Property score
57.7
Fair
Overall 57.7 · Smaller and older than most nearby homes
840 sqft (bottom 12%) · Built in 1983 (7 yrs older than avg)
Located in a high-income area with median household income of ~97k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
7 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
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57.7 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
53 Meadow Lake Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 330 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 15% | Top 21% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 53 Meadow Lake Drive
Key Characteristics & Appeal
This home at 53 Meadow Lake Drive is a practical, entry-level property in Winnipeg's Meadows neighbourhood. Built in 1983, its key characteristic is its compact scale: with 840 sqft of living space and a 4,062 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. This is reflected in its below-average assessed value for the immediate vicinity.
The primary appeal lies in its affordability and efficiency. It last sold in the $400k-$450k range in 2022, which placed it in the top 15-25% of value for its local market at that time, suggesting a competitive price point for the area. It represents an opportunity for minimal upkeep and lower property taxes relative to larger homes. This property would suit first-time buyers, downsizers, or investors seeking a manageable footprint. A thoughtful perspective is that its smaller size and lot could mean less maintenance time and cost, freeing up resources for travel, hobbies, or savings. It may also appeal to a buyer who values a cosy, efficient layout over expansive square footage.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (approximately $34,600) is for municipal tax purposes. The market value, what a buyer would pay, is typically higher, as indicated by the 2022 sale price between $400,000 and $450,000.
2. How does the home's size compare to others?
It is compact. At 840 sqft, it is smaller than the average home on Meadow Lake Drive (~1,137 sqft), in the Meadows area (~1,286 sqft), and city-wide (~1,342 sqft).
3. What does the sold price ranking mean?
The 2022 sale price ranked in the top 15-25% when compared to other sales on the same street, in the area, and city-wide at that time. This indicates the property was priced competitively within the broader market, even though its physical attributes are below average for its immediate location.
4. Can I get the exact historical sale price?
The precise sale prices are not publicly displayed. You can request the exact sold price history by emailing via the provided form on the listing page; the service aims to provide the information manually by the end of the same day.
5. What are the implications of a smaller lot?
The 4,062 sqft lot is below average for the street and area. This likely means a smaller yard for gardening or outdoor recreation, but also less landscaping maintenance and potentially lower water usage for lawn care.
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