55.3
Fair
Property score
55.3
Fair
Overall 55.3
Smaller and older than most nearby homes
800 sqft (bottom 2%)
Built in 1978 (12 yrs older than avg)
Located in a high-income area
with median household income of ~90k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 3 schools nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
43% 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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55.3 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
298 Novavista Drive — 3 amenities found within 500 m, across 1 categories, including 3 education (nearest 151 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 | Bottom 11% | Bottom 2% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 298 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 298 Novavista Drive in River Park South is a compact, well-priced entry point into the Winnipeg market. Its key characteristic is its modest scale: at 800 sqft on a 2,850 sqft lot, it is notably smaller than most homes in its immediate neighborhood and across the city. Built in 1978, it is of a similar vintage to many properties on its street but is older than the average home in River Park South.
The primary appeal lies in its affordability and efficiency. With an assessed value significantly below area averages, it presents a lower financial barrier to homeownership in a stable, established community. This isn't a property for those seeking ample space; instead, its appeal is for buyers who prioritize a manageable footprint, lower maintenance, and a practical budget. It would suit first-time buyers, downsizers looking to simplify, or investors seeking a rental property with a relatively low entry cost. A thoughtful perspective is that its smaller size and lot could translate to lower utility and property tax bills, offering ongoing savings that complement the attractive purchase price. While it ranks below average in size and value metrics for the area, this very fact defines its niche as an accessible option in a community where many homes are larger and more expensive.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
This home is more compact than most in the area. Its living area of 800 sqft is below the averages for Novavista Drive (968 sqft), River Park South (1,410 sqft), and Winnipeg overall (1,342 sqft).
2. Is the assessed value considered high or low for the neighborhood?
The assessed value of $284,000 is below the local average. For context, the average assessed value for comparable homes in River Park South is approximately $447,200, indicating this property is positioned at a more accessible price point.
3. What was the last known sale price for this property?
Public records indicate it sold between August 2016 for a price in the range of CA$200,000–$250,000. For fully verified and exact historical sale figures, a manual lookup through the site is required.
4. How does the lot size compare?
The lot is 2,850 sqft, which is smaller than the typical lot on Novavista Drive (avg. 3,196 sqft) and significantly smaller than the neighborhood average of 5,447 sqft. This means less exterior maintenance but also less private outdoor space.
5. Are there other similar homes on the same street?
Yes. The data shows other homes on Novavista Drive with the same 800 sqft living area and 1978 build year, such as 237 Novavista Drive, which has a comparable assessed value. This suggests a consistent character for homes of this type on the street.
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