areaTop 9%CitywideTop 28%
Same street · Lafortune Bay
#12 / 24
Top 50% · Avg 454.9k
Same area · Meadowood
#151 / 1,668
Top 9% · Avg 375.6k
Citywide · Winnipeg
#54,801 / 194,458
Top 28% · Avg 390.1k

Year Built

above average
1985
0255075100
Same streetTop 13%Same areaTop 12%CitywideTop 29%

Lot Size

around average
4,997 sqft
0255075100
Same streetBottom 17%Same areaBottom 30%CitywideBottom 44%

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

46 Lafortune Bay — 8 amenities found within 500 m, across 5 categories, including 1 dining (nearest 469 m), 1 education (nearest 263 m), 2 healthcare (nearest 450 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare2
🛒Shopping1
🌳Parks3

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 6/2022CA$450k–500k
Sold price

Same street

Top 38%

Same area

Top 4%

City-wide

Top 17%
Sold 6/2020CA$350k–400k
Sold price

Same street

Bottom 12%

Same area

Top 25%

City-wide

Top 40%

Related homes

Highlights & common questions: 46 Lafortune Bay, Winnipeg

Property Overview: 46 Lafortune Bay, Meadowood, Winnipeg

Key Characteristics & Appeal

This 1,255 sqft bungalow, built in 1985, sits on a 4,997 sqft lot in the established Meadowood neighbourhood. Its core appeal lies in its strong positional value. While the home itself is slightly smaller than others on Lafortune Bay, it stands out for its above-average assessed value and newer construction relative to its immediate area and the wider city. This suggests a well-maintained property in a desirable pocket of Meadowood.

The data reveals a thoughtful perspective: this home represents a "sweet spot" of modernized infrastructure for its area without the premium of a maximum-sized lot. It suits practical buyers looking for a solid, move-in-ready foundation in a mature neighbourhood—ideal for downsizers, small families, or investors seeking a property with proven value appreciation, as indicated by its significant sold price increase between 2020 and 2022.

Frequently Asked Questions

1. How does this home's size compare to the neighbourhood?
While the living area is below the street average, it is notably above the average for the broader Meadowood area. This indicates the home offers more interior space than many in the community, but on a street where larger homes are common.

2. What does the assessed value ranking tell me?
The assessment is in the top 9% for Meadowood and top 28% city-wide, which is a strong indicator of the property's perceived worth by the municipal assessor relative to similar homes, often reflecting updates, condition, and desirability.

3. The lot is smaller than others on the street. Is that a concern?
The lot size is below the street average but is typical for Meadowood overall. This often translates to less yard maintenance while still providing decent outdoor space, which can be a practical advantage for many buyers.

4. The home sold in 2020 and again in 2022. What does that history suggest?
The sold price range increased significantly between those two sales, indicating a strong market appreciation during that period. For a precise sold price to understand the exact trend, you can request the information via email on the listing page.

5. Who might this property be a particularly good fit for?
It's an excellent match for buyers who prioritize a home's condition and modern build year over having the largest lot on the block. Its rankings suggest it delivers above-average value for the neighbourhood, making it a efficient entry into a well-regarded area.

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