Property Overview: 695 Novavista Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 695 Novavista Drive in Meadowood is a compact, efficiently sized property built in 1986. With 702 square feet of living space on a 3,001 sqft lot, it is notably smaller than most homes in its area and across Winnipeg. Its assessed value of $290,000 is below average for the city, reflecting its scale.
The primary appeal lies in its position as a more accessible entry point into the Winnipeg market. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with a relatively newer build date compared to many city homes. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less upkeep, offering a simpler lifestyle. While the lot is modest for the neighbourhood, it is reasonably sized for its street, suggesting a balanced outdoor space without excessive maintenance. Recent sale prices indicate strong demand, with the 2025 sale placing it in the top 10% of its street for sold price, hinting at a competitive niche for well-priced, compact homes.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 702 sqft, the living area is significantly below the average for Meadowood (1,114 sqft) and Winnipeg overall (1,342 sqft). It is designed for efficient living.
2. Why is the assessed value different from the recent sale price?
The assessed value ($290k) is for municipal tax purposes. The reported sale price range for 2025 ($350k-$400k) is the market value, determined by what a buyer recently paid. Market value often exceeds assessed value in active markets.
3. How does the lot size compare?
The lot is 3,001 sqft. It is near the average for Novavista Drive but smaller than the typical lot in the broader Meadowood area, making it more manageable.
4. Is a 1986-built home considered old?
Not in this context. For its street, neighbourhood, and especially city-wide, this home is newer than most. In Winnipeg, where many homes are older, a 1986 build can mean more modern construction standards and potentially fewer major aging component concerns.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open a neighbourhood map analysis, which visually compares this property with neighbours on factors like year built, living area, and lot size. For exact historical sold prices, you can request the information via email.