Property score
49.2
Below average
Overall 49.2 · Smaller but newer than most nearby homes
809 sqft (bottom 10%) · Built in 1978
Located in a above-average income area with median household income of ~74.5k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 4 schools, and 2 parks nearby
Living Area
Below average
27% 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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49.2 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
397 Novavista Drive — 6 amenities found within 500 m, across 2 categories, including 4 education (nearest 336 m), 2 parks (nearest 236 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 44% | Bottom 34% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 397 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 397 Novavista Drive in Meadowood is a practical, entry-level property built in 1978. Its key characteristic is its modest scale: with 809 square feet of living space on a 2,499 sqft lot, it is consistently below average in size compared to its immediate street, neighbourhood, and the wider city. The assessed value follows a similar pattern, positioned below local averages.
The appeal lies in its affordability and efficiency. It represents a lower barrier to entry into the Winnipeg market, particularly for those who prioritize financial accessibility over space. The home suits first-time buyers, downsizers looking to simplify, or investors seeking a rental property with a manageable footprint. A less obvious perspective is that its smaller lot and home size translate to lower maintenance costs and time commitments—a significant hidden value for busy individuals or those seeking a minimalist lifestyle. Furthermore, being newer than many homes in the broader Meadowood area could suggest relatively updated core systems.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 809 sqft, the living area is smaller than most comparable homes on its street, in Meadowood, and across Winnipeg. It is a compact, efficiently sized property.
2. What does the assessed value tell me?
The assessed value of $27,700 is below the average for the area. It generally indicates a lower property tax base, but it is not a market price. The last recorded sale was in the $300k-$350k range in 2023.
3. How does the lot size impact the property?
The lot is 2,499 sqft, which is smaller than typical lots in the city. This means less yard maintenance but also limited outdoor private space for expansions, large gardens, or decks.
4. Who might this property not suit?
It may not suit growing families needing multiple bedrooms, those who work extensively from home and require dedicated office space, or buyers who desire ample room for entertaining or large gatherings.
5. How can I get the exact historical sale price?
The precise sale prices are not publicly listed in detail. You can request the exact sold price history by emailing the listing service through the provided form; they provide this information manually without using your email for marketing.
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