Property score
52.8
Fair
Overall 52.8 · Smaller but newer than most nearby homes
908 sqft (bottom 21%) · 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
18% 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
375 Novavista Drive — 6 amenities found within 500 m, across 2 categories, including 4 education (nearest 307 m), 2 parks (nearest 285 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 4% | Bottom 2% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
375 Novavista Drive is a 908 sqft bungalow built in 1978, situated on a 2,499 sqft lot in Winnipeg's Meadowood neighbourhood. Its key appeal lies in its position as a modest, entry-level home with a notably low municipal assessed value of $26,500. This creates a unique value proposition, particularly for specific buyers.
Key Characteristics & Ideal Buyer
This home presents a practical, no-frills opportunity. Its living space is compact but on par with many homes on its own street. The 1978 build date is newer than many in the wider Meadowood area, suggesting potentially fewer immediate concerns than older peers. The standout figure is the assessed value, which sits in the bottom 10% for the area, indicating a very low property tax burden.
Its primary appeal is financial efficiency. It suits a first-time buyer or an investor seeking a foothold in the market with minimal ongoing tax costs. It could also be a strategic fit for someone looking to build equity through renovations, as the low baseline value might amplify the percentage return on thoughtful upgrades. A less obvious perspective is its potential for a downsizer: the single-level layout and manageable scale offer simplicity without the premium often attached to designated "retirement" properties.
However, the lot size is significantly smaller than area averages, meaning minimal outdoor space and limited expansion potential. This trade-off is central to the property's identity—it’s about the house itself, not the land.
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on a mass appraisal system and is influenced by factors like home size, age, and lot dimensions. This home’s below-average living area and notably small lot size contribute directly to its lower assessment.
2. What does the "Top 26%" ranking for Year Built in Meadowood mean?
It means this home is newer than approximately 74% of comparable properties in the Meadowood area. A 1978 build is above the neighbourhood average, which can be a positive point regarding the likely age of major components.
3. How recent is the sale history, and what did it sell for?
The home sold between 2019 and 2025 for an estimated price range of CA$200,000–$250,000. The exact sale price is available upon request from the listing service.
4. Is the small lot size a major drawback?
It depends on your priorities. It limits private outdoor space and potential for additions like a large deck or garage. For those prioritizing low maintenance and cost over yard space, it can be an acceptable compromise.
5. Who would this property not be suitable for?
It is likely not a good fit for families needing multiple bedrooms or ample play space, for anyone wanting a large garden or outdoor entertaining area, or for buyers unwilling to live in a compact floor plan that may require updates.
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