Property score
71.4
Good
Overall 71.4 · Older than most nearby homes
1,150 sqft (bottom 49%) · Built in 1983 (7 yrs older than avg)
Located in a high-income area with median household income of ~108k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Near average
11% 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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71.4 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: #46110866
$108K
Median household income
$115K
Average household income
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
15%
Single-person households
25%
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
54 Meadow Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 281 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 | Bottom 35% | Bottom 32% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 54 Meadow Lake Drive, Winnipeg
Key Characteristics & Appeal
This 1,150 sqft bungalow, built in 1983, sits on a notably generous 6,959 sqft lot in the Meadows neighborhood. Its primary appeal lies in the land itself—the lot size ranks in the elite top 5% on its street and the top 11% within the broader Meadows area, offering substantial outdoor space that is increasingly rare. The home's living area and assessed value are consistently above average for its immediate street, suggesting it's a solid, well-regarded property in its specific locale.
This property would best suit a buyer who values space and potential over turn-key perfection. It's ideal for someone with a vision for landscaping, gardening, or future expansion, where the large lot is the main asset. It also fits a practical buyer looking for a home that holds its own on a desirable street, possibly as a long-term hold in a stable neighborhood. The data suggests you're buying into a good micro-location on Meadow Lake Drive, where the property outperforms its direct neighbors, even if it blends in more when compared to the entire city.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at nearly 7,000 sqft. It is significantly larger than most on its street and in the Meadows area, ranking in the top 5% and 11% respectively. This offers exceptional outdoor space.
2. Is the home's size smaller than average?
Within the immediate neighborhood (Meadows), the living area is right around the median. On its own street, it is actually above average. While smaller than the city-wide average home, it is typical for its specific community.
3. What does the assessed value indicate?
The assessed value of $39,200 is above the street average and median for the Meadows area. This generally suggests the property is in line with or slightly better than local norms for valuation purposes, not that it is undervalued.
4. The home was built in 1983. Is that a concern?
The age is typical for the street but is slightly older than the average home in the broader Meadows area. This is common for established neighborhoods and indicates potential for updates. Systems like roof, furnace, and windows should be carefully evaluated.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open the neighbourhood analysis page, which maps nearby properties and allows you to compare details like year built, living area, and lot size side-by-side. For exact historical sold prices, you can request that information via email from the site.
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.
