Property score
81.4
Excellent
Overall 81.4 · Smaller than most nearby homes
1,483 sqft (bottom 19%) · Built in 2006 (1 yr newer than avg)
Located in a high-income area with median household income of ~116k
Transit 76.0 · 6-min walk to transit with 4 nearby routes · Within 500m: 9 dining spots, 2 healthcare facilitys, 1 shop, and 2 bank/ATMs nearby
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Below average
1 yrs newer than neighborhood avg.
Mother tongue
English · 38%Chinese · 21%
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
81.4 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: #46111192
$116K
Median household income
$130K
Average household income
17%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.2
P90 / P10 ratio
9%
Single-person households
45%
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
1195 Colby Avenue — 17 amenities found within 500 m, across 6 categories, including 9 dining (nearest 385 m), 2 healthcare (nearest 229 m), 1 shopping (nearest 258 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 39% | Bottom 41% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 9% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1195 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, updated cabover-style house built in 2006, featuring an attached garage and a renovated basement. With 1,483 sqft of living space, it sits on a roughly 5,600 sqft lot in Fairfield Park.
Its primary appeal lies in its modern foundation and recent updates, offering move-in readiness without the concerns of an older property. The data presents an interesting perspective: while the home's size and assessed value are below average for its immediate street and neighborhood, they are actually at or above the wider Winnipeg average. This suggests you're getting a relatively modern, city-standard home in a neighborhood where many properties are larger or more highly valued. It suits first-time buyers or downsizers looking for a low-maintenance, contemporary home without a premium neighborhood price tag. It may also appeal to value-oriented investors seeking a newer rental property with recent improvements.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighborhood?
The numbers indicate this home is priced below the Fairfield Park average for both size and assessed value. For a buyer seeking the neighborhood's location but not needing a larger, more expensive home, it represents a potential entry point.
2. What does "below average for the street but above average city-wide" mean?
Colby Avenue and Fairfield Park appear to consist of larger, higher-value homes compared to the entire city. This property is modest in that local context but is actually newer and has a higher assessment than the typical Winnipeg home, highlighting the character of the area.
3. How updated is the renovated basement?
The listing confirms the basement is renovated, but specifics on finish quality, legal permits, and the nature of the space (e.g., recreational, rental suite, additional bedrooms) should be verified with the seller or listing agent.
4. Why is the assessed value so much lower than the recent sale price?
The 2023 sale price of $520k is significantly higher than the listed assessed value of ~$51.7k. In Manitoba, property assessments are not market valuations. They are used for calculating municipal taxes and are typically much lower than actual market sale prices.
5. What is a "cabover" building type?
A cabover design typically means the second story extends over part of the ground floor, often above the garage or entrance. This can create a distinctive street-facing profile and an efficient use of the building footprint.
