Property score
49.7
Below average
Overall 49.7 · Smaller than most nearby homes
826 sqft (bottom 11%) · Built in 1975 (3 yrs older 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
Below average
26% smaller than neighborhood avg.
Year Built
Near average
3 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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49.7 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 Wales Avenue — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 194 m), 1 education (nearest 452 m), 5 parks (nearest 228 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 6% | Bottom 21% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 462 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a specific value proposition. Its key characteristic is its modest scale, with a living area of 826 sq ft situated on a 2,600 sq ft lot, both significantly below local averages. Built in 1975, it is notably older than most on its street. The appeal lies squarely in its affordability, as reflected by its low assessed value of $27,500. This is a property for practical buyers: first-time homeowners seeking an entry point into the market, investors looking for a rental property with lower upfront costs, or downsizers who prioritize minimal upkeep and expenses over space. Its value is functional rather than aspirational, offering the essentials of homeownership. A less obvious perspective is that its smaller footprint and lot can translate to lower utility bills, property taxes, and maintenance time, appealing to those seeking a simplified lifestyle.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—namely its smaller-than-average size for both the home and the lot—and is intended to reflect its market value for taxation purposes. It indicates a more affordable entry point into homeownership.
2. What does the "sold price" range from 2021 tell me?
The previous sale in the $250k-$300k range provides a historical benchmark, but it is from 2021. The current market value will be influenced by conditions today. The significant difference between that sale price and the current assessed value highlights the distinct purposes of each figure; assessed value is for taxes, while sale price is determined by the market.
3. Is the smaller lot size a major drawback?
It depends on your needs. It means less yard for gardening, play, or expansion, which could be a limitation. However, it also means less landscaping work and lower outdoor maintenance, which can be a benefit for those seeking a low-maintenance property.
4. How does the age of the home (1975) affect things?
Being older than most on its street suggests potential for dated components that may need attention or updating, such as windows, roof, or mechanical systems. A thorough inspection is advised. On the positive side, it may have a simpler construction style that some find appealing.
5. Who would this property not be suitable for?
It likely wouldn't suit growing families needing more bedrooms and living space, buyers who desire a large private yard, or those unwilling to handle updates that a home of this age may require. It's geared toward those with modest spatial needs and a focus on budget.
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