Property score
51.0
Fair
Overall 51.0 · Smaller and older than most nearby homes
691 sqft (bottom 6%) · Built in 1983 (7 yrs older than avg)
Located in a high-income area with median household income of ~97k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Below average
46% 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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51.0 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
73 Meadow Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 361 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 5% | Bottom 10% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 73 Meadow Lake Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 73 Meadow Lake Drive is a compact, efficiently sized property built in 1983. Its key characteristic is its modest scale: with 691 sqft of living space and a 3,999 sqft lot, it is notably smaller than most homes on its street, in the Meadows area, and across Winnipeg. This is reflected in its assessed value of $31,700, which is well below average for its immediate vicinity but closer to the city-wide norm.
The primary appeal lies in its affordability and low ongoing property tax burden, driven by that lower assessment. It represents a practical entry point into homeownership, particularly for first-time buyers or investors seeking a manageable rental property. The lot, while smaller than neighbours', still offers private outdoor space without the maintenance demands of a larger yard.
This property would best suit a minimalist, a budget-conscious buyer, or an investor looking for a straightforward asset. Its size and value proposition make it less suitable for those needing ample indoor space or who prioritize prestige. A thoughtful perspective is that this home offers "efficiency by design" in a market where larger, more expensive homes dominate, providing a chance to build equity with lower upfront and carrying costs.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is primarily based on the home's significantly smaller living area and lot size compared to others on Meadow Lake Drive and in the Meadows area, resulting in a lower valuation.
2. What does the "Top 97%" ranking for living area city-wide mean?
It means that 97% of homes across Winnipeg are larger than this one. This highlights that the property's compact size is its most defining feature relative to the broader market.
3. How recent is the sale history, and what did it sell for?
The home sold between 2020 and 2025 for an estimated price range of $250,000 to $300,000. The exact sale price is available upon direct request from the listing service.
4. Is the Year Built (1983) a concern?
The build year is around average for the street and neighbourhood. While not new, it falls within a common era for Winnipeg housing, and any major systems would be age-appropriate. A pre-purchase inspection is always recommended.
5. Who would benefit most from this property's specific metrics?
A buyer whose priority is financial accessibility over space. The below-average metrics for size and local value translate directly to a lower purchase price and lower property taxes, which can be a strategic trade-off for the right individual.
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