Property score
57.3
Fair
Overall 57.3 · Newer than most nearby homes
1,080 sqft (top 39%) · Built in 1978
Located in a above-average income area with median household income of ~74.5k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 4 schools, and 2 parks nearby
Living Area
Near average
3% 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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57.3 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
433 Novavista Drive — 6 amenities found within 500 m, across 2 categories, including 4 education (nearest 300 m), 2 parks (nearest 162 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 12% | Bottom 7% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 433 Novavista Drive, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft home, built in 1978, presents a practical opportunity in the Meadowood neighbourhood. Its primary appeal lies in offering above-average interior space for its immediate street and local area, ranking in the top 22% and 39% respectively for living area among comparable homes. This suggests a relatively efficient use of its 2,500 sqft lot, which is smaller than most in the wider city.
The property’s assessed value is notably below average for its neighbourhood and street, which may indicate an entry point for buyers or potential for value appreciation. A thoughtful perspective is that this combination—more interior space on a smaller, more manageable lot—could suit those who prioritize home size over yard maintenance. It would likely appeal to first-time buyers, downsizers seeking single-level living without sacrificing indoor space, or investors looking at Meadowood’s fundamentals. The home’s age means prospective buyers should be prepared for updates, but it also places the property in a well-established community with mature infrastructure.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the city’s assessment for tax purposes, which lags behind market trends and can be influenced by factors like renovation status. It often represents a pricing opportunity rather than an inherent problem.
2. How does the smaller lot size impact living here?
The lot is manageable, requiring less upkeep—a benefit for those not wanting extensive yard work. However, it may limit expansion possibilities or private outdoor space compared to other homes in Winnipeg.
3. What does the sale history tell us?
The home sold between $200k-$250k in 2019. Market conditions have changed since, so this provides a historical baseline rather than a current valuation. The exact price is available upon request from the listing service.
4. The home is older; what should I check?
As a home built in the late 1970s, key systems like the roof, windows, furnace, and electrical should be inspected for age and condition to budget for any necessary updates or maintenance.
5. How does it compare to the neighbours?
The data shows it has more living space than many homes on Novavista Drive, but a lower assessed value and smaller lot. This unique mix means it doesn’t directly compare to the typical area home, offering a different set of pros and cons.
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