Property Overview: 503 Novavista Drive, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1986, presents a practical and competitively positioned home in the Meadowood neighbourhood. Its primary appeal lies in offering above-average space and a newer build relative to its immediate street and local area, providing good value within its micro-market. The home sits on a 3,598 sqft lot, which is generous for Novavista Drive but more compact compared to wider Meadowood and city averages, suggesting lower maintenance without sacrificing private outdoor space.
The data indicates a property that stands out on its own street. It ranks in the top 30% for living area and the top 18% for year built among 220 comparable homes on Novavista Drive, meaning it is both larger and newer than most of its direct neighbours. This positions it as a modernized, spacious option for the block. Its last sold price (2022) also placed in the top 2% for the street, reflecting strong desirability.
This home would suit first-time buyers or downsizers seeking a manageable, updated property in a stable neighbourhood without the upkeep of a massive lot. It’s also a sensible choice for value-focused buyers who prioritize interior space and modern construction over expansive land, especially when compared directly with neighbouring houses.
Frequently Asked Questions
1. How does this home compare to others in Meadowood?
While it ranks very well on its own street for size and age, within the broader Meadowood area it is around average for living space and assessed value. Its lot size is smaller than the area average, which is a trade-off for less yard maintenance.
2. What does the assessed value mean for property taxes?
The assessed value of $35,800 is used for municipal tax calculation. It is around the average for both the street and the city, suggesting property taxes should be in line with typical homes in Winnipeg.
3. Is the 1986 build date an advantage?
Yes, particularly on this street. Built in 1986, it is newer than most homes on Novavista Drive and in the broader Meadowood area, which often means more modern construction standards, wiring, and insulation compared to many neighbouring properties built in the 1970s or earlier.
4. The last sale was in 2022. What does that price indicate?
The sale price range of $400k-$450k in 2022 placed this home in the top 2% of sales for Novavista Drive at that time. This historical premium suggests the property has been viewed as a high-quality offering on its street, even if its assessed value for taxes is more average.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it by email via the button on the property page. The service is manual, with a reply promised by the end of the same day, and your email is not used for marketing spam.