26 Oswald Bay

Elmhurst, Winnipeg

Property score

81.7

Excellent

Overall 81.7 · Larger than most nearby homes

1,791 sqft (top 28%) · Built in 1979 (1 yr older than avg)

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

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

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 82%French · 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

81.7 is composed by the two sections below.

Property Score

77.9Good
Living Area86
1,791 sqftExcellent
Year Built67
1979Good
Lot Size74
5,890 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

87.4Excellent
Household Income90
Excellent
Education Level91
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health42
Low

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: #46110354

Community deep dive

$116K

Median household income

$132K

Average household income

2%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

13%

Single-person households

29%

Families with children

Population, labour & age

Population (2021)472
Labour force participation rate50%
Median age49.6
Avg household size2.6
Unemployment rate11%
Population density1815 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households13%
Couple families with children29%
Median household income (2020)$116K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority7%
Bachelor's or higher (25–64)57%
Mother tongue (1st)English · 81%
Mother tongue (2nd)French · 2%

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

Rankings

Living Area

above average
1,791 sqft
0255075100
Same streetTop 39%Same areaTop 28%CitywideTop 18%
Same street · Oswald Bay
#9 / 23
Top 39% · Avg 1,681 sqft
Same area · Elmhurst
#417 / 1,480
Top 28% · Avg 1,523 sqft
Citywide · Winnipeg
#34,049 / 194,458
Top 18% · Avg 1,342 sqft

Tax-Assessed Value

above average
507k
0255075100
Same streetTop 35%Same areaTop 28%CitywideTop 19%
Same street · Oswald Bay
#8 / 23
Top 35% · Avg 493k
Same area · Elmhurst
#415 / 1,480
Top 28% · Avg 460.2k
Citywide · Winnipeg
#36,270 / 194,458
Top 19% · Avg 390.1k

Year Built

above average
1979
0255075100
Same streetTop 22%Same areaBottom 43%CitywideTop 34%

Lot Size

around average
5,890 sqft
0255075100
Same streetBottom 22%Same areaBottom 26%CitywideTop 35%

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

26 Oswald Bay — 11 amenities found within 500 m, across 6 categories, including 3 dining (nearest 430 m), 1 healthcare (nearest 444 m), 1 shopping (nearest 432 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

Sold 8/2024CA$650k–700k
Sold price

Same street

Top 38%

Same area

Top 7%

City-wide

Top 5%
Sold 3/2023CA$650k–700k
Sold price

Same street

Top 25%

Same area

Top 6%

City-wide

Top 4%

Related homes

Highlights & common questions: 26 Oswald Bay, Winnipeg

Property Overview & Appeal

This two-storey home on a large, 5,890 sqft lot in Elmhurst offers a classic and practical living space. Built in 1979, its key characteristics include a generous 1,791 sqft of living area and a finished basement, providing ample room for a family. While it lacks a garage or pool, its appeal lies in its established neighbourhood setting and its strong performance as a tangible asset. Recent sale prices have significantly exceeded its assessed value, indicating high buyer demand and a competitive market history for this specific home.

It would suit buyers looking for a move-in ready, no-fuss family home in a mature area, particularly those who value private outdoor space over attached parking. It also presents a compelling case for value-conscious buyers who pay attention to market momentum, as the consistent premium paid at sale suggests a property that holds its worth well in its peer group. A less obvious angle is its potential appeal to those wary of newer, tightly packed subdivisions, as it offers the space and character of an older community.

Frequently Asked Questions

1. Why is the recent sale price so much higher than the city’s assessed value?
Property assessments are for taxation purposes and often lag behind rapid market movements. The consecutive sales at a premium indicate strong, market-driven buyer competition for this home and its specific attributes.

2. What does the "ranking" data for the street, community, and city mean?
These rankings compare this home against others in its immediate area and citywide on metrics like size, age, and value. For example, being newer than 78% of homes on its street is a positive, while being larger than 84% of all Winnipeg homes highlights its above-average living space.

3. Is the lack of a garage a significant drawback?
This depends on buyer priorities. For some, it’s a major inconvenience. For others, the large lot may offer room to add a shed or future garage, and the trade-off for more house and yard space at this price point is acceptable.

4. The home is 47 years old. What should I be mindful of?
While the finished basement suggests updates, a home of this age will have core systems (like roof, windows, plumbing, and electrical) that are likely original or nearing the end of their service life. A thorough inspection is essential to budget for any upcoming maintenance.

5. It sold very recently in 2023 and again in 2024. Is this a concern?
Not necessarily. The quick resale could be due to many neutral life events (relocation, change in family size). Crucially, the stable sale price between the two transactions suggests the property wasn’t flipped after a quick renovation, but rather held its market value consistently.