Property score
80.7
Excellent
Overall 80.7 · 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 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 5 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
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80.7 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
1223 Colby Avenue — 13 amenities found within 500 m, across 6 categories, including 5 dining (nearest 466 m), 2 healthcare (nearest 292 m), 1 shopping (nearest 308 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 30% | Bottom 38% | Top 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 11% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This 1,483 sqft, two-story home at 1223 Colby Avenue in Fairfield Park is a well-maintained property built in 2006. Its key features include a renovated basement and an attached garage. The home sits on a 5,237 sqft lot, which is a comfortable size for the neighborhood.
The appeal here is one of balance and practicality. While its living space is modest for the immediate street and area, it is a modern, move-in-ready home in a community of older properties, as reflected by its above-average citywide age ranking. Its assessed value of $490k is notably high for the street but positions it as a premium property within the wider Winnipeg market. This creates an interesting dynamic: it’s a higher-value home on a street of more modestly assessed properties, which could appeal to buyers looking for a modernized base in an established area without the upkeep of a true heritage home.
This property would suit a buyer who prioritizes modern construction and recent updates over sheer square footage. It’s ideal for professionals, small families, or downsizers seeking a low-maintenance home in a mature neighborhood, who are comfortable that their investment is at the higher end for the specific block but solidly positioned city-wide.
Frequently Asked Questions
1. Is the house small for the neighborhood?
Yes, in terms of living space. At 1,483 sqft, it ranks below the average for both Colby Avenue and the broader Fairfield Park area. However, its layout and renovated condition may use the space efficiently.
2. Why is the assessed value so high compared to the street average?
The assessed value of $490k is significantly above the street average (~$58k), indicating the city views this as a substantially improved and modern property compared to many of its neighbors. This is likely due to its newer construction (2006) and renovations.
3. What does the sale history indicate?
The home sold for $430k in 2016 and then for $515k in 2023. This shows strong appreciation over that seven-year period, reflecting the added value of the basement renovation and broader market trends.
4. Is the lot size a drawback?
The lot is smaller than average for Colby Avenue but is generally in line with the Fairfield Park area and city-wide averages. It provides a standard urban yard space without extensive maintenance demands.
5. Who would this property not suit?
Buyers seeking a large family home with ample room for expansion, or those sensitive to owning one of the more highly assessed properties on the block, might find better options elsewhere. It’s geared toward those valuing modern convenience over maximum size.
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