72.5
Good
Property score
72.5
Good
Overall 72.5
Larger but older than most nearby homes
1,664 sqft (top 21%)
Built in 1978 (12 yrs older than avg)
Located in a above-average income area
with median household income of ~81k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
29% larger than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 79%Punjabi · 2%
Past 10 years Meadows sales snapshot (~80% of all data)
637
475.6k
$441/sqft
1990
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72.5 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: #46110871
$81K
Median household income
$86K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
22%
Single-person households
24%
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
140 Meadow Gate Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 242 m), 3 parks (nearest 173 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 7% | Top 5% | Top 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 140 Meadow Gate Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 140 Meadow Gate Drive in the Meadows neighbourhood stands out for its above-average size and value within its local context. Built in 1978, its key appeal lies in its generous 1,664 sqft of living space, which ranks in the top 3% on its own street and the top 22% citywide, offering more room than most comparable homes. It sits on a 5,608 sqft lot, providing ample outdoor space that is also above average for the immediate area.
The home’s assessed value of $47,700 is notably high for its street and neighbourhood, indicating it is a premium property in its micro-market. A recent sale between $500k-$550k in 2023 further supports its strong market position. While the home’s age is around the city average, it is older than many in the broader Meadows area, suggesting a well-established streetscape.
This property would best suit buyers looking for a spacious, established home in a mature neighbourhood who value above-average interior square footage and lot size over a newer build. It’s ideal for someone seeking a property that already holds a leading position in terms of size and value on its block, potentially offering a sense of space and investment relative to immediate neighbours.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others?
With 1,664 sqft, this home is significantly larger than the average on Meadow Gate Drive (~1,047 sqft) and in the Meadows area (~1,286 sqft). It offers substantial interior space compared to its direct neighbours.
2. The assessed value seems low. What does it mean?
The assessed value of $47,700 is for municipal tax purposes and is not the market value. Its key takeaway is its ranking: it’s the highest on its street and well above the area average, signaling this is considered a higher-value property by the assessor compared to nearby homes.
3. The home was built in 1978. What should I consider?
While the age is typical for Winnipeg, it is older than many homes in the wider Meadows area. Buyers should prioritize a thorough inspection to understand the condition of major systems (roof, wiring, plumbing) and potential need for updates, balanced against the character and space an older home can provide.
4. What does the 2023 sale price range tell me?
The $500k-$550k sale price from 2023 provides a recent market benchmark. It confirms the home transacts at a premium level, consistent with its high assessed value ranking. This helps establish a realistic price expectation for the current market.
5. How does the lot size compare?
At 5,608 sqft, the lot is larger than the average on its street and in the Meadows area. This is a notable advantage, offering more private outdoor space than many surrounding properties, which is a valuable and less replaceable feature.
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