43 Oswald Bay

Elmhurst, Winnipeg

Property score

83.4

Excellent

Overall 83.4 · Larger than most nearby homes

1,853 sqft (top 24%) · Built in 1978 (2 yrs older than avg)

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

Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 1 healthcare facility, 1 shop, and 4 parks nearby

Living Area

Above average

22% larger than neighborhood avg.

Year Built

Below average

2 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

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

83.4 is composed by the two sections below.

Property Score

80.8Excellent
Living Area89
1,853 sqftExcellent
Year Built67
1978Good
Lot Size81
6,130 sqftExcellent
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
1,853 sqft
0255075100
Same streetTop 35%Same areaTop 24%CitywideTop 15%
Same street · Oswald Bay
#8 / 23
Top 35% · Avg 1,681 sqft
Same area · Elmhurst
#353 / 1,480
Top 24% · Avg 1,523 sqft
Citywide · Winnipeg
#29,604 / 194,458
Top 15% · Avg 1,342 sqft

Tax-Assessed Value

above average
518k
0255075100
Same streetTop 30%Same areaTop 25%CitywideTop 17%
Same street · Oswald Bay
#7 / 23
Top 30% · Avg 493k
Same area · Elmhurst
#363 / 1,480
Top 25% · Avg 460.2k
Citywide · Winnipeg
#33,072 / 194,458
Top 17% · Avg 390.1k

Year Built

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

Lot Size

above average
6,130 sqft
0255075100
Same streetBottom 39%Same areaBottom 33%CitywideTop 28%

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

43 Oswald Bay — 12 amenities found within 500 m, across 6 categories, including 4 dining (nearest 359 m), 1 healthcare (nearest 368 m), 1 shopping (nearest 381 m).

Search radius
🍽️Dining4
🏥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 6/2022CA$600k–650k
Sold price

Same street

Top 50%

Same area

Top 9%

City-wide

Top 6%

Related homes

Highlights & common questions: 43 Oswald Bay, Winnipeg

Property Overview

This two-storey home in Elmhurst offers a practical and spacious family layout on a large 6,130 sqft lot. Built in 1978, its key appeal lies in its above-average size, with 1,853 sqft of living space and a finished basement, providing ample room for growth. The property's value is underscored by strong market rankings, placing in the top 15-30% of Winnipeg for both size and assessed value. Its most notable feature is a significant 2022 sale at $628,000, which outperformed 94% of city-wide transactions at that time, indicating a history of strong buyer demand for this specific home. The home suits buyers looking for a move-in ready, established property in a mature neighbourhood who prioritize interior space and a sizable yard over a brand-new build. A thoughtful perspective is that while the home is nearly 50 years old, its recent high-value sale suggests it has been well-maintained or updated, mitigating typical concerns about age.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking "in the top 14%" for living area in Winnipeg means 86% of homes in the city are smaller. This indicates a key strength of the property is its above-average spaciousness.

2. Why was the 2022 sale price so much higher than the current assessed value?
The assessed value ($518,000) is for municipal tax purposes and can lag behind the dynamic real estate market. The 2022 sale price ($628,000) reflects what a buyer was actually willing to pay at the peak of that market cycle, demonstrating the property's high perceived value in competitive conditions.

3. Is the age of the home (built 1978) a concern?
While the home will have systems (like roof, windows, furnace) that may need attention or updating due to its age, the 2022 sale suggests it presented well. A pre-purchase inspection is especially important to identify any upcoming maintenance needs common for homes of this era.

4. Who would this property best suit?
It's ideal for families or those needing space, thanks to its large living area and finished basement. It would also appeal to value-focused buyers who see the benefit of a larger lot and established neighbourhood compared to newer, often denser subdivisions.

5. How does the lot size compare?
At over 6,000 sqft, the lot is very generous for the city. This provides excellent outdoor space for gardening, play, or entertaining, which is a growing priority for many buyers and can be harder to find in newer developments.