Property score
80.5
Excellent
Overall 80.5 · Older than most nearby homes
2,033 sqft (top 38%) · 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
8% 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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80.5 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
1122 Colby Avenue — 22 amenities found within 500 m, across 6 categories, including 12 dining (nearest 209 m), 4 healthcare (nearest 211 m), 1 shopping (nearest 306 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 | Top 26% | Top 28% | Top 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1122 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park offers a practical and spacious family layout with over 2,000 square feet of living space, placing it well above the average Winnipeg home in size. Built in 2005, it is a relatively modern property that benefits from a renovated basement and an attached garage. The lot is a standard size for the area, providing typical outdoor space without extensive maintenance demands.
The primary appeal lies in its balanced positioning. It provides ample interior room in a move-in-ready condition, while its assessed value is notably below the average for its immediate street. This suggests potential value relative to its neighbors, especially for a home with a modern build year and updates. It would suit first-time buyers looking for a spacious starter home beyond a condo, or growing families seeking a functional layout in a stable neighborhood without the premium price tag of newer subdivisions. A thoughtful perspective is that while the home ranks average in its micro-area for features like lot size, its above-average citywide rankings for living space and build year highlight that it offers more substantial modern comforts than much of Winnipeg's older housing stock.
Section 2: Frequently Asked Questions
1. Is the property fairly priced compared to the area?
Based on the provided data, the home's assessed value is below the average for Colby Avenue itself, which could indicate a competitive starting point relative to direct neighbors, though market conditions and interior condition are the final determinants.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent, as it could range from cosmetic updates to a fully developed legal suite.
3. How does the living space compare to nearby homes?
At 2,033 sqft, the living area is slightly above the average for both Colby Avenue and the broader Fairfield Park neighborhood, offering more interior space than many comparable local properties.
4. The home sold in March 2022 for $600k. How is the current assessed value relevant?
The assessed value ($53.10k) is for municipal tax purposes and is not an indicator of market value. The 2022 sale price is a more relevant recent market benchmark, but it should be considered alongside current market trends and any changes made to the property since.
5. What are the implications of the build year (2005)?
A 2005 build means major components like the roof, windows, and HVAC system are likely approaching or within their typical lifespan for replacement. This is not a drawback, but it warrants a thorough inspection to anticipate future maintenance, unlike a brand-new home.
