495 Oakview Avenue

Rossmere-B, Winnipeg

Property score

40.2

Below average

Overall 40.2 · Smaller and older than most nearby homes

594 sqft (bottom 1%) · Built in 1922 (33 yrs older than avg)

Located in a high-income area with median household income of ~91k

Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 healthcare facility, and 2 parks nearby

Living Area

Below average

43% smaller than neighborhood avg.

Year Built

Below average

33 yrs older than neighborhood avg.

Mother tongue

English · 85%French · 2%

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

Sold Count

568

Median price

360k

$/sqft

$380/sqft

Avg build year

1955

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Property score

40.2 is composed by the two sections below.

Property Score

16.3Low
Living Area8
594 sqftLow
Year Built20
1922Low
Lot Size38
3,299 sqftLow
Neighbourhood Sales Activity37
Low

Community Score

76.1Good
Household Income81
Excellent
Education Level44
Low
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

Rossmere-B

How to read: Share of sales in each ~$50k price band for “rossmere-b” (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: #46110702

Community deep dive

$91K

Median household income

$99K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

25%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)665
Labour force participation rate61%
Median age40.8
Avg household size2.4
Unemployment rate4%
Population density3694 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households25%
Couple families with children30%
Median household income (2020)$91K

Housing

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

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority2%
Bachelor's or higher (25–64)23%
Mother tongue (1st)English · 84%
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

below average
594 sqft
0255075100
Same streetBottom 3%Same areaBottom 1%CitywideBottom 1%
Same street · Oakview Avenue
#217 / 223
Bottom 3% · Avg 1,027 sqft
Same area · Rossmere-B
#1,547 / 1,567
Bottom 1% · Avg 1,047 sqft
Citywide · Winnipeg
#193,199 / 194,458
Bottom 1% · Avg 1,342 sqft

Tax-Assessed Value

below average
171k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 5%
Same street · Oakview Avenue
#221 / 223
Bottom 1% · Avg 299.7k
Same area · Rossmere-B
#1,561 / 1,567
Bottom 1% · Avg 311.9k
Citywide · Winnipeg
#184,986 / 194,458
Bottom 5% · Avg 390.1k

Year Built

below average
1922
0255075100
Same streetBottom 15%Same areaBottom 5%CitywideBottom 14%

Lot Size

below average
3,299 sqft
0255075100
Same streetBottom 6%Same areaBottom 5%CitywideBottom 17%

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

495 Oakview Avenue — 9 amenities found within 500 m, across 6 categories, including 1 dining (nearest 372 m), 2 education (nearest 447 m), 1 healthcare (nearest 294 m).

Search radius
🍽️Dining1
🏫Education2
🏥Healthcare1
🌳Parks2
Fuel Stations1
Worship2

Crime & Safety

Rossmere-B · WPS public data · 2026

Annual incidents

13

2026

vs. city avg

-56%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

62%

Sales History

Sold 12/2022CA$150k–200k
Sold price

Same street

Bottom 1%

Same area

Bottom 1%

City-wide

Bottom 4%

Related homes

Highlights & common questions: 495 Oakview Avenue, Winnipeg

Property Overview: 495 Oakview Avenue, Winnipeg

Key Characteristics & Appeal

This home at 495 Oakview Avenue is defined by its compact and efficient scale. With a living area of 594 sq ft, it is notably smaller than most homes in Rossmere-B, on its street, and across Winnipeg. Built in 1922, it is also one of the older homes in an area predominantly developed in the mid-1950s. The assessed value of $171k is significantly below area averages, reflecting these characteristics.

Its primary appeal lies in being a true entry-point into the Winnipeg housing market with a very low financial barrier. This isn't a property for those seeking ample space; instead, its value is in affordability and potential. It could suit a first-time buyer comfortable with a cozy footprint, an investor looking for a rental property with lower upfront costs, or someone seeking a minimalist lifestyle without a large mortgage. A less obvious perspective is that a smaller, older home like this on a standard city lot (3,299 sq ft) may present a long-term opportunity for expansion or redevelopment, subject to local regulations, making it a strategic purchase for a buyer with future plans.


Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
The assessed value is based on specific property characteristics. The primary reasons are the home's significantly smaller size (594 sq ft vs. area averages over 1,000 sq ft) and its older age (1922 vs. a neighborhood average circa 1955).

2. What does the "Top 99%" ranking for living area mean?
This statistic means the home's living area is smaller than approximately 99% of comparable homes in its neighborhood. It is a quantitative confirmation that this is a notably compact property relative to its surroundings.

3. How reliable is the listed sold price range of CA$150k–200k?
The sold price data is sourced from public records, not the MLS, and is presented as a broad range for non-registered users. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.

4. Is this a good investment property?
Given its low assessed value and purchase price, it could offer a lower-cost entry into the rental market. However, its smaller size may limit rental appeal to single occupants or couples, and the age of the home (1922) warrants a thorough inspection for potential maintenance needs.

5. Are the nearby listed properties truly comparable?
The listed nearby properties (e.g., 494 Oakview Ave) are useful for geographic context but are not direct comparables in terms of size or value. They are typically 50-70% larger and have proportionally higher assessed values, highlighting how 495 Oakview Avenue stands apart in the area.