Property score
81.5
Excellent
Overall 81.5 · Larger and newer than most nearby homes
2,191 sqft (top 21%) · Built in 2007 (2 yrs newer than avg)
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: 11 dining spots, 4 healthcare facilitys, 1 shop, and 1 park nearby
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Above average
2 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
81.5 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
1127 Colby Avenue — 22 amenities found within 500 m, across 7 categories, including 11 dining (nearest 250 m), 4 healthcare (nearest 193 m), 1 shopping (nearest 245 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 22% | Bottom 29% | Top 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 1127 Colby Avenue in Winnipeg's Fairfield Park neighbourhood presents a well-sized, modern property with a renovated basement and an attached garage. Built in 2007, it offers the advantages of a relatively newer construction, including likely updated building systems and modern layouts, without being brand new. The home's key appeal lies in its above-average space and lot size compared to most local and city-wide benchmarks. With over 2,100 sqft of living area and a 6,147 sqft lot, it provides ample room for families. The renovated basement adds valuable finished space for recreation, a home office, or guests. This property would best suit buyers looking for a move-in ready, spacious family home in a mature neighbourhood, who value the low-maintenance aspects of a newer build and the potential of a finished lower level. A thoughtful perspective is that while its assessed value is strong for the area, its last sale price in 2019 was notably lower, which may indicate room for equity growth or simply reflect market appreciation trends—a point for savvy buyers to investigate.
Frequently Asked Questions
What is the significance of the property rankings provided?
The rankings show how this home compares to others on its street, in Fairfield Park, and across Winnipeg. For key metrics like living area and lot size, it consistently places in the top 30% or better, confirming it is a larger-than-average property for its location.
Is the basement renovation a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the municipality if a separate entrance or kitchen exists and whether any renovations were permitted, as this affects its use and value.
How does the 2019 sale price relate to the current assessed value?
The home sold for $47.50k in 2019 and now has an assessed value of $59.80k. This increase reflects market changes and the renovated basement. It’s important to note that assessed value is for tax purposes; market value is determined by current buyer demand.
What are the utility costs for a home of this size and age?
While not listed, a 2007-built, 2,191 sqft home will have modern insulation and efficient systems. Costs should be relatively predictable compared to older homes, but requesting past utility bills from the sellers is always recommended for accurate budgeting.
How does the lack of a pool affect the property's appeal and maintenance?
The listing confirms no pool. This is often a positive for families with young children seeking a safer, lower-maintenance yard and for buyers who prefer to use the large lot for other purposes like gardening or play structures, without the ongoing cost and upkeep of a pool.
