Property score
44.0
Below average
Overall 44.0 · Smaller than most nearby homes
664 sqft (bottom 4%) · Built in 1952 (1 yr older than avg)
Located in a above-average income area with median household income of ~80k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 1 school, 5 parks, and 1 place of worship nearby
Living Area
Below average
38% smaller than neighborhood avg.
Year Built
Below average
1 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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44.0 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
979 Talbot Avenue — 8 amenities found within 500 m, across 4 categories, including 1 dining (nearest 438 m), 1 education (nearest 355 m), 5 parks (nearest 145 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 19% | Bottom 8% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
979 Talbot Avenue is a compact, one-storey home in Winnipeg's East Elmwood neighborhood. Built in 1952, its primary appeal lies in its generous 5,488 sqft lot, which is significantly larger than most in the immediate area. The house itself is modest at 664 sqft of living space, with an unrenovated basement and a detached garage. Its assessed value is notably low compared to the Winnipeg city-wide average, but is typical for the street and neighborhood. This creates a specific value proposition: a very affordable entry point into homeownership where the land itself represents a substantial portion of the asset. It suits first-time buyers, investors, or downsizers comfortable with a smaller living footprint who see potential in the sizable yard for gardens, expansion, or future value.
Key Considerations & FAQs
1. What is the true condition of the home?
The listing notes the basement is "not renovated," which suggests the home likely requires updates. Buyers should budget for maintenance and potential improvements, viewing the property as a land purchase with a liveable structure.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and the local East Elmwood market. It indicates affordability but is not a direct market sale price. The last recorded sale was in 2019 for $16,700.
3. How does the large lot size benefit me?
The lot is in the top 11-12% for size on its street and in East Elmwood. This offers rare outdoor space for the area, providing room for recreation, storage, or future projects like a garden, shed, or even an addition (subject to zoning).
4. Who would this property not suit?
It would not suit those needing significant move-in-ready space or multiple bedrooms. The living area is well below local averages, making it a tight fit for growing families or anyone who works extensively from home without a plan to modify the layout.
5. What's the long-term perspective here?
This property is a classic "value-add" opportunity. Its worth is anchored in its land, not its structure. The long-term play involves the potential for the neighborhood to rise, making the large lot increasingly valuable, or for the owner to incrementally improve the home to unlock equity. It's a patient investment rather than an immediate luxury.
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