Property score
59.8
Fair
Overall 59.8 · 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 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 3 schools, and 1 park nearby
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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59.8 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
316 Novavista Drive — 4 amenities found within 500 m, across 2 categories, including 3 education (nearest 157 m), 1 parks (nearest 466 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 1% | Bottom 1% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 316 Novavista Drive, Winnipeg
Key Characteristics & Appeal
This 908 sqft home, built in 1978 on a 3,000 sqft lot, presents a clear value-oriented opportunity in the River Park South neighborhood. Its primary appeal lies in its accessible price point, reflected in an assessed value of $257k, which is notably below averages for its street, neighborhood, and the wider city. This positions the home as one of the most affordable options in the area.
The property suits first-time buyers, downsizers, or investors seeking an entry into a stable neighborhood without a premium price tag. Its living space is practical and aligns closely with the average for Novavista Drive itself, suggesting it fits the local streetscape. A thoughtful perspective is that its below-average metrics for the area might offer a buffer against property tax increases compared to higher-valued homes, and the established, mature neighborhood often comes with predictable maintenance patterns. The last known sale was between 2017-2022 in the $150k-$200k range, indicating potential for equity growth.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on the property's specific attributes—including its smaller living area and lot size compared to many homes in River Park South—and recent market valuations. This results in a lower tax assessment and a more accessible purchase price.
2. What does the living area ranking mean for daily living?
While the 908 sqft size is below the neighborhood average, it ranks near the middle for its own street. This suggests the home's scale is consistent with many of its immediate neighbors, offering a comfortable layout for individuals, couples, or small families who prioritize efficient living space over square footage.
3. How reliable is the sold price information provided?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via the website's email service, as industry rules prevent the display of official MLS records here.
4. Are the comparable nearby listings similar to this home?
The listed "for reference" properties are generally larger in both living area and lot size, with higher assessed values. They illustrate what is typical in River Park South, highlighting that 316 Novavista is a more compact and budget-friendly option within the same broader locale.
5. What are the implications of a 1978 build year?
Built in 1978, the home is older than the neighborhood average but typical for its street. This era of construction may have certain building materials or design features that a buyer should have inspected. It also means major systems (like roof, windows, furnace) may be at or beyond their typical lifespan and should be evaluated carefully.
