Property score
50.9
Fair
Overall 50.9 · Older than most nearby homes
900 sqft (bottom 45%) · Built in 1949 (4 yrs older 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: 1 dining spot, 1 school, 5 parks, and 1 sports facility nearby
Living Area
Near average
16% smaller than neighborhood avg.
Year Built
Below average
4 yrs older 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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50.9 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
938 Talbot Avenue — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 415 m), 1 education (nearest 383 m), 5 parks (nearest 105 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 40% | Bottom 49% | Bottom 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 47% | Bottom 31% | Bottom 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 38% | Bottom 23% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
938 Talbot Avenue is a one-and-a-half storey home in Winnipeg's East Elmwood neighborhood. Built in 1949, it offers 900 square feet of living space on a 4,169 sqft lot and features a renovated basement. The home has no garage or pool. Its recent assessed value is $24,300.
Key Characteristics & Appeal
This home presents a straightforward, no-frills opportunity in a mature neighborhood. Its primary appeal lies in its relative affordability and practicality. The renovated basement adds functional living space, a valuable upgrade in a home of this size. The lot size is very typical for the street and area, offering a standard yard for its locale.
The data suggests this is a home that fits comfortably within its immediate context. It is not an outlier in terms of size, value, or lot for East Elmwood or Talbot Avenue, but it sits below Winnipeg's city-wide averages. This positions it as a potential entry-point into the market or a sensible choice for those seeking a manageable property without the premium of a larger, newer home.
It would likely suit first-time buyers, downsizers, or practical investors looking for a home with baseline updates in an established area. Its character is one of modesty and function rather than luxury or standout features. A thoughtful perspective is that its "average" metrics for the area could signal stability and predictability, with less risk of being over-improved compared to neighboring properties.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or legal secondary suite.
2. How does the assessed value relate to the expected sale price?
The home last sold for $24,200 in late 2021, closely aligning with its current $24,300 assessment. However, previous sales in 2019 and 2018 were significantly higher. Market conditions, the specific renovations, and buyer demand will determine the final sale price, which may not directly mirror the assessed value.
3. What are the implications of having no garage?
Parking will be limited to driveway or street. This affects convenience, security for vehicles, and storage. It's worth checking if the driveway can accommodate multiple cars and if on-street parking is readily available.
4. Is the home typical for the neighborhood?
Yes. The data shows its living area, lot size, year built, and assessed value all rank around the middle (40th-70th percentile) for both Talbot Avenue and the wider East Elmwood area, indicating it is very representative of the local housing stock.
5. What might explain the significant drop in sale price between 2019 and 2021?
The sale price fell from $220,000 in 2019 to $24,200 in 2021. This extreme drop is unusual and not typical of normal market fluctuations. It strongly suggests the 2021 transaction was a non-arms-length sale, such as a transfer between family members, and should not be used as a benchmark for market value.
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