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
462 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 258 m), 3 parks (nearest 194 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 16% | Bottom 5% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 462 Meadowood Drive
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a compelling case for value-focused buyers. Its primary appeal lies in its efficient use of space within the Meadowood neighbourhood. The home ranks in the top 1% for living area on its own street, meaning it offers more interior space than nearly all immediate comparable properties. This creates a relative value proposition, especially when paired with its below-average assessed value for the wider area.
The lot size of 4,048 sqft is above average for Meadowood Drive, offering decent outdoor space for a home of this era. A thoughtful perspective is that this property represents a "neighbourhood anchor"—it's a well-sized, established home on a street of similar properties, suggesting stability and a mature streetscape. It would suit first-time buyers, downsizers, or investors looking for a manageable, no-frills property in a settled community. The recent sale in 2023 indicates a turnkey history, appealing to those seeking a home that's been recently occupied and likely maintained to a livable standard.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes and is often significantly lower than market value, especially in older, established neighbourhoods. This property's assessed value is typical for its specific street and area.
2. How does the living area compare to newer homes?
At 1,080 sqft, the living area is modest by current city-wide averages but is actually spacious compared to most homes on Meadowood Drive itself. It prioritizes efficient, single-level living over expansive square footage.
3. What does the 2023 sale price range indicate?
The CA$200k–250k sale price suggests the market value aligns with the home's position as a solid, entry-level property in Meadowood. It provides a recent benchmark for affordability in the area.
4. Is the lot size a disadvantage?
While below the city average, the lot is actually larger than many on the same street. It provides adequate yard space for its neighbourhood context without the maintenance demands of a much larger plot.
5. What are the implications of the home being built in 1974?
As a home from the mid-1970s, buyers should budget for updates to major systems like roofing, windows, or HVAC that may be nearing the end of their service life, while appreciating the straightforward layout and construction typical of that period.
