Property score
89.5
Excellent
Overall 89.5 · Larger and newer than most nearby homes
2,445 sqft (top 8%) · Built in 2008 (3 yrs 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: 10 dining spots, 3 healthcare facilitys, 1 shop, and 2 bank/ATMs nearby
Living Area
Above average
30% larger than neighborhood avg.
Year Built
Above average
3 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
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89.5 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: #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
1204 Colby Avenue — 19 amenities found within 500 m, across 6 categories, including 10 dining (nearest 386 m), 3 healthcare (nearest 294 m), 1 shopping (nearest 324 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 4% | Top 5% | Top 2% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1204 Colby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fairfield Park stands out for its above-average size and modern build. With 2,445 sqft of living space, it ranks within the top 7-8% of homes in its immediate neighborhood and street, offering significantly more room than the typical Winnipeg house. Built in 2008, it is a relatively newer property in a city where the average home is decades older, suggesting modern construction standards and less immediate need for major updates. The home features an attached garage and a renovated basement, adding functional living and storage space.
Its appeal lies in offering a balanced, spacious family home in a mature neighborhood. The lot size is generous for the area, providing good outdoor space without the excessive maintenance of a much larger yard. The home’s consistent "above average" to "elite" rankings across key metrics—size, assessed value, and age—indicate a property that is a strong performer within its local market context. It last sold in October 2022, providing a relatively recent price benchmark.
This property would best suit buyers looking for a move-in ready, spacious family home who want the established feel of a neighborhood like Fairfield Park without inheriting an older home’s potential repair projects. It’s a practical choice for those prioritizing interior space and modern amenities over a brand-new build in a suburban development.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the expected sale price?
The assessed value of $70.70k is for municipal tax purposes. The sale price from 2022 was $77.40k. Market conditions determine the final sale price, but these figures provide a recent transactional benchmark.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
3. Is the home in a flood zone or have any known environmental concerns?
This information is not provided in the basic details. Due diligence should include checking local floodplain maps and any history of basement water issues, which is a common consideration in Winnipeg.
4. How does the lack of a pool impact the property's value and upkeep?
For many Canadian buyers, not having a pool is seen as a positive, eliminating significant maintenance, safety concerns, and insurance costs. It aligns the property with buyers seeking low-maintenance outdoor space.
5. The home ranks highly for its size locally but is on a smaller lot than the city average. What does this mean?
This indicates the home’s value is driven by its interior living space rather than its land. It’s efficient for its neighborhood, offering ample house on a standard lot—ideal for those who prioritize indoor space over extensive landscaping.
