Property score
79.9
Good
Overall 79.9 · Older than most nearby homes
2,084 sqft (top 31%) · Built in 2005
Located in a above-average income area with median household income of ~64.5k
Transit 76.0 · 7-min walk to transit with 4 nearby routes · Within 500m: 12 dining spots, 4 healthcare facilitys, 1 shop, and 2 bank/ATMs nearby
Living Area
Near average
11% larger than neighborhood avg.
Year Built
Below average
0 yrs newer than neighborhood avg.
Mother tongue
English · 41%Chinese · 30%
Past 10 years Fairfield Park sales snapshot (~80% of all data)
216
820k
$344/sqft
2005
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79.9 is composed by the two sections below.
Property Score
Community Score
Fairfield Park
How to read: Share of sales in each ~$50k price band for “fairfield park” (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: #46111254
$65K
Median household income
$81K
Average household income
28%
Low income (LIM-AT)
0.3
Income inequality (Gini)
7.8
P90 / P10 ratio
24%
Single-person households
18%
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
1118 Colby Avenue — 22 amenities found within 500 m, across 6 categories, including 12 dining (nearest 198 m), 4 healthcare (nearest 199 m), 1 shopping (nearest 308 m).
Fairfield Park · WPS public data · 2026
Annual incidents
12
2026
vs. city avg
-59%
relative to avg
Year-over-year
▼ -96%
vs. prior year
Primary type
Property
83%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Bottom 48% | Top 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1118 Colby Avenue, Fairfield Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2005, presents a practical and comfortable living space in Winnipeg's Fairfield Park neighbourhood. Its key characteristics include a renovated basement, an attached garage, and a living area of 2,084 sqft, which is notably spacious compared to the Winnipeg average. The lot size is standard for the local area, offering manageable outdoor space.
The primary appeal lies in its balanced positioning. The home isn't an outlier in its immediate area but represents a solid, above-average offering city-wide, particularly in terms of living space and modern build year. It suits buyers looking for a move-in-ready family home without extreme premiums, offering more interior space than many city properties while being on par with neighbourhood norms. A thoughtful perspective is that its "average" standing on the street and in Fairfield Park suggests a stable, established community without wild value fluctuations, appealing to those seeking predictability. The renovated basement adds flexible living space, a significant asset for growing families or those needing a home office or recreational area.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others in Winnipeg?
With 2,084 sqft of living area, this home is in the top 9% city-wide, meaning it is significantly more spacious than over 90% of comparable Winnipeg properties.
2. Is the assessed value a reliable indicator of the expected sale price?
Not directly. The assessed value is for tax purposes. Notably, a nearby, smaller home on Shore Street sold for $530k in early 2023, which is a more relevant, though not guaranteed, market indicator.
3. What does the "below average" rank for Year Built in Fairfield Park mean?
It indicates the home is newer than most in the neighbourhood. Fairfield Park has many older homes, so a 2005 build is in the top 10% newest for the area, suggesting less immediate need for major system updates.
4. How is the lot size for the area?
At 5,409 sqft, the lot is slightly below the average for Colby Avenue but is generally aligned with the typical lot size across the wider Fairfield Park area, offering a standard suburban yard.
5. Who might this property best suit?
It's an ideal fit for families or professionals seeking a spacious, modern home in a stable neighbourhood. It offers more interior room than the city norm without the premium lot size or value that commands top-tier pricing, representing a practical compromise focused on living space.
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