Property score
70.2
Good
Overall 70.2 · Larger and newer than most nearby homes
1,400 sqft (top 12%) · Built in 2021 (43 yrs newer than avg)
Located in a above-average income area with median household income of ~72k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 5 parks, and 1 sports facility nearby
Living Area
Above average
26% larger than neighborhood avg.
Year Built
Above average
43 yrs newer 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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70.2 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: #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
461 Wales Avenue — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 244 m), 1 education (nearest 401 m), 5 parks (nearest 184 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 44% | Top 39% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 461 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a distinct profile defined by its modern construction and efficient use of space. Built in 2021, it is a notably newer property compared to most homes on its street, in the area, and across the city.
Key Characteristics & Appeal
The primary appeal of this property lies in its modernity and above-average living space. With 1,400 square feet of living area, it offers more interior room than most comparable homes in both Meadowood and on Wales Avenue itself. As a build from 2021, buyers can expect contemporary building standards, newer major systems, and minimal immediate maintenance, a significant contrast to the area's average home age from the 1970s and 80s.
The home suits buyers prioritizing a move-in-ready, modern property without the need for renovations. It's an efficient package: you get a newer, well-sized home on a smaller, manageable lot (2,600 sqft). This trade-off means less yard upkeep but also less private outdoor space than typical for the neighbourhood. The assessed value is consistent with area averages, suggesting a stable, established valuation. A thoughtful perspective is that this property offers a "lock-and-leave" ease but within a mature community, blending new-home convenience with an established neighbourhood feel.
1. How does the lot size impact this property?
The land area of 2,600 sqft is below average for the street, area, and city. This translates to a lower-maintenance yard but less space for expansions, large gardens, or extensive outdoor recreation compared to neighbouring properties.
2. What does the "Elite" ranking for Year Built mean?
It indicates this home is among the newest 1-2% of properties when compared to its immediate street, the broader Meadowood area, and the entire city. It is a statistical outlier in terms of its modern construction date.
3. Is the assessed value a reliable indicator of the market price?
The assessed value ($39,500) is used for municipal tax purposes. It is around the local average, but market price is determined by current buyer demand, condition, and recent sales of similar homes. The last recorded sale was between $300k-$350k in 2021.
4. Who would this property not suit?
It may not be ideal for buyers seeking a large, private yard or those wishing to do major expansions, due to the smaller lot size. It also may differ in architectural character from the older, more established homes that dominate the street.
5. Where can I see more detailed context for this home?
A neighbourhood analysis page is available to view the property on a map alongside nearby houses, allowing for direct comparison of year built, living area, assessed value, and lot size.
