Property score
44.4
Below average
Overall 44.4 · Smaller than most nearby homes
744 sqft (bottom 13%) · 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, 3 parks, and 1 sports facility nearby
Living Area
Below average
30% 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
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44.4 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
1040 Talbot Avenue — 18 amenities found within 500 m, across 6 categories, including 10 dining (nearest 287 m), 1 shopping (nearest 344 m), 3 parks (nearest 197 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 44% | Bottom 41% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1040 Talbot Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in East Elmwood, built in 1955. With 744 sqft of living space, it is notably smaller than average for the city, but it sits on a standard city lot of just over 4,000 sqft. A key feature is its renovated basement, adding functional space, and it includes a detached garage. The home’s assessed value of $260k is above average for its immediate street and aligns with the neighbourhood average, suggesting it is well-maintained relative to its size and age.
Its primary appeal lies in its efficiency and lot potential. It suits first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market with a solid foundation. The renovated basement adds immediate utility, while the proportionate lot offers room for gardening, storage, or future expansion. A thoughtful perspective is that its smaller footprint translates to lower utility costs and less maintenance, appealing to those seeking a simpler, more manageable lifestyle without sacrificing outdoor space. It represents value not in sheer size, but in prudent upgrades and land ownership in an established area.
Frequently Asked Questions
1. Is the house too small?
At 744 sqft, the living area is compact. However, the renovated basement effectively doubles the usable space, making it practical for a small household or an individual.
2. How does the assessed value compare?
The $260k assessment is strong for the street (top 29%) and average for East Elmwood. This indicates the property is likely in good condition relative to nearby homes, even though it's smaller than the citywide average.
3. What does the lot size offer?
The 4,170 sqft lot is standard for the area. It provides good outdoor space for a home of this size, with room for a garden, play area, or a detached garage/workshop.
4. Is a home from 1955 a concern?
The build year (1955) is older than most on its street but typical for the neighbourhood. A thorough inspection is recommended to understand the condition of major aging components like the roof, wiring, and plumbing, especially considering the recent basement renovation.
5. Who would this property suit best?
It's ideal for a first-time buyer, a downsizer looking to reduce maintenance, or an investor. Its value is in its affordability, updated basement, and land, rather than in spacious living quarters.
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