Property score
41.5
Below average
Overall 41.5 · Smaller and older than most nearby homes
696 sqft (bottom 6%) · Built in 1947 (6 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, and 5 parks nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 73%Tagalog · 7%
Past 10 years East Elmwood sales snapshot (~80% of all data)
460
277.7k
$225/sqft
1953
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41.5 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: #46110800
$80K
Median household income
$81K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
21%
Single-person households
24%
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
863 Talbot Avenue — 7 amenities found within 500 m, across 3 categories, including 1 dining (nearest 256 m), 1 education (nearest 205 m), 5 parks (nearest 137 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 46% | Bottom 31% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
863 Talbot Avenue is a compact, one-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1947, its primary appeal lies in being a renovated, manageable entry point into the housing market. With a living area of 696 sqft, it is notably smaller than most homes in the area and city, suggesting a focus on efficiency and low maintenance. A key updated feature is the renovated basement, which adds functional space. The property sits on a roughly 4,000 sqft lot, which is typical for the immediate street but offers potential for outdoor space relative to the home's size. Its assessed value is modest and aligns closely with averages for Talbot Avenue and East Elmwood, indicating it is priced appropriately within its local context rather than the broader, more expensive city market.
This home would suit first-time buyers, downsizers, or investors seeking an affordable, updated property with minimal upkeep. Its smaller scale may also appeal to those looking to minimize their environmental footprint or utility costs. The appeal is pragmatic: it offers modernized essentials (the basement renovation) in a established neighbourhood without the premium or the maintenance burden of a larger property.
Frequently Asked Questions
1. Is the smaller living space a significant drawback?
While below average in size, the renovated basement effectively expands the usable living area. This makes the home more functional than the main-floor square footage alone suggests, ideal for a couple, single occupant, or small family.
2. How does the assessed value compare to the likely sale price?
The assessed value is around $24,400, which is consistent with nearby homes on Talbot Avenue. The last recorded sale was in 2020 for $21,900. A current sale price would likely be influenced more by recent market conditions and the basement renovation than by the city's assessment.
3. What is the neighbourhood like?
East Elmwood is a mature, established neighbourhood. The property's metrics show it is very typical for this area in terms of age, lot size, and value, suggesting a stable, unpretentious community character.
4. Are there any major concerns with a home of this age?
Built in 1947, prospective buyers should prioritize a thorough inspection focusing on the foundation, roof, wiring, and plumbing. The recent basement renovation is a positive, but it's important to understand the scope of the work and if any underlying issues were addressed.
5. What are the long-term prospects for this property?
Its value is likely to remain closely tied to the local East Elmwood market. The lot size is standard for the street, so significant value growth from redevelopment may be limited. The home's future appeal will be strongest for buyers seeking the same affordability and low-maintenance lifestyle it offers today.
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