Property Overview
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.
Frequently Asked Questions
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.