40 Talbot Avenue

Glenelm, Winnipeg

Property score

44.1

Below average

Overall 44.1 · Smaller but newer than most nearby homes

852 sqft (bottom 26%) · Built in 1952 (27 yrs newer than avg)

Located in a above-average income area with median household income of ~64k

Transit 82.0 · 6-min walk to transit with 6 nearby routes · Within 500m: 1 school, 4 parks, and 1 place of worship nearby

Living Area

Below average

27% smaller than neighborhood avg.

Taon ng Paggawa

Above average

27 yrs newer than neighborhood avg.

Mother tongue

English · 78%Tagalog · 2%

Past 10 years Glenelm sales snapshot (~80% of all data)

Sold Count

367

Median price

261.1k

$/sqft

$330/sqft

Avg build year

1925

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Property score

44.1 is composed by the two sections below.

Property Score

35.2Low
Living Area852 sqft32Low
Taon ng Paggawa195236Low
Lupa3,497 sqft38Low
Neighbourhood Sales Activity61Fair

Community Score

57.5Fair
Household Income66Good
Education Level22Low
Housing Stress83Excellent
Core Housing Need76Good
Employment Health42Low

Istatistika ng benta ng komunidad

Glenelm

How to read: Share of sales in each ~$50k price band for “glenelm” (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: #46110680

Community deep dive

$64K

Median household income

$71K

Average household income

16%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.1

P90 / P10 ratio

35%

Single-person households

20%

Families with children

Population, labour & age

Population (2021)455
Labour force participation rate54%
Median age36.8
Avg household size2.3
Unemployment rate19%
Population density2676 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households35%
Couple families with children20%
Median household income (2020)$64K

Housing

Renter households37%
Condominium dwellings7%
Median dwelling value (owners)$200K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority10%
Bachelor's or higher (25–64)13%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Tagalog · 2%

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

Mga ranggo

Living Area

karaniwan
852 sqft
0255075100
Same streetBottom 36%Same areaBottom 26%CitywideBottom 13%
Same street · Talbot Avenue
#244 / 384
Bottom 36% · Avg 997 sqft
Same area · Glenelm
#626 / 842
Bottom 26% · Avg 1,165 sqft
Citywide · Winnipeg
#169,605 / 194,458
Bottom 13% · Avg 1,342 sqft

Assessed Value

lampas sa average
305k
0255075100
Same streetTop 12%Same areaTop 17%CitywideBottom 31%
Same street · Talbot Avenue
#46 / 384
Top 12% · Avg 239.3k
Same area · Glenelm
#145 / 842
Top 17% · Avg 254.5k
Citywide · Winnipeg
#134,804 / 194,458
Bottom 31% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1952
0255075100
Same streetTop 37%Same areaTop 6%CitywideBottom 30%

Lupa

karaniwan
3,497 sqft
0255075100
Same streetBottom 29%Same areaTop 35%CitywideBottom 19%

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

40 Talbot Avenue — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 444 m), 4 parks (nearest 213 m).

Search radius
🏫Education1
🌳Parks4
Worship1

Crime & Safety

Glenelm · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

69%

Kasaysayan ng Benta

Naibenta 7/2021CA$250k–300k
Presyo ng benta

Parehong kalye

Top 18%

Parehong lugar

Top 22%

Buong lungsod

Bottom 37%

Related homes

Mga tampok at karaniwang tanong: 40 Talbot Avenue, Winnipeg

Property Overview: 40 Talbot Avenue, Glenelm

Key Characteristics & Appeal

This one-storey home in the Glenelm neighborhood presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 852 sqft main floor. The detached garage offers additional storage or workshop potential. Built in 1952, the home is notably newer than many in the historic Glenelm area, which may suggest fewer concerns related to the age of core systems compared to its peers.

The appeal lies in its strong value proposition within its immediate context. The assessed value is well above average for both Talbot Avenue and the Glenelm area, indicating that municipal assessment recognizes a premium relative to nearby properties. This, combined with the renovated basement, suggests the home has been updated. However, the living space is modest, below the neighborhood average, making it a more compact footprint.

This property would suit first-time buyers or downsizers seeking an established neighborhood character without the extreme upkeep that can come with Glenelm's older housing stock. It’s a pragmatic choice for someone who values location and a move-in-ready basement over sheer square footage. The lot size is smaller than average on its street, which translates to less yard maintenance—a perk for some, a drawback for others.


Frequently Asked Questions

1. Is the assessed value a good indicator of the likely selling price?
While the assessed value ($30.50k) is used for property tax calculation and is high for the area, market sale prices are determined by current buyer demand. The last recorded sale in 2021 was in the $27.5k-$30.5k range, providing a recent benchmark.

2. How does the home's size compare to others?
At 852 sqft of living area, the home is below the average for both Glenelm (1,165 sqft) and Winnipeg overall. It offers efficient, compact living rather than spaciousness.

3. 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, permits, and the nature of the space (e.g., recreational room, suite, additional bedrooms).

4. The home is newer than most in Glenelm. Is that an advantage?
A 1952 build date is newer than the neighborhood average (1925), which can be an advantage in terms of potentially updated wiring, plumbing, or foundation standards compared to much older homes. It retains the neighborhood charm but may have undergone fewer major renovations over its lifetime.

5. How does the lot size impact the property?
The 3,497 sqft lot is below average for Talbot Avenue. This means a smaller yard, which reduces maintenance but also limits outdoor space for gardening, play, or expansion. The proximity to neighboring homes is likely closer.

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