Property score
65.5
Good
Overall 65.5 · Compared with neighbourhood average
1,050 sqft (bottom 36%) · Built in 1984 (6 yrs older than avg)
Located in a high-income area with median household income of ~97k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 5%
Past 10 years Meadows sales snapshot (~80% of all data)
637
475.6k
$441/sqft
1990
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
65.5 is composed by the two sections below.
Property Score
Community Score
Meadows
How to read: Share of sales in each ~$50k price band for “meadows” (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: #46110865
$97K
Median household income
$108K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
19%
Single-person households
33%
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
127 Meadow Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 470 m).
Meadows · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
78%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Bottom 36% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1,050 sqft bungalow at 127 Meadow Lake Drive, built in 1984, presents a solid, middle-ground opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its established location and balanced metrics. The home sits on a just-under-5,000 sqft lot, offering standard suburban outdoor space. While the living area is modest compared to broader city averages, it ranks respectably within its immediate street and area, suggesting a comfortable fit for the community's typical footprint.
A thoughtful perspective is found in its assessed value, which ranks above average for Meadow Lake Drive itself. This indicates the property may be viewed favorably relative to its closest neighbours, a potential sign of good upkeep or a premium lot position on the street. As a home from the mid-80s, buyers should anticipate updates common for that era, but its age is newer than many city-wide comparables. This property would suit a first-time buyer or downsizer looking for an honest, no-surprises home in a mature area, or an investor seeking a stable rental property with proven long-term value in a consistent neighbourhood.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,050 sqft, the living area is slightly below the average for Meadow Lake Drive (1,137 sqft) but is very typical for the wider Meadows area. It offers a manageable layout without being overly compact.
2. What does the "above average" assessed value ranking on its street mean?
This suggests that, among the 58 homes on Meadow Lake Drive, this property's assessed value is in the top 28%. This could reflect factors like a better-than-average condition, a more desirable placement on the street, or improvements that add value relative to its direct neighbours.
3. Is the lot size a constraint?
The 4,999 sqft lot is very close to the area average. It provides standard suburban yard space for gardening, recreation, or additions like a shed or deck, but isn't oversized. It's a practical, low-maintenance size.
4. What should I consider about a home built in 1984?
Homes from this period may have original components nearing the end of their service life, such as the roof, windows, or major appliances. This presents a clear opportunity to budget for modern updates, which can be done progressively to personalize the space.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the precise sale price history, you can use the email request form provided on the listing page. The service is manual but straightforward, with a promise of no marketing spam.
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.
