515 Novavista Drive

Meadowood, Winnipeg

Property score

65.3

Good

Overall 65.3 · Newer than most nearby homes

1,009 sqft (bottom 40%) · Built in 1985 (7 yrs newer than avg)

Located in a high-income area with median household income of ~93k

Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 school, and 3 parks nearby

Living Area

Near average

9% smaller than neighborhood avg.

Taon ng Paggawa

Above average

7 yrs newer than neighborhood avg.

Mother tongue

English · 64%French · 5%

Past 10 years Meadowood sales snapshot (~80% of all data)

Sold Count

624

Median price

392.3k

$/sqft

$432/sqft

Avg build year

1978

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Property score

65.3 is composed by the two sections below.

Property Score

56.4Fair
Living Area52
1,009 sqftFair
Taon ng Paggawa73
1985Good
Lupa46
3,598 sqftLow
Neighbourhood Sales Activity74
Good

Community Score

78.7Good
Household Income82
Excellent
Education Level63
Fair
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Istatistika ng benta ng komunidad

Meadowood

How to read: Share of sales in each ~$50k price band for “meadowood” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110483

Community deep dive

$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

Population, labour & age

Population (2021)483
Labour force participation rate58%
Median age43.6
Avg household size2.6
Unemployment rate0%
Population density3018 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households21%
Couple families with children28%
Median household income (2020)$93K

Housing

Renter households13%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority41%
Bachelor's or higher (25–64)34%
Mother tongue (1st)English · 63%
Mother tongue (2nd)French · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

karaniwan
1,009 sqft
0255075100
Same streetTop 35%Same areaBottom 40%CitywideBottom 27%
Same street · Novavista Drive
#76 / 220
Top 35% · Avg 968 sqft
Same area · Meadowood
#1,002 / 1,668
Bottom 40% · Avg 1,114 sqft
Citywide · Winnipeg
#141,986 / 194,458
Bottom 27% · Avg 1,342 sqft

Assessed Value

karaniwan
337k
0255075100
Same streetBottom 47%Same areaBottom 24%CitywideBottom 42%
Same street · Novavista Drive
#117 / 220
Bottom 47% · Avg 333.1k
Same area · Meadowood
#1,260 / 1,668
Bottom 24% · Avg 375.6k
Citywide · Winnipeg
#113,671 / 194,458
Bottom 42% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1985
0255075100
Same streetBottom 48%Same areaTop 12%CitywideTop 29%

Lupa

lampas sa average
3,598 sqft
0255075100
Same streetTop 21%Same areaBottom 21%CitywideBottom 20%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

515 Novavista Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 129 m), 3 parks (nearest 253 m).

Search radius
🏫Education1
🌳Parks3

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 11/2024CA$350k–400k
Presyo ng benta

Parehong kalye

Top 20%

Parehong lugar

Top 33%

Buong lungsod

Top 45%
Naibenta 12/2019CA$250k–300k
Presyo ng benta

Parehong kalye

Bottom 30%

Parehong lugar

Bottom 20%

Buong lungsod

Bottom 31%

Related homes

Mga tampok at karaniwang tanong: 515 Novavista Drive, Winnipeg

Property Summary: 515 Novavista Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 515 Novavista Drive in Meadowood presents a practical and straightforward opportunity. Built in 1985, it is a newer construction compared to many homes in its wider area, potentially meaning fewer concerns with aging infrastructure. With 1,009 sqft of living space, it offers a comfortably sized layout that is actually above average for its immediate street.

The lot size of 3,598 sqft is a notable feature for the neighbourhood; it ranks in the top 21% on Novavista Drive, providing more outdoor space than many direct neighbours. This could be a significant perk for gardening, pets, or simply enjoying a larger private yard.

The home’s appeal lies in its position as a solid, no-surprises property in a mature area. It suits first-time buyers looking for a manageable entry point, downsizers seeking a lower-maintenance lot compared to larger suburban properties, or pragmatic investors interested in a stable rental property. Its recent sale history suggests a steady market value. A thoughtful perspective is that while its assessed value is below the Meadowood average, its newer build year and above-average lot size for the street offer a balance of modern convenience and usable space that isn't always available in this price segment.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to recent sales?
Based on available data, the home sold in the CA$350k–$400k range in 2024. This sale price ranked in the top 20% compared to recent sales on its own street, indicating it was a stronger performer in its most immediate market context.

2. Is the lot size typical for the area?
It depends on the comparison. The lot is larger than average for Novavista Drive, but below the average lot size for the broader Meadowood area and the city overall. This suggests a pleasantly spacious yard for the immediate vicinity.

3. What does the “above average” year built mean for me?
Built in 1985, the home is newer than about 88% of comparable properties in the Meadowood area. This can often correlate with updated electrical systems, plumbing, and building materials, potentially reducing immediate major repair costs.

4. Why is the assessed value below the neighbourhood average?
The assessed value of $33.70k is below the Meadowood average of $37.60k. This is likely due to a combination of factors including the home's specific attributes, size, and the municipal assessment model. It's important to note that assessed value for tax purposes doesn't always directly equate to current market value.

5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. You can request them via email from the listing source, which provides the information manually without using your email for unsolicited marketing.