Property score
71.7
Good
Overall 71.7 · Larger and newer than most nearby homes
1,211 sqft (top 25%) · Built in 1986 (8 yrs newer than avg)
Located in a high-income area with median household income of ~94k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
9% larger than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 66%French · 5%
Past 10 years Meadowood sales snapshot (~80% of all data)
624
392.3k
$432/sqft
1978
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71.7 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: #46110599
$94K
Median household income
$108K
Average household income
12%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
22%
Single-person households
33%
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
551 Novavista Drive — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 494 m), 1 education (nearest 164 m), 1 healthcare (nearest 481 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 4% | Top 13% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,211 sqft bungalow, built in 1986, presents a solid and efficient living space in the Meadowood neighbourhood. Its primary appeal lies in offering above-average interior space for its immediate area, providing more room than most comparable homes on its street and in Meadowood. The home’s assessed value is notably strong for Novavista Drive, ranking in the top 9% of the street, suggesting it is a well-regarded property in its micro-location.
A thoughtful perspective is that this home represents a balance between space and manageability. While the living area is generous for the locale, the 3,001 sqft lot is more compact than typical lots in wider Meadowood and across Winnipeg. This could be a benefit for buyers seeking lower outdoor maintenance without sacrificing indoor space. The property last sold between 2021-2025 for an estimated $400k-$450k, a price point that performed well above average for the street.
This home would suit practical buyers looking for a move-in-ready bungalow in a stable neighbourhood, particularly those who value interior square footage over a large yard. It’s also a sensible option for downsizers or first-time buyers wanting a home that stands out positively on its own street in terms of value and size.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot of 3,001 sqft is about average for Novavista Drive but is notably smaller than the typical lot in the broader Meadowood area and across Winnipeg. This means less yard maintenance but also less private outdoor space than many area homes.
2. What does the "Top 9%" assessed value ranking for the street indicate?
This high ranking suggests that, according to municipal assessment, this property is valued more highly than 91% of the 220 homes on Novavista Drive. It often reflects a combination of the home's condition, size, and improvements relative to its immediate neighbours.
3. The home sold recently (2021-2025). What does that sale price tell us?
The prior sale in the $400k-$450k range ranked in the top 4% of sales for Novavista Drive, indicating it was a premium sale for the street at that time. This history is a key data point for understanding the home's market position.
4. Is a 1986-built home considered modern or dated?
Built 40 years ago, this home is newer than the average house in Winnipeg, Meadowood, and even on its own street. While not new, it likely benefits from modern construction standards compared to much of the city's housing stock, though systems and finishes may still require updates.
5. How can I see how this property compares visually to its neighbours?
You can use the provided neighbourhood analysis map link to view the home in geographic context alongside nearby houses, comparing metrics like year built and lot size directly on a map.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
