59.8
Fair
Property score
59.8
Fair
Overall 59.8
Smaller and older than most nearby homes
920 sqft (bottom 12%)
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
35% 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
318 Novavista Drive — 4 amenities found within 500 m, across 2 categories, including 3 education (nearest 160 m), 1 parks (nearest 457 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 9% | Bottom 1% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 318 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its key appeal lies in its relative value and manageable scale. With an assessed value of $290k, it sits notably below the neighborhood average, offering a cost-effective alternative in an area where many homes are valued significantly higher. The living space is compact but functional, roughly average for its immediate street, making it a low-maintenance option.
The property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-priced home in a mature suburb. Its below-average lot size (3,129 sqft) translates to less yard work, which can be a benefit for those not wanting extensive outdoor upkeep. A thoughtful perspective is that this home represents the "baseline" of the area—it provides access to the community and its amenities without the premium price tag of larger, more modern homes on the street. For the right buyer, this represents an opportunity to gain a foothold in a stable neighborhood with the potential to add value through updates over time.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home last sold between $200k-$250k in 2017. Its current assessed value of $290k is below the averages for its street, neighborhood, and the city, suggesting it is positioned at a more accessible price point within the market.
2. Is the living space smaller than most homes in the area?
Yes. At 920 sqft, the home’s living area is below the neighborhood average. However, it is closer to the average size for other homes directly on Novavista Drive, indicating the street itself features more modestly sized properties.
3. What are the implications of the smaller lot size?
The lot is approximately 3,129 sqft, which is smaller than many in River Park South. This typically means less exterior maintenance and lower landscaping costs, but also limited space for expansions, large decks, or extensive gardening compared to neighboring properties.
4. The home was built in 1978. What should I consider?
As a home from the late 1970s, prospective buyers should budget for potential updates to major aging components like the roof, windows, or heating system. A thorough inspection is recommended to understand the condition of these elements.
5. How can I get the exact historical sale prices?
The provided sold price data is an estimated range. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup via email through the site, as this information is not sourced from the MLS.
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