Property score
69.8
Good
Overall 69.8 · Larger and newer than most nearby homes
1,410 sqft (top 11%) · Built in 2020 (42 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
27% larger than neighborhood avg.
Year Built
Above average
42 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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69.8 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
465 Wales Avenue — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 238 m), 1 education (nearest 408 m), 5 parks (nearest 196 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
Property Overview: 465 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Buyer Appeal
This 2020-built home offers a distinctly modern living experience within a mature Winnipeg neighbourhood. Its primary appeal lies in the combination of a newer build with above-average interior space. At 1,410 sqft, the living area is notably larger than most homes on its street and in the broader Meadowood area, ranking in the top 3% and 11% respectively. This suggests a efficient, contemporary floor plan that maximizes usable space.
The home suits buyers seeking a move-in-ready property without the immediate concerns of major maintenance or renovations common with older stock. It’s particularly well-matched for professionals, small families, or downsizers who prioritize modern interiors and low upkeep over a large yard, as the lot size is compact compared to area norms. A thoughtful perspective is that this property represents a trade-off: you gain a newer, efficiently designed home but with less outdoor space, making it ideal for those who prefer minimal yard work or who value community parks over private land.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average home value mentioned?
The "average" city-wide assessed value shown (~$390k) includes all home types and ages. This property's assessment ($42.10k) is for taxation purposes only and is not market value. Its last recorded sale was between $300k-$350k in 2020.
2. How does the smaller lot size impact daily living?
The land area (2,600 sqft) is below average for the street and area. This typically means a smaller backyard, potentially less privacy, and limited space for large additions like a detached garage. However, it also translates to less maintenance and lower landscaping costs.
3. What does the "Elite" ranking for Year Built mean?
It indicates this home is much newer than most. It ranks in the top 1% in Meadowood and top 3% city-wide for its recent build year (2020). This is a key advantage, suggesting modern building standards, materials, and systems with many years of life before major components need replacement.
4. Are property taxes likely to be higher because it's a newer build?
Potentially. While the assessed value is used to calculate taxes, newer homes often have higher assessments relative to older ones of similar size in the same area. It's advisable to research the current tax rate for an accurate estimate.
5. Where can I see how this property compares visually to its neighbours?
The listing suggests using the "Open neighbourhood map analysis" feature. This tool provides a geographic view to compare this home's year built, size, and lot dimensions directly against nearby houses.
