Property score
57.7
Fair
Overall 57.7 · Smaller than most nearby homes
850 sqft (bottom 13%) · Built in 1984 (6 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
34% 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
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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
85 Meadow Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 385 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 25% | Bottom 23% | Bottom 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
85 Meadow Lake Drive is a compact, well-established home in Winnipeg's Meadows neighbourhood. Built in 1984, the 850 sqft residence sits on a 4,399 sqft lot. Its key appeal lies in its position as a more affordable entry point into a mature area, with an assessed value notably below averages for its immediate street and neighbourhood. The home represents a practical, no-frills opportunity rather than a premium offering.
This property would suit first-time buyers or investors seeking a lower-cost foothold in the market, or downsizers looking to minimize space and maintenance. Its below-average size and value for the area suggest it's a candidate for those comfortable with a cozy layout or those viewing it as a long-term hold with potential for updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The reported city-wide average of $390k appears to be a significant data irregularity or includes very different property types. A more relevant comparison is the local neighbourhood average of about $40.90k, against which this home's $34.10k assessment is below average, reflecting its smaller size and likely simpler condition.
2. How does the home's size compare to others nearby?
At 850 sqft, the living area is smaller than most comparable homes on Meadow Lake Drive (avg. ~1,137 sqft) and in the wider Meadows area (avg. ~1,286 sqft). This confirms it as a compact, efficient floor plan.
3. What does the "above average" ranking for Year Built mean?
Built in 1984, this home is newer than many on its street and across the city. In its immediate area, it's about average. This suggests the core structure may be in a relatively modern condition for its vintage, potentially with fewer age-related concerns than older homes.
4. Is the lot size a disadvantage?
The 4,399 sqft lot is below average for the street and neighbourhood. This means less yard space for gardening or expansion, but also translates to less exterior maintenance, which could be a benefit for some buyers.
5. How can I find out the exact historical sale price?
The listing indicates the home sold between 2020-2025 for an estimated $250k-$300k. The exact sale price is not publicly displayed, but you can request it directly via the email function provided on the listing page.
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