2 Oswald Bay

Elmhurst, Winnipeg

Property score

78.6

Good

Overall 78.6 · Compared with neighbourhood average

1,475 sqft (top 50%) · Built in 1978 (2 yrs older than avg)

Located in a high-income area with median household income of ~112k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 healthcare facility, 1 shop, and 4 parks nearby

Living Area

Near average

3% smaller than neighborhood avg.

Year Built

Below average

2 yrs older than neighborhood avg.

Mother tongue

English · 75%Chinese · 2%

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

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

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Property score

78.6 is composed by the two sections below.

Property Score

73.0Good
Living Area1,475 sqft75Good
Year Built197867Good
Lot Size6,909 sqft85Excellent
Neighbourhood Sales Activity37Low

Community Score

86.9Excellent
Household Income89Excellent
Education Level91Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health42Low

Neighbourhood Sales

Elmhurst

How to read: Share of sales in each ~$50k price band for “elmhurst” (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: #46110355

Community deep dive

$112K

Median household income

$154K

Average household income

5%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.6

P90 / P10 ratio

9%

Single-person households

28%

Families with children

Population, labour & age

Population (2021)265
Labour force participation rate46%
Median age54.8
Avg household size2.5
Unemployment rate9%
Population density828 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households9%
Couple families with children28%
Median household income (2020)$112K

Housing

Renter households9%
Condominium dwellings0%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority5%
Bachelor's or higher (25–64)56%
Mother tongue (1st)English · 75%
Mother tongue (2nd)Chinese · 1%

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

Rankings

Living Area

around average
1,475 sqft
0255075100
Same streetBottom 35%Same areaTop 50%CitywideTop 32%
Same street · Oswald Bay
#15 / 23
Bottom 35% · Avg 1,681 sqft
Same area · Elmhurst
#733 / 1,480
Top 50% · Avg 1,523 sqft
Citywide · Winnipeg
#62,221 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
411k
0255075100
Same streetBottom 4%Same areaBottom 33%CitywideTop 36%
Same street · Oswald Bay
#22 / 23
Bottom 4% · Avg 493k
Same area · Elmhurst
#989 / 1,480
Bottom 33% · Avg 460.2k
Citywide · Winnipeg
#69,464 / 194,458
Top 36% · Avg 390.1k

Year Built

around average
1978
0255075100
Same streetTop 48%Same areaBottom 39%CitywideTop 35%

Lot Size

above average
6,909 sqft
0255075100
Same streetTop 35%Same areaBottom 48%CitywideTop 18%

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

2 Oswald Bay — 11 amenities found within 500 m, across 6 categories, including 3 dining (nearest 453 m), 1 healthcare (nearest 498 m), 1 shopping (nearest 445 m).

Search radius
🍽️Dining3
🏥Healthcare1
🛒Shopping1
🌳Parks4
🏦Finance1
Worship1

Crime & Safety

Elmhurst · WPS public data · 2026

Annual incidents

5

2026

vs. city avg

-83%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

80%

Sales History

2 Oswald Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 2 Oswald Bay, Winnipeg

Property Summary: 2 Oswald Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home built in 1978 on a generous, mature lot of approximately 6,909 sqft in Winnipeg's Elmhurst neighbourhood. Its key features include 1,475 sqft of living space, a finished basement, and an attached garage. The home’s primary appeal lies in its space and established setting, offering more interior room and a larger yard than many Winnipeg properties, as it ranks in the top 29% and 18% respectively for those metrics city-wide.

It particularly suits buyers looking for a solid, no-frills family home in a quiet neighbourhood, where the value is derived from practical space rather than modern finishes. The property represents a classic "good bones" opportunity, ideal for those who appreciate the character of an older home and are either comfortable with its era or see potential in gradual updates. A thoughtful perspective is its strong ranking for lot size, which is a permanent asset that cannot be altered and provides rare room for gardens, play, or expansion in the city. However, its lower rankings on street-level metrics for assessed value and living area suggest it may be a larger, more private property on a street with a mix of home sizes and values.

Frequently Asked Questions

1. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood in Winnipeg. The property rankings show it is in the middle range for the community in terms of home size and value, indicating a stable, mixed area of similar vintage homes.

2. Is the basement included in the square footage?
No. The listed living area of 1,475 sqft refers to the above-ground living space. The home also has a separate, finished basement, which adds additional usable space.

3. How does the assessed value compare to the asking price?
The municipal assessed value is $411,000. It is important to discuss with your real estate agent how this assessment compares to the current market asking price and recent sales of similar homes in the area, as the two figures can differ.

4. What might the rankings mean for future value?
The home ranks highly for its lot size city-wide, which is a lasting positive. Its mid-range rankings within its own immediate street and community for factors like living area and age suggest it is a typical home for the area, which can provide stability rather than outlier risk or reward.

5. What are the considerations for a home built in 1978?
While offering solid construction and spacious layouts, a home of this age will likely have original or older major systems (like roof, windows, plumbing, and electrical). A thorough inspection is essential to understand the condition and plan for any necessary maintenance or updates.

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