Property Overview: 687 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 896 sqft bungalow, built in 1986, presents a practical and competitively positioned home in the Meadowood neighbourhood. Its key appeal lies in its relative modernity compared to peers—it ranks in the top 18% for year built on its own street and the top 8% within Meadowood, suggesting newer construction than many surrounding homes. With an assessed value of $330,000, it sits around the average for its immediate area, offering a entry point into a stable, established community.
The home’s footprint is efficient, with a living area below the neighbourhood and city averages, making it a candidate for those seeking manageable upkeep. The lot size of 3,001 sqft is typical for Novavista Drive but smaller than many in wider Meadowood, pointing to a lower-maintenance yard. This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a well-located home without excessive size or premium price. Its strength isn't in standout size or luxury, but in offering a newer-than-average home in its locale at a value-oriented price point.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, a home on this street sold in the 2017-2018 period for an estimated $250,000-$300,000. The current assessed value of $330,000 reflects market changes since then and should be compared with more recent, agent-provided comparable sales for accuracy.
2. Is the smaller living area a concern?
At 896 sqft, the living space is below the Meadowood average. This is a defining characteristic: it translates to lower utility costs and less maintenance, which is ideal for simpler living, but may require creative use of space for some buyers.
3. What does "newer than average" for the area really mean?
Built in 1986, this home is notably newer than many in its surroundings. In Meadowood, it ranks in the top 8% by year built. This can imply updated foundational components (like wiring or plumbing) compared to the area's older housing stock, potentially reducing near-term major repair costs.
4. How does the lot size impact potential for expansion or outdoor use?
The 3,001 sqft lot is standard for Novavista Drive but smaller than the broader neighbourhood average. It provides adequate private outdoor space for gardening or relaxation, but may limit possibilities for large additions or extensive landscaping compared to properties on larger lots in Meadowood.
5. Where can I see more detailed context about this specific location?
A neighbourhood analysis map is available for this property, allowing you to visually compare it with nearby homes based on year built, living area, assessed value, and lot size. This tool provides clearer context than raw data alone.