1220 Colby Avenue

Fairfield Park, Winnipeg

Property score

88.1

Excellent

Overall 88.1 · Compared with neighbourhood average

1,972 sqft (top 42%) · Built in 2006 (1 yr newer than avg)

Located in a high-income area with median household income of ~116k

Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 9 dining spots, 3 healthcare facilitys, 1 shop, and 1 bank/ATM nearby

Living Area

Near average

5% larger than neighborhood avg.

Taon ng Paggawa

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)

Sold Count

216

Median price

820k

$/sqft

$344/sqft

Avg build year

2005

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Property score

88.1 is composed by the two sections below.

Property Score

90.1Excellent
Living Area92
1,972 sqftExcellent
Taon ng Paggawa90
2006Excellent
Lupa81
6,149 sqftExcellent
Neighbourhood Sales Activity96
Excellent

Community Score

85.1Excellent
Household Income90
Excellent
Education Level91
Excellent
Housing Stress63
Fair
Core Housing Need88
Excellent
Employment Health68
Good

Istatistika ng benta ng komunidad

Fairfield Park

How to read: Share of sales in each ~$50k price band for “fairfield park” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111192

Community deep dive

$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

Population, labour & age

Population (2021)2,238
Labour force participation rate70%
Median age36.8
Avg household size3.4
Unemployment rate12%
Population density4144 / km²

Households & income

Low income (LIM-AT, % pop.)17%
Single-person households9%
Couple families with children45%
Median household income (2020)$116K

Housing

Renter households5%
Condominium dwellings10%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)44%
Visible minority70%
Bachelor's or higher (25–64)57%
Mother tongue (1st)English · 37%
Mother tongue (2nd)Chinese · 21%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

lampas sa average
1,972 sqft
0255075100
Same streetBottom 38%Same areaTop 42%CitywideTop 12%
Same street · Colby Avenue
#36 / 58
Bottom 38% · Avg 1,988 sqft
Same area · Fairfield Park
#186 / 439
Top 42% · Avg 1,878 sqft
Citywide · Winnipeg
#22,438 / 194,458
Top 12% · Avg 1,342 sqft

Assessed Value

lampas sa average
553k
0255075100
Same streetBottom 45%Same areaBottom 49%CitywideTop 12%
Same street · Colby Avenue
#32 / 58
Bottom 45% · Avg 581.1k
Same area · Fairfield Park
#222 / 439
Bottom 49% · Avg 568k
Citywide · Winnipeg
#23,975 / 194,458
Top 12% · Avg 390.1k

Taon ng Paggawa

lampas sa average
2006
0255075100
Same streetTop 38%Same areaBottom 35%CitywideTop 14%

Lupa

lampas sa average
6,149 sqft
0255075100
Same streetTop 10%Same areaTop 18%CitywideTop 28%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

1220 Colby Avenue — 17 amenities found within 500 m, across 6 categories, including 9 dining (nearest 446 m), 3 healthcare (nearest 330 m), 1 shopping (nearest 352 m).

Search radius
🍽️Dining9
🏥Healthcare3
🛒Shopping1
🏦Finance1
Fuel Stations1
Worship2

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 4/2024CA$500k–550k
Presyo ng benta

Parehong kalye

Bottom 48%

Parehong lugar

Top 48%

Buong lungsod

Top 12%
Naibenta 8/2017CA$450k–500k
Presyo ng benta

Parehong kalye

Bottom 17%

Parehong lugar

Bottom 19%

Buong lungsod

Top 23%

Related homes

Mga tampok at karaniwang tanong: 1220 Colby Avenue, Winnipeg

Property Overview: 1220 Colby Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home in Fairfield Park is a balanced offering that combines comfortable, modern living with a generous lot. Built in 2006, it features nearly 2,000 sqft of living space, a renovated basement, and an attached garage. The standout feature is its land: at over 6,100 sqft, the lot size is well above average for both the immediate street and the wider neighborhood, offering notable outdoor space and potential.

Its appeal lies in its solid positioning as a "middle ground" property. It isn't the largest or most expensive home on the block, but it consistently ranks above the city-wide average in size, lot, and value. This suggests a home that provides more space and newer construction than much of Winnipeg, while remaining typical and integrated within its established community. The recently renovated basement adds immediate move-in appeal.

This property would suit practical buyers looking for a family home without extreme premiums. It’s ideal for those who value a larger yard for children or gardening more than having the biggest house on the street. It also suits value-conscious buyers who appreciate that the home is newer than the city median, potentially reducing immediate repair costs, while the lot size offers a long-term asset that is becoming rarer in newer subdivisions.

Frequently Asked Questions

1. How does this home compare to others in the area?
Within Fairfield Park, the living space and assessed value are around the neighborhood average. Its key advantage is the lot size, which is in the top 20% for the area, and its construction date is newer than about two-thirds of area homes.

2. What does the "renovated basement" include?
Specific finishes and the scope of the renovation should be verified with the listing agent or through a viewing. It indicates updated living space below grade, but details on permits, materials, and the work's date are important to confirm.

3. Has the property value increased?
The home sold for $450,000 in 2017 and $540,000 in April 2024. This represents a noticeable increase over seven years. A qualified real estate professional can provide context on how this trend compares to the local market.

4. Is the lot size a significant advantage?
Yes. A lot of over 6,000 sqft in a 2006-built home is less common and provides more private outdoor space, room for additions like a deck or shed, and better spacing from neighbors compared to many modern lots.

5. What is the typical community and street traffic like?
The listing shows several nearby properties on the same block, suggesting a settled, residential street. For specifics on traffic flow, noise, and community atmosphere, visiting at different times of day and speaking with neighbors is highly recommended.