Property score
82.9
Excellent
Overall 82.9 · Larger and newer than most nearby homes
2,682 sqft (top 5%) · 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
43% 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
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82.9 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
1131 Colby Avenue — 21 amenities found within 500 m, across 7 categories, including 11 dining (nearest 263 m), 4 healthcare (nearest 192 m), 1 shopping (nearest 243 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 35% | Top 31% | Top 8% |
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: 1131 Colby Avenue, Fairfield Park, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fairfield Park is distinguished by its generous scale and modern foundation. Built in 2007, it offers a move-in-ready age with less concern for major system overhauls. Its primary appeal lies in its significant living space—at 2,682 sqft, it ranks in the top 2% of homes citywide—paired with a fully renovated basement, providing ample room for family life, entertaining, or flexible work-from-home arrangements. The attached garage and a larger-than-average lot for the area (over 6,000 sqft) add practical value.
The home’s assessed value places it well above average for Winnipeg, suggesting a premium property in a desirable setting. It suits buyers looking for a spacious, turnkey family home in a well-established neighborhood without the quirks and maintenance demands of an older character property. It’s an ideal fit for professionals or growing families who prioritize interior space, modern amenities, and a low-maintenance lifestyle over seeking a historic fixer-upper.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in 2020 for $590,000. Its current assessed value is significantly lower, which is typical, as municipal assessments for tax purposes often don't directly reflect current market value. Prospective buyers should consider recent comparable sales in Fairfield Park for a true market picture.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the presence of legal egress, ceiling height, and whether it includes a bathroom or kitchenette to understand its full utility and value.
3. Is the lot size a advantage here?
At over 6,000 sqft, the lot is above average for both the street and the Fairfield Park area. This allows for more private outdoor space, potential landscaping projects, or additions like a deck or shed, which can be a rarity in newer subdivisions.
4. The home ranks "Elite" for size but not for assessed value on its street. What does that indicate?
This suggests that on Colby Avenue, the home is among the very largest (top 2%) but not the highest assessed. This could mean the street has a mix of very substantial homes, or that factors like specific upgrades, view, or condition influence assessments. It highlights the importance of viewing the property in person to gauge its finish relative to neighbors.
5. What is the significance of the consistent "above average" rankings across categories?
The home consistently ranks above the median in its immediate area for year built, lot size, and assessed value. This indicates a property that is not an outlier in any one negative aspect but represents a solid, well-above-average offering within its own neighborhood context, potentially offering good long-term stability.
