Property score
59.3
Fair
Overall 59.3 · Larger and newer than most nearby homes
1,152 sqft (top 23%) · Built in 1978 (25 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Above average
8% larger than neighborhood avg.
Year Built
Above average
25 yrs newer than neighborhood avg.
Mother tongue
English · 69%Tagalog · 10%
Past 10 years East Elmwood sales snapshot (~80% of all data)
460
277.7k
$225/sqft
1953
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59.3 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: #46110804
$74K
Median household income
$81K
Average household income
15%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
31%
Single-person households
27%
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
702 Talbot Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 242 m), 2 education (nearest 129 m), 2 parks (nearest 266 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 | Bottom 49% | Bottom 33% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 702 Talbot Avenue in East Elmwood presents a practical opportunity in a mature Winnipeg neighbourhood. Built in 1978, it is notably newer than most homes on its street and in the immediate area. With 1,152 sqft of living space, it offers above-average roominess for the locality. The property includes a detached garage and a basement, which is noted as being unrenovated. A key characteristic is its modest 2,499 sqft lot, which is smaller than typical for the area but translates to lower maintenance. Its appeal lies in being a relatively modern, manageable-sized home in an established community, often at a more accessible price point due to the smaller land footprint. This would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property without the upkeep of a large yard or a century-old structure.
Frequently Asked Questions
Is the smaller lot size a disadvantage?
While the lot is smaller than area averages, it reduces yard work and maintenance costs. It can be an advantage for those seeking a more manageable outdoor space or who prioritize interior living area over land.
How does the 1978 build year affect the home?
Being built in the late 1970s, this home likely has modern wiring, plumbing, and insulation standards compared to many older neighbourhood homes. However, buyers should still budget for updates common to homes of this era, such as windows, roofing, or interior finishes.
What does the "below average" assessed value indicate?
The assessed value is below averages for East Elmwood and Winnipeg. This typically reflects the smaller lot size and the unrenovated basement condition. It can suggest a potentially lower property tax burden and an opportunity for a buyer to add value through updates.
Is the unrenovated basement a major project?
The basement is described as not renovated, meaning it is likely in a functional but basic state. It presents usable space for storage or utilities, with the future potential to be finished. Buyers should have it inspected for moisture and foundational integrity.
How does the 2021 sale price relate to current value?
The home sold for $220,000 in August 2021. This provides a historical benchmark, but current market conditions, interest rates, and any changes made to the property since then will determine its present value.
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