58.9
Fair
Property score
58.9
Fair
Overall 58.9
Smaller and older than most nearby homes
908 sqft (bottom 11%)
Built in 1978 (12 yrs older than avg)
Located in a high-income area
with median household income of ~90k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 3 schools, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
36% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 66%Chinese · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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58.9 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (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: #46111007
$90K
Median household income
$92K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
23%
Single-person households
27%
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
292 Novavista Drive — 4 amenities found within 500 m, across 2 categories, including 3 education (nearest 154 m), 1 parks (nearest 491 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 24% | Bottom 37% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 292 Novavista Drive presents a practical opportunity in Winnipeg's River Park South neighborhood. Built in 1978, it offers 908 square feet of living space on a 2,897 square foot lot, with an assessed value of $340,000.
Key Characteristics & Appeal
The primary appeal of this property is its value positioning. Its assessed value is very close to the street average and sits below the neighborhood average, suggesting it could be a more accessible entry point into the area. While the living space is compact compared to many homes in River Park South, it is quite typical for Novavista Drive itself. This creates a dynamic where the home fits comfortably within its immediate streetscape but offers a lower price threshold than the wider, more modern neighborhood. The lot is smaller than area norms, which translates to less yard maintenance—a potential benefit for those seeking a low-maintenance lifestyle.
This home would suit first-time buyers or downsizers looking for a foothold in a stable neighborhood without a premium price tag. It’s a practical choice for someone who prioritizes location and community over square footage, and who may see potential in updating a solid, late-70s build. A less obvious perspective is that its "below average" metrics for the neighborhood might insulate it from sharper market fluctuations, representing a steadier, middle-ground investment.
1. How does the home’s size compare to others nearby?
At 908 sqft, the living area is slightly below the average for Novavista Drive (968 sqft) and more compact than the broader River Park South average (1,410 sqft). It is a comfortably sized home for its immediate street.
2. Is the assessed value in line with the area?
Yes. The $340,000 assessment is almost identical to the street average of $333,100. It is notably below the River Park South neighborhood average of $447,200, indicating this home is valued as a more modest property within the area.
3. What is the lot size, and what does it mean for maintenance?
The lot is 2,897 sqft, which is smaller than most in the neighborhood. This typically means less time and cost spent on yard upkeep, which can be an advantage for buyers seeking a low-maintenance property.
4. When was it last sold, and for how much?
Public records indicate a sale between August 2022, with a sold price in the range of CA$350,000–$400,000. Exact figures require a manual lookup from the provider.
5. How does the year built affect this home?
Built in 1978, it is older than the average home in River Park South but is typical for its street. Buyers should factor in the potential for updates to systems like roofing, windows, or HVAC that align with the home's age.
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