551 Oakland Avenue

Rossmere-A, Winnipeg

Property score

57.2

Fair

Overall 57.2 · Older than most nearby homes

1,026 sqft (bottom 34%) · Built in 1958 (6 yrs older than avg)

Located in a average-income area with median household income of ~61.6k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 schools, 5 parks, and 1 place of worship nearby

Living Area

Below average

8% smaller than neighborhood avg.

Year Built

Below average

6 yrs older than neighborhood avg.

Mother tongue

English · 65%Punjabi · 2%

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

57.2 is composed by the two sections below.

Property Score

54.0Fair
Living Area1,026 sqft52Fair
Year Built195843Low
Lot Size5,813 sqft74Good
Neighbourhood Sales Activity61Fair

Community Score

62.1Fair
Household Income64Fair
Education Level72Good
Housing Stress42Low
Core Housing Need63Fair
Employment Health52Fair

Neighbourhood Sales

Rossmere-A

How to read: Share of sales in each ~$50k price band for “rossmere-a” (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: #46110721

Community deep dive

$62K

Median household income

$86K

Average household income

13%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.0

P90 / P10 ratio

42%

Single-person households

17%

Families with children

Population, labour & age

Population (2021)863
Labour force participation rate54%
Median age53.2
Avg household size2.0
Unemployment rate8%
Population density6164 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households42%
Couple families with children17%
Median household income (2020)$62K

Housing

Renter households71%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority18%
Bachelor's or higher (25–64)36%
Mother tongue (1st)English · 65%
Mother tongue (2nd)Punjabi · 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
1,026 sqft
0255075100
Same streetBottom 37%Same areaBottom 34%CitywideBottom 29%
Same street · Oakland Avenue
#115 / 183
Bottom 37% · Avg 1,044 sqft
Same area · Rossmere-A
#2,074 / 3,143
Bottom 34% · Avg 1,116 sqft
Citywide · Winnipeg
#138,697 / 194,458
Bottom 29% · Avg 1,342 sqft

Tax-Assessed Value

around average
329k
0255075100
Same streetTop 33%Same areaBottom 49%CitywideBottom 39%
Same street · Oakland Avenue
#60 / 183
Top 33% · Avg 322.1k
Same area · Rossmere-A
#1,589 / 3,143
Bottom 49% · Avg 329.8k
Citywide · Winnipeg
#119,307 / 194,458
Bottom 39% · Avg 390.1k

Year Built

around average
1958
0255075100
Same streetTop 34%Same areaBottom 22%CitywideBottom 39%

Lot Size

above average
5,813 sqft
0255075100
Same streetTop 27%Same areaTop 49%CitywideTop 36%

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

551 Oakland Avenue — 9 amenities found within 500 m, across 3 categories, including 3 education (nearest 151 m), 5 parks (nearest 189 m).

Search radius
🏫Education3
🌳Parks5
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%

Sales History

Sold 10/2023CA$300k–350k
Sold price

Same street

Top 38%

Same area

Top 37%

City-wide

Bottom 48%

Related homes

Highlights & common questions: 551 Oakland Avenue, Winnipeg

Property Overview: 551 Oakland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 551 Oakland Avenue in the Rossmere-A neighborhood presents a classic, no-frills Winnipeg property. Built in 1958, its 1,026 sqft living space is very typical for its immediate street and area, offering a practical layout for everyday living. The standout feature is its lot size: at 5,813 sqft, the property offers a larger-than-average yard for the street, providing valuable outdoor space for gardening, play, or future expansion.

Its appeal lies in its solid positioning as a median property within a well-established community. The municipal tax assessment of $329,000 is consistent with area norms, suggesting a stable, un-inflated value. This isn't a standout luxury home or a major fixer-upper; it's a grounded, average-sized home on a better-than-average lot. It would suit first-time buyers seeking a manageable entry into the market, practical homeowners who prioritize usable yard space over a large interior, or investors looking for a stable, typical rental property in a mature neighborhood. The data indicates you're buying into a street of very similar homes from the same era, which can offer neighborhood consistency and predictable comparables.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data shows it is remarkably average in most metrics for Oakland Avenue and Rossmere-A. Its build year, living area, and tax assessment are all near the mean for the street. The key advantage is its lot size, which ranks in the top 27% on the street.

2. What can the 2023 sale price range tell me?
The listed sale price range of $300,000-$350,000 from October 2023 provides a recent benchmark. Given the current tax assessment of $329,000 falls within that range, it suggests the assessed value is aligned with fairly recent market activity.

3. Are the comparable listings ("附近的房子") directly similar?
The listed nearby homes on Oakland Avenue and adjacent streets are strong comparables, as many share the same 1958-1960 build era and very similar square footage. This consistency helps validate the area's character and price points.

4. What does the tax assessment ranking versus the living area ranking imply?
The home's tax assessment ranks higher (top 33% on the street) than its living area (top 63%). This suggests the assessed value is driven by more than just interior size—likely factors like its larger lot, condition, or specific location on the block.

5. Where can I find exact historical sale prices?
The page notes that precise sale history is not publicly displayed due to industry restrictions. They offer an email-based service where they will manually query and provide the accurate data upon request, typically by the end of the same business day.

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