59.1
Fair
Property score
59.1
Fair
Overall 59.1
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 62.0
3-min walk to transit with 1 nearby route
Within 500m: 1 dining spot, 1 school, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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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59.1 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
498 Meadowood Drive — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 493 m), 1 education (nearest 212 m), 2 parks (nearest 82 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 34% | Bottom 30% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 498 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a compelling case for value within its immediate neighbourhood. Its primary appeal lies in offering above-average living space for Meadowood Drive, ranking in the top 1% of the street for square footage. The lot size is also generous for the street, providing more outdoor space than most direct neighbours. However, the context shifts when viewed against the wider Meadowood area and the city, where the home's assessed value is notably below average, suggesting it may be an opportunity for buyers seeking a cost-effective entry into a stable neighbourhood.
The property would suit practical, value-conscious buyers such as first-time homeowners or downsizers who prioritize interior space and a established streetscape over a premium city-wide location. It’s a home that stands out on its own block but sits modestly within the broader market, ideal for someone looking for a solid foundation without the highest price tag.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for Meadowood Drive itself but falls in the bottom 10% when compared to the broader Meadowood area, indicating it may be undervalued relative to nearby properties.
2. Is the living space typical for the area?
Yes and no. At 1,080 sqft, it offers significantly more living area than the average home on Meadowood Drive, but is slightly below the average for the wider Meadowood neighbourhood.
3. What does the year built tell us?
Built in 1974, this home is newer than most on its street (top 7%), aligning with the average for the Meadowood area. This suggests well-established infrastructure and mature landscaping, but buyers should budget for updates common to homes of this era.
4. How usable is the land?
The 4,498 sqft lot is larger than most on the street, offering good private outdoor space. It is, however, smaller than the average lot in the broader Meadowood area, so it's ample but not expansive.
5. Where can I find more detailed comparisons?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with detailed comparisons of year built, living area, assessed value, and lot size.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
