Property score
59.4
Fair
Overall 59.4 · Smaller but newer than most nearby homes
827 sqft (bottom 12%) · 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
Below average
26% smaller 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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59.4 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
555 Novavista Drive — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 488 m), 1 education (nearest 170 m), 1 healthcare (nearest 475 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 20% | Top 33% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 555 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 827 sqft bungalow, built in 1986, sits on a 3,001 sqft lot in Meadowood. Its core appeal lies in its relative modernity and efficient scale. While the living space is compact compared to broader area averages, the home is notably newer than most in its immediate neighbourhood and across Winnipeg, suggesting potentially fewer major age-related concerns. The assessed value is modest and aligns closely with the average for Novavista Drive itself, indicating a stable, entry-level point in the local market.
The property would suit first-time buyers, downsizers, or investors seeking a manageable, lower-maintenance home. Its above-average age ranking is a subtle but significant advantage for those wary of the upkeep common in older Winnipeg housing stock. The compact size translates to lower utility costs and less space to maintain, which can be a practical benefit rather than a drawback for the right buyer. It’s a home that prioritizes function and fundamentals over size.
Section 2: Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in the $350k-$400k range in 2023. This recent sale provides a concrete market benchmark, showing the price buyers were willing to pay just a couple of years ago, which is a stronger indicator than the municipal assessed value for taxation purposes.
2. Is the smaller living area a disadvantage?
It depends on your needs. At 827 sqft, it is smaller than many area homes, which may not suit a growing family. However, this efficiency makes it cost-effective to heat and maintain, a compelling trade-off for singles, couples, or empty-nesters.
3. What does the "above average" year built ranking actually mean?
Built in 1986, this home is newer than 82% of homes on its street, 92% in Meadowood, and 73% city-wide. In practical terms, this often means building components like windows, roofing, and electrical systems may be closer to modern standards and potentially have more serviceable life remaining than those in a typical, older Winnipeg home.
4. How does the lot size impact the property?
The lot is approximately 3,001 sqft, which is standard for Novavista Drive but smaller than many lots in wider Meadowood and the city. This means less yard maintenance, which is a plus for those not wanting extensive gardening, but offers less private outdoor space.
5. Who are the most relevant comparable properties?
The most direct comparisons are the immediate neighbours on Novavista Drive, as the data shows homes on this street share very similar lot sizes and assessed values. Looking at homes with identical assessed values ($34.60k) across different neighbourhoods, as listed, can also reveal what this investment level affords in other areas of Winnipeg.
