542 Ross Avenue

Centennial, Winnipeg

Property score

51.0

Fair

Overall 51.0 · Newer than most nearby homes

1,120 sqft (bottom 37%) · Built in 1986 (60 yrs newer than avg)

Located in a below-average income area with median household income of ~39.2k

Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 8 dining spots, 4 schools, 1 healthcare facility, and 5 shops nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Above average

60 yrs newer than neighborhood avg.

Mother tongue

English · 60%Tagalog · 9%

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

Sold Count

128

Median price

215k

$/sqft

$120/sqft

Avg build year

1926

Need help understanding this property?

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

Property score

51.0 is composed by the two sections below.

Property Score

59.4Fair
Living Area60
1,120 sqftFair
Year Built78
1986Good
Lot Size38
3,205 sqftLow
Neighbourhood Sales Activity42
Low

Community Score

38.4Low
Household Income35
Low
Education Level34
Low
Housing Stress63
Fair
Core Housing Need50
Fair
Employment Health28
Low

Neighbourhood Sales

Centennial

How to read: Share of sales in each ~$50k price band for “centennial” (Detached houses (non-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: #46110176

Community deep dive

$39K

Median household income

$60K

Average household income

38%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.1

P90 / P10 ratio

48%

Single-person households

17%

Families with children

Population, labour & age

Population (2021)722
Labour force participation rate45%
Median age36.4
Avg household size2.5
Unemployment rate16%
Population density2187 / km²

Households & income

Low income (LIM-AT, % pop.)38%
Single-person households48%
Couple families with children17%
Median household income (2020)$39K

Housing

Renter households68%
Condominium dwellings5%
Median dwelling value (owners)$180K

Diversity, education & language

Immigrants (share of pop.)38%
Visible minority39%
Bachelor's or higher (25–64)15%
Mother tongue (1st)English · 59%
Mother tongue (2nd)Tagalog · 9%

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

Rankings

Living Area

above average
1,120 sqft
0255075100
Same streetTop 25%Same areaBottom 37%CitywideBottom 42%
Same street · Ross Avenue
#96 / 380
Top 25% · Avg 1,020 sqft
Same area · Centennial
#238 / 375
Bottom 37% · Avg 1,348 sqft
Citywide · Winnipeg
#112,617 / 194,458
Bottom 42% · Avg 1,342 sqft

Tax-Assessed Value

around average
180k
0255075100
Same streetBottom 43%Same areaTop 36%CitywideBottom 6%
Same street · Ross Avenue
#216 / 380
Bottom 43% · Avg 200.4k
Same area · Centennial
#134 / 375
Top 36% · Avg 167.9k
Citywide · Winnipeg
#183,168 / 194,458
Bottom 6% · Avg 390.1k

Year Built

above average
1986
0255075100
Same streetTop 19%Same areaTop 14%CitywideTop 27%

Lot Size

around average
3,205 sqft
0255075100
Same streetTop 43%Same areaTop 49%CitywideBottom 15%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

542 Ross Avenue — 28 amenities found within 500 m, across 6 categories, including 8 dining (nearest 103 m), 4 education (nearest 254 m), 1 healthcare (nearest 234 m).

Search radius
🍽️Dining8
🏫Education4
🏥Healthcare1
🛒Shopping5
🌳Parks6
Worship4

Crime & Safety

Centennial · WPS public data · 2026

Annual incidents

67

2026

vs. city avg

+127%

relative to avg

Year-over-year

-94%

vs. prior year

Primary type

Property

51%

Sales History

Sold 1/2024CA$150k–200k
Sold price

Same street

Bottom 47%

Same area

Top 30%

City-wide

Bottom 8%
Sold 3/2016CA$150k–200k
Sold price

Same street

Bottom 37%

Same area

Top 38%

City-wide

Bottom 6%

Related homes

Highlights & common questions: 542 Ross Avenue, Winnipeg

Property Overview: 542 Ross Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Ross Avenue in the Centennial neighbourhood presents a practical and value-oriented opportunity. Built in 1986, it is notably newer than many surrounding homes, offering modern construction fundamentals. With 1,120 sqft of living space, it provides comfortable room for a small household or first-time buyer. A key feature is the renovated basement, adding functional space. The lot size is standard for the street, offering manageable outdoor space without excessive upkeep.

The primary appeal lies in its relative modernity and solid positioning within its immediate area. For its street and neighbourhood, the home ranks above average in year built and living area, while its assessed value sits around the local average. This suggests you are getting a newer, reasonably sized home without a premium price tag for the locale. It would suit a first-time homebuyer, an investor looking for a manageable rental property, or someone seeking a straightforward, no-frills home in a central Winnipeg neighbourhood. The lack of a garage and pool points to a simpler, lower-maintenance lifestyle.

A less obvious perspective is the potential for stability. While its city-wide assessed value is below average, its consistent performance within its own community suggests it is insulated from the wilder swings of the broader market. It represents a grounded entry into homeownership focused on necessity rather than luxury.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
It ranks well, particularly for its newer age (top 19% on Ross Ave) and larger living area (top 25%). Its assessed value is very close to the street average.

2. What is the neighbourhood like for property values?
In the Centennial neighbourhood, this home’s metrics are generally around or above average compared to similar properties, indicating a stable, established area without extreme highs or lows.

3. Has the property value changed over time?
Previous sale data shows a sale in 2016 for $170,000 and a more recent transaction in early 2024 for $185,000, indicating modest appreciation over an eight-year period.

4. Is the lot size a pro or a con?
The 3,205 sqft lot is very typical for the area—smaller than the city average but standard for Centennial. It’s a pro for lower maintenance but a con if you desire extensive outdoor space.

5. What should I consider about the "renovated basement"?
While a positive, it’s important to verify the scope, quality, and permits of the renovation, as well as its impact on the home’s overall moisture management and livable space.