Property score
56.9
Fair
Overall 56.9 · 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 · 2-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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56.9 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
470 Meadowood Drive — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 244 m), 3 parks (nearest 168 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 21% | Bottom 49% | Bottom 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 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; the living area is notably larger than most similar homes on Meadowood Drive, ranking in the top 1% for the street. This suggests a well-utilized floor plan that maximizes the available square footage.
The property stands out for its significantly below-average assessed value, especially within the broader Meadowood area (top 98%). This combination of above-average interior space for the immediate neighbourhood with a lower property assessment creates a unique value proposition. It may appeal to practical buyers looking for a comfortable living space without a premium price tag, or to those who see potential in a home that the market may currently undervalue. The lot, while smaller than area averages, offers manageable outdoor space with lower maintenance demands.
This home would suit first-time buyers, downsizers seeking a manageable property, or value investors. It’s a grounded choice for someone prioritizing interior space and financial efficiency over a large yard or a newer build, set in a mature, established neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including specific home condition, updates, and lot characteristics. A value significantly below area averages can sometimes indicate a different assessment approach or property specifics, but it does not directly dictate market selling price.
2. How does the smaller lot size impact living here?
The 2,699 sqft lot is smaller than most in Meadowood and Winnipeg overall. This means less yard maintenance and lower exterior upkeep costs, which can be a benefit. However, it also means limited space for expansions, large gardens, or extensive outdoor recreation.
3. The home sold recently (2024). What does that mean for me?
A recent sale indicates active market interest. The sold price range provides a crucial, real-world benchmark far more current than the assessed value. It suggests the market price aligns more closely with city-wide averages than the lower assessment would imply.
4. Is the 1974 build date a concern?
The year built is typical for the street and area. Homes from this era are common in Winnipeg and are often structurally sound, but a thorough inspection is always recommended to assess the condition of major systems like roof, wiring, plumbing, and windows, which may be nearing or past their typical lifespans.
5. How can I find out the exact price it sold for in 2024?
The provided price is a range based on public data. As noted on the listing, you can request the exact sold price by emailing the site directly. This service is provided without obligation for marketing spam.
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