Property score
52.8
Fair
Overall 52.8 · Smaller but newer than most nearby homes
920 sqft (bottom 25%) · Built in 1978
Located in a above-average income area with median household income of ~74.5k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 schools, and 2 parks nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 62%French · 8%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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52.8 is composed by the two sections below.
Property Score
Community Score
Meadowood
How to read: Share of sales in each ~$50k price band for “meadowood” (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: #46110482
$75K
Median household income
$74K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
30%
Single-person households
23%
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
367 Novavista Drive — 6 amenities found within 500 m, across 2 categories, including 4 education (nearest 297 m), 2 parks (nearest 306 m).
Meadowood · WPS public data · 2026
Annual incidents
24
2026
vs. city avg
-19%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
58%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 367 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s Meadowood neighbourhood. Its key appeal lies in its relative value and manageability. With a living area that is fairly typical for its immediate street but below the neighbourhood and city averages, this home is best suited for first-time buyers, downsizers, or investors seeking a lower-maintenance property. The assessed value is notably below average for both the street and the wider area, which can indicate a more accessible price point but may also suggest a property in need of updates compared to peers.
A thoughtful perspective is its position within the local context: while the lot size is compact (2,499 sqft), ranking in the bottom tier for the area, this translates to less yard upkeep—a potential benefit for those seeking a simpler lifestyle. Furthermore, its year of build is actually newer than many homes in Meadowood, potentially meaning fewer age-related issues than area averages. This property suits a buyer who prioritizes financial accessibility and a manageable footprint over spaciousness, viewing the below-average metrics as an opportunity rather than a drawback.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is a municipal valuation for tax purposes and is often below market value. Its low ranking suggests this property may be valued lower due to size, condition, or specific features compared to nearby homes. It is a starting point for discussion, not a direct sale price.
2. How does the living area compare to nearby homes?
At 920 sqft, it is slightly below the average for Novavista Drive itself (~968 sqft) and more notably below the broader Meadowood average. This indicates a compact, efficient floor plan typical of many homes on its street but smaller than many in the wider suburb.
3. What does the lot size mean for me?
The 2,499 sqft lot is smaller than most in Meadowood. This means less outdoor maintenance and gardening, but also limited space for expansions, large decks, or extensive privacy landscaping. It emphasizes the home’s interior and efficient use of space.
4. The home sold between 2020-2025. Can I find out the exact price?
Exact sold prices are not publicly displayed in detail here. The listing service offers to provide the precise historical sale data directly via email upon request, which can be a valuable tool for understanding market trends.
5. Is the 1978 build date a concern?
While 48 years old, this build date is actually newer than the average home in the Meadowood area. This could imply updates have been made over time or that major components like roofing or windows might be relatively younger compared to older neighbourhood stock. A thorough inspection is always recommended.
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