Property score
46.1
Below average
Overall 46.1 · Smaller than most nearby homes
720 sqft (bottom 3%) · 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, 7 parks, and 1 sports facility nearby
Living Area
Below average
35% 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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46.1 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
486 Wales Avenue — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 171 m), 1 education (nearest 481 m), 7 parks (nearest 273 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 3% | Bottom 5% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
486 Wales Avenue is a compact, single-family home in Winnipeg's Meadowood neighborhood. Built in 1975, its key characteristic is its modest scale, with a living area of 720 sqft situated on a 2,599 sqft lot. Both metrics are notably below average for the street, neighborhood, and city. The home's assessed value of $300k is also below the broader city average, though it is more aligned with local area averages.
Its appeal lies in its efficiency and potential as an entry point into homeownership. The below-average taxes relative to the city, resulting from its lower assessed value, are a practical financial advantage. It suits first-time buyers, downsizers, or investors seeking a manageable property with straightforward upkeep. A thoughtful perspective is that its smaller footprint and lot represent a lower environmental impact and reduced maintenance burden, which can be a significant, less-heralded benefit. The home last sold between $200k-$250k in 2019.
Frequently Asked Questions
1. Is this the smallest house on the street?
Based on the data, it is among the smallest. It ranks 138 out of 139 homes on Wales Avenue for living area, meaning only one home on the street is smaller.
2. Why is the assessed value lower than the city average?
The assessed value reflects the home's smaller size and lot dimensions compared to the typical Winnipeg home. It is more in line with averages for the immediate Meadowood area.
3. What are the property taxes likely to be?
While exact taxes depend on the annual mill rate, they will be calculated based on the $300k assessed value. This should result in a tax bill below the citywide average for a single-family home.
4. Is the lot size a limitation for expansion or outdoor space?
The 2,599 sqft lot is smaller than most in the area. It provides space for a compact yard but may present challenges for significant additions, depending on zoning and setback requirements.
5. How can I find out the exact price it sold for in 2019?
The listing service provides a sold price range. To obtain the exact sale price, you can use the email request function provided on the property detail page.
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