Property score
50.3
Fair
Overall 50.3 · Compared with neighbourhood average
960 sqft (top 42%) · Built in 1955 (2 yrs newer than avg)
Located in a above-average income area with median household income of ~73k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 10 dining spots, 1 shop, 4 parks, and 1 sports facility nearby
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Near average
2 yrs newer than neighborhood avg.
Mother tongue
English · 72%Tagalog · 7%
Past 10 years East Elmwood sales snapshot (~80% of all data)
460
277.7k
$225/sqft
1953
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
50.3 is composed by the two sections below.
Property Score
Community Score
East Elmwood
How to read: Share of sales in each ~$50k price band for “east elmwood” (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: #46110802
$73K
Median household income
$81K
Average household income
16%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
23%
Single-person households
25%
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
1020 Talbot Avenue — 19 amenities found within 500 m, across 6 categories, including 10 dining (nearest 332 m), 1 shopping (nearest 408 m), 4 parks (nearest 181 m).
East Elmwood · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 41% | Bottom 48% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
1020 Talbot Avenue is a two-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1955, it offers 960 sqft of living space and sits on a 3,007 sqft lot. The property features a basement that is noted as not being renovated and does not include a garage or pool. Its most recent sale was in August 2021 for $240,000, and it currently holds an assessed value of $20,900.
Key Characteristics & Appeal
This home presents a straightforward, no-frills opportunity in a mature neighbourhood. Its primary appeal lies in its relative affordability and its position as a smaller-scale property on a compact lot, which can mean lower maintenance and utility costs. For its immediate area on Talbot Avenue, the living space is around average, and it is actually a newer build compared to many neighbouring houses. This could suggest fewer age-related issues than some peers.
The property would suit first-time buyers seeking an entry point into homeownership, or practical investors looking for a rental property without high overhead. It’s likely best for those comfortable with a home that may require updates over time, as the unrenovated basement offers a blank canvas for future improvement. A less obvious perspective is that the smaller lot and home size offer an efficient, lower-impact lifestyle that aligns with simpler living, contrasting with larger, more demanding properties.
Frequently Asked Questions
1. What does "basement not renovated" typically mean?
It indicates the basement is in a functional but basic state, likely with unfinished or dated finishes. It presents potential for future customization but may not be a modern living space as-is.
2. How does the assessed value relate to the market sale price?
The municipal assessed value ($20,900) is for tax purposes and is typically much lower than the market value. The 2021 sale price of $240,000 is a far better indicator of its actual market worth.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. It limits expansive outdoor projects but reduces yard maintenance time and cost. For some, this is a practical benefit.
4. What does the "newer" build year mean for the area?
Built in 1955, this home is newer than many on its street. This can sometimes correlate with updated building materials or layouts compared to pre-war homes, though a full inspection is necessary.
5. Who might this property not suit?
It may not suit buyers looking for a move-in-ready home with modern renovations, those needing significant storage or garage space, or families requiring more square footage and larger outdoor play areas.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
