490 Edison Avenue

Rossmere-A, Winnipeg

Property score

65.0

Good

Overall 65.0 · Compared with neighbourhood average

1,053 sqft (bottom 47%) · Built in 1960 (4 yrs older than avg)

Located in a high-income area with median household income of ~93k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby

Living Area

Near average

6% smaller than neighborhood avg.

Taon ng Paggawa

Near average

4 yrs older than neighborhood avg.

Mother tongue

English · 72%French · 3%

Past 10 years Rossmere-A sales snapshot (~80% of all data)

Sold Count

1,159

Median price

370k

$/sqft

$358/sqft

Avg build year

1964

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Property score

65.0 is composed by the two sections below.

Property Score

55.0Fair
Living Area1,053 sqft52Fair
Taon ng Paggawa196043Low
Lupa6,048 sqft81Excellent
Neighbourhood Sales Activity61Fair

Community Score

80.1Excellent
Household Income82Excellent
Education Level54Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Istatistika ng benta ng komunidad

Rossmere-A

How to read: Share of sales in each ~$50k price band for “rossmere-a” (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: #46110724

Community deep dive

$93K

Median household income

$105K

Average household income

5%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

26%

Single-person households

31%

Families with children

Population, labour & age

Population (2021)528
Labour force participation rate72%
Median age36.0
Avg household size2.6
Unemployment rate3%
Population density2640 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households26%
Couple families with children31%
Median household income (2020)$93K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority7%
Bachelor's or higher (25–64)25%
Mother tongue (1st)English · 72%
Mother tongue (2nd)French · 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
1,053 sqft
0255075100
Same streetTop 48%Same areaBottom 47%CitywideBottom 34%
Same street · Edison Avenue
#63 / 131
Top 48% · Avg 1,182 sqft
Same area · Rossmere-A
#1,656 / 3,143
Bottom 47% · Avg 1,116 sqft
Citywide · Winnipeg
#128,770 / 194,458
Bottom 34% · Avg 1,342 sqft

Assessed Value

karaniwan
335k
0255075100
Same streetTop 34%Same areaTop 43%CitywideBottom 41%
Same street · Edison Avenue
#45 / 131
Top 34% · Avg 339k
Same area · Rossmere-A
#1,362 / 3,143
Top 43% · Avg 329.8k
Citywide · Winnipeg
#115,138 / 194,458
Bottom 41% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1960
0255075100
Same streetTop 25%Same areaBottom 47%CitywideBottom 42%

Lupa

lampas sa average
6,048 sqft
0255075100
Same streetTop 37%Same areaTop 30%CitywideTop 30%

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

490 Edison Avenue — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 215 m), 3 parks (nearest 282 m).

Search radius
🏫Education1
🌳Parks3
Worship1

Crime & Safety

Rossmere-A · WPS public data · 2026

Annual incidents

81

2026

vs. city avg

+175%

relative to avg

Year-over-year

-90%

vs. prior year

Primary type

Property

67%

Kasaysayan ng Benta

Naibenta 9/2017CA$250k–300k
Presyo ng benta

Parehong kalye

Bottom 44%

Parehong lugar

Bottom 41%

Buong lungsod

Bottom 36%

Related homes

Mga tampok at karaniwang tanong: 490 Edison Avenue, Winnipeg

Property Overview: 490 Edison Avenue, Winnipeg

Key Characteristics & Appeal

This home at 490 Edison Avenue in Rossmere-A is a quintessential Winnipeg property that offers solid, middle-of-the-road metrics and predictable value. Built in 1960, its construction year is notably above average for its immediate street. The 1,053 sqft living area is consistently "around average" when compared to the street, neighborhood, and city, indicating it's a comfortably sized home for the area without being an outlier. The lot size of 6,048 sqft is a standout feature, ranking above average for both the neighborhood and city, offering more outdoor space than many comparable properties.

Its primary appeal lies in its stability and alignment with community norms. The assessed value of $335k sits below the Winnipeg city average for similar homes, suggesting a potentially accessible entry point into the market. This isn't a flashy, fully renovated showhome, but rather a property that represents a known quantity—a standard-sized home on a generous lot in an established neighborhood. It would suit pragmatic first-time buyers or investors looking for a straightforward, no-surprises property with room to grow, or downsizers seeking a manageable home with a good-sized yard without paying a premium for above-average square footage.

Frequently Asked Questions

1. How does this home's value compare to recent sales on the street?
Public data shows homes on Edison Avenue sold in a range of $250k-$300k back in September 2017. The current assessed value of $335k is above that historical range, reflecting broader market changes. It ranks in the top 34% for assessed value on the street, indicating it is viewed as a higher-value property within its immediate block.

2. Is the lot size a major advantage?
Yes, particularly at the neighborhood level. The lot is larger than approximately 70% of comparable properties in Rossmere-A, which is a significant advantage for privacy, gardening, or future expansion compared to other homes in the area.

3. What does "around average" for living area really mean for daily life?
With 1,053 sqft, the home provides the typical space found in many Winnipeg houses from this era. It’s sufficient for a small family or couple but may feel compact by modern open-concept standards. The data confirms you are getting the standard expected for the community, not more or less.

4. The home was built in 1960. Should I be concerned about major updates?
The year of build (1960) is actually above average for the street. This means many neighboring homes are of a similar vintage. Buyers should budget for expected maintenance and potential updates common to homes of this age, such as roofing, windows, or mechanical systems, but this is typical for the area.

5. How does this property fit within the wider Winnipeg market?
Citywide, this home sits in a unique position: its assessed value is in the top 59%, yet its living area is only in the top 66%. This suggests you may be paying more for the property's lot, location, or specific characteristics than for its interior square footage compared to the entire city. It represents better value within its specific neighborhood context.

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