Property score
44.5
Below average
Overall 44.5 · Newer than most nearby homes
1,120 sqft (top 32%) · Built in 1978
Located in a below-average income area with median household income of ~36.4k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 shop, and 4 parks nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 66%French · 9%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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44.5 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: #46110595
$36K
Median household income
$45K
Average household income
38%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
58%
Single-person households
9%
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
5 Richfield Avenue — 12 amenities found within 500 m, across 7 categories, including 1 dining (nearest 344 m), 1 education (nearest 443 m), 1 shopping (nearest 301 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 50% | Top 48% | Bottom 48% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Bottom 8% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 5 Richfield Avenue, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1978, presents a practical opportunity in Winnipeg's Meadowood neighborhood. Its core appeal lies in being a competitively priced, manageable-sized home in an established area. The living space is squarely average for the city and neighborhood, offering a comfortable footprint for a smaller household or first-time buyer.
A thoughtful perspective is its position relative to local norms. While the lot size is notably smaller than most in Meadowood and city-wide, this can translate to lower maintenance—a potential benefit for those seeking a yard without extensive upkeep. Furthermore, the home's assessed value is consistently below average across all comparison levels (street, neighborhood, and city), which can indicate a more accessible entry point into the market. The home has changed hands twice in recent years (2016 and 2024), suggesting it fits a specific, steady demand.
This property would best suit budget-conscious buyers, such as first-time homeowners or downsizers, who prioritize location in a mature community over a large lot. It’s a home for those who see value in a simpler, more manageable property rather than one that leads the market in size or assessed value.
Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the lot is smaller than many in the area, it reduces landscaping and maintenance responsibilities. For buyers who value a low-maintenance outdoor space, this can be a practical advantage.
2. Why is the assessed value consistently below average?
The below-average assessment likely reflects a combination of the home's smaller lot size, its age, and its modest living area compared to peers. This typically results in lower property taxes, which is a tangible financial benefit for the owner.
3. What does the sale history indicate?
The home sold in 2016 and again in 2024, showing it maintains marketability. The sale price range increased between those periods, consistent with broader market trends, indicating stable, not speculative, value.
4. How does the home's age affect its value?
Built in 1978, it is newer than many homes on its street and in the broader city. This can be a positive, potentially meaning fewer immediate major updates compared to older stock, though a professional inspection is always advised.
5. Who are the most likely neighbors or competing buyers?
Given its profile, likely interest would come from first-time buyers seeking an affordable entry into a settled neighborhood, or from empty-nesters looking to downsize from a larger property while staying in the community.
