708 Talbot Avenue

East Elmwood, Winnipeg

Property score

52.2

Fair

Overall 52.2 · Compared with neighbourhood average

960 sqft (top 42%) · Built in 1952 (1 yr older than avg)

Located in a above-average income area with median household income of ~73.5k

Transit 88.0 · 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

Near average

10% smaller than neighborhood avg.

Year Built

Below average

1 yrs older than neighborhood avg.

Mother tongue

English · 69%Tagalog · 10%

Past 10 years East Elmwood sales snapshot (~80% of all data)

Sold Count

460

Median price

277.7k

$/sqft

$225/sqft

Avg build year

1953

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Property score

52.2 is composed by the two sections below.

Property Score

42.7Low
Living Area960 sqft42Low
Year Built195236Low
Lot Size4,399 sqft53Fair
Neighbourhood Sales Activity48Low

Community Score

66.5Good
Household Income74Good
Education Level22Low
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110804

Community deep dive

$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

Population, labour & age

Population (2021)598
Labour force participation rate71%
Median age36.0
Avg household size2.5
Unemployment rate11%
Population density920 / km²

Households & income

Low income (LIM-AT, % pop.)15%
Single-person households31%
Couple families with children27%
Median household income (2020)$74K

Housing

Renter households20%
Condominium dwellings0%
Median dwelling value (owners)$220K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority27%
Bachelor's or higher (25–64)10%
Mother tongue (1st)English · 68%
Mother tongue (2nd)Tagalog · 10%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
960 sqft
0255075100
Same streetTop 40%Same areaTop 42%CitywideBottom 22%
Same street · Talbot Avenue
#154 / 384
Top 40% · Avg 997 sqft
Same area · East Elmwood
#490 / 1,163
Top 42% · Avg 1,065 sqft
Citywide · Winnipeg
#150,758 / 194,458
Bottom 22% · Avg 1,342 sqft

Tax-Assessed Value

around average
246k
0255075100
Same streetTop 37%Same areaBottom 45%CitywideBottom 16%
Same street · Talbot Avenue
#142 / 384
Top 37% · Avg 239.3k
Same area · East Elmwood
#643 / 1,163
Bottom 45% · Avg 265k
Citywide · Winnipeg
#162,844 / 194,458
Bottom 16% · Avg 390.1k

Year Built

around average
1952
0255075100
Same streetTop 37%Same areaBottom 35%CitywideBottom 30%

Lot Size

around average
4,399 sqft
0255075100
Same streetTop 32%Same areaTop 43%CitywideBottom 32%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

708 Talbot Avenue — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 243 m), 2 education (nearest 153 m), 2 parks (nearest 260 m).

Search radius
🍽️Dining1
🏫Education2
🌳Parks2
Worship1

Crime & Safety

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%

Sales History

Sold 8/2022CA$250k–300k
Sold price

Same street

Top 23%

Same area

Top 30%

City-wide

Bottom 33%

Related homes

Highlights & common questions: 708 Talbot Avenue, Winnipeg

Property Overview & Key Characteristics

This one-storey home on Talbot Avenue in East Elmwood is a practical and well-situated property. Its key appeal lies in its solid, average standing within its immediate neighborhood. With 960 sqft of living space and a renovated basement, it offers functional space for a smaller household. The detached garage and a land area just over 4,300 sqft provide valuable utility and outdoor potential. The home’s assessed value is notably modest, positioning it as an accessible entry point into the Winnipeg market.

Its true strength is context. While its size is below the city-wide average, it ranks comfortably above average for both living area and lot size on its own street. This suggests a good fit within a established, consistent neighborhood of similar homes. It would suit first-time buyers, downsizers, or practical investors looking for a straightforward, no-frills home in a community setting without a premium price tag. A thoughtful perspective is that a home ranking "around average" in its direct vicinity can often represent stability and predictability, which is appealing for long-term planning.


Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows this property is very typical for Talbot Avenue and the wider East Elmwood neighborhood. Its living space, lot size, and assessed value all rank in the 30th to 55th percentile locally, meaning it is squarely in the middle of the pack, not an outlier.

2. Is the assessed value the same as the market price?
No. The assessed value of $24,600 is for municipal tax purposes. The last recorded sale was in August 2022 for $28,100. Market price is determined by current conditions and would likely differ significantly from both figures.

3. What are the implications of the home’s age?
Built in 1952, the home is older than many on its street but typical for the city. While it may have undergone updates (like the basement renovation), buyers should budget for the maintenance and potential system upgrades common with homes of this era.

4. What is the potential here for expansion or renovation?
The lot size is above average for the street, which could provide room for additions, a garden, or outdoor living space, subject to local zoning bylaws. The existing renovated basement also adds immediate flexible space.

5. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home or those needing substantial square footage, as it is below the city average for size. It’s best viewed as a solid, foundational property in a neighborhood of peers.

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