Property score
65.9
Good
Overall 65.9 · Newer than most nearby homes
1,040 sqft (top 50%) · Built in 1986 (8 yrs newer than avg)
Located in a high-income area with median household income of ~93k
Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 64%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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65.9 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: #46110483
$93K
Median household income
$96K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
21%
Single-person households
28%
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
503 Novavista Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 133 m), 3 parks (nearest 228 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 | Top 2% | Top 10% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 503 Novavista Drive, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1986, presents a practical and competitively positioned home in the Meadowood neighbourhood. Its primary appeal lies in offering above-average space and a newer build relative to its immediate street and local area, providing good value within its micro-market. The home sits on a 3,598 sqft lot, which is generous for Novavista Drive but more compact compared to wider Meadowood and city averages, suggesting lower maintenance without sacrificing private outdoor space.
The data indicates a property that stands out on its own street. It ranks in the top 30% for living area and the top 18% for year built among 220 comparable homes on Novavista Drive, meaning it is both larger and newer than most of its direct neighbours. This positions it as a modernized, spacious option for the block. Its last sold price (2022) also placed in the top 2% for the street, reflecting strong desirability.
This home would suit first-time buyers or downsizers seeking a manageable, updated property in a stable neighbourhood without the upkeep of a massive lot. It’s also a sensible choice for value-focused buyers who prioritize interior space and modern construction over expansive land, especially when compared directly with neighbouring houses.
Frequently Asked Questions
1. How does this home compare to others in Meadowood?
While it ranks very well on its own street for size and age, within the broader Meadowood area it is around average for living space and assessed value. Its lot size is smaller than the area average, which is a trade-off for less yard maintenance.
2. What does the assessed value mean for property taxes?
The assessed value of $35,800 is used for municipal tax calculation. It is around the average for both the street and the city, suggesting property taxes should be in line with typical homes in Winnipeg.
3. Is the 1986 build date an advantage?
Yes, particularly on this street. Built in 1986, it is newer than most homes on Novavista Drive and in the broader Meadowood area, which often means more modern construction standards, wiring, and insulation compared to many neighbouring properties built in the 1970s or earlier.
4. The last sale was in 2022. What does that price indicate?
The sale price range of $400k-$450k in 2022 placed this home in the top 2% of sales for Novavista Drive at that time. This historical premium suggests the property has been viewed as a high-quality offering on its street, even if its assessed value for taxes is more average.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it by email via the button on the property page. The service is manual, with a reply promised by the end of the same day, and your email is not used for marketing spam.
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