463 Wales Avenue

Meadowood, Winnipeg

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.

Taon ng Paggawa

Above average

43 yrs newer than neighborhood avg.

Mother tongue

English · 60%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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

70.2 is composed by the two sections below.

Property Score

72.9Good
Living Area75
1,400 sqftGood
Taon ng Paggawa100
2021Excellent
Lupa28
2,600 sqftLow
Neighbourhood Sales Activity74
Good

Community Score

66.1Good
Household Income72
Good
Education Level72
Good
Housing Stress42
Low
Core Housing Need63
Fair
Employment Health52
Fair

Istatistika ng benta ng komunidad

Meadowood

How to read: Share of sales in each ~$50k price band for “meadowood” (Detached na bahay (hindi 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: #46110597

Community deep dive

$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

Population, labour & age

Population (2021)1,107
Labour force participation rate52%
Median age39.2
Avg household size2.5
Unemployment rate6%
Population density3459 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households29%
Couple families with children22%
Median household income (2020)$72K

Housing

Renter households62%
Condominium dwellings5%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)37%
Visible minority44%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 59%
Mother tongue (2nd)French · 4%

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

Mga ranggo

Living Area

lampas sa average
1,400 sqft
0255075100
Same streetTop 12%Same areaTop 12%CitywideTop 36%
Same street · Wales Avenue
#16 / 139
Top 12% · Avg 1,089 sqft
Same area · Meadowood
#200 / 1,668
Top 12% · Avg 1,114 sqft
Citywide · Winnipeg
#69,104 / 194,458
Top 36% · Avg 1,342 sqft

Assessed Value

lampas sa average
400k
0255075100
Same streetTop 19%Same areaTop 27%CitywideTop 38%
Same street · Wales Avenue
#26 / 139
Top 19% · Avg 372.6k
Same area · Meadowood
#448 / 1,668
Top 27% · Avg 375.6k
Citywide · Winnipeg
#74,505 / 194,458
Top 38% · Avg 390.1k

Taon ng Paggawa

Elite
2021
0255075100
Same streetTop 1%Same areaTop 1%CitywideTop 2%

Lupa

mas mababa sa average
2,600 sqft
0255075100
Same streetBottom 22%Same areaBottom 7%CitywideBottom 7%

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

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

463 Wales Avenue — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 241 m), 1 education (nearest 404 m), 5 parks (nearest 190 m).

Search radius
🍽️Dining1
🏫Education1
🌳Parks5
💪Sports1
🏦Finance1
Worship1

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%

Kasaysayan ng Benta

Naibenta 1/2021CA$300k–350k
Presyo ng benta

Parehong kalye

Top 44%

Parehong lugar

Top 39%

Buong lungsod

Top 48%

Related homes

Mga tampok at karaniwang tanong: 463 Wales Avenue, Winnipeg

Property Overview: 463 Wales Avenue, Meadowood, Winnipeg

Key Characteristics & Appeal

This home stands out in its Meadowood neighbourhood for its modern build and efficient use of space. Built in 2021, it is notably newer than almost all comparable homes on its street, in the area, and across Winnipeg. With 1,400 sqft of living area, it offers above-average interior space for Meadowood, providing a roomier feel than many nearby properties. The assessed value of $400k is also above average for the immediate vicinity.

The primary appeal lies in acquiring a modern, low-maintenance home in an established neighbourhood. Buyers benefit from newer construction, which typically means updated building codes, modern systems, and less immediate need for major repairs or renovations. The property suits first-time homeowners seeking a move-in-ready space without the worries of an older home, or downsizers looking for a manageable, contemporary layout without leaving a mature community. A thoughtful perspective is that the smaller, 2,600 sqft lot, while below average in size for the area, translates to less yard maintenance—a potential upside for those prioritizing indoor living space and ease of upkeep.

Frequently Asked Questions

1. How does the property’s value compare historically?
Based on available data, the home sold for an estimated $300k–$350k when it was new in 2021. Its current assessed value of $400k suggests appreciation, consistent with its modern status in an area of predominantly older homes.

2. What are the trade-offs of the newer build and smaller lot?
The advantages are modern amenities and less maintenance. The trade-off is a significantly smaller yard compared to neighbours, which may matter if you desire extensive outdoor space or garden potential. The property offers efficiency over expansiveness.

3. Is the living space actually larger than it seems?
While the 1,400 sqft is above average for Meadowood, it is close to the city-wide average. The home makes intelligent use of its footprint, offering more interior space than most nearby properties but on a more compact lot.

4. What does the "Elite" ranking for year built mean?
This statistical ranking indicates the home is among the newest 1-2% of properties when compared to its direct street, the broader Meadowood area, and the entire city. It is a rare find in terms of age in this context.

5. Where can I see more detailed comparisons with neighbouring properties?
A neighbourhood analysis map is available to visually compare this home with others nearby based on year built, living area, assessed value, and lot size. This helps contextualize its standing in the immediate streetscape.