518 Oakview Avenue

Rossmere-B, Winnipeg

Property score

61.0

Fair

Overall 61.0 · Newer than most nearby homes

1,024 sqft (top 48%) · Built in 1956 (1 yr newer than avg)

Located in a high-income area with median household income of ~89k

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

Living Area

Near average

2% smaller than neighborhood avg.

Year Built

Above average

1 yrs newer than neighborhood avg.

Mother tongue

English · 84%Chinese · 1%

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

61.0 is composed by the two sections below.

Property Score

51.7Fair
Living Area1,024 sqft52Fair
Year Built195643Low
Lot Size5,144 sqft67Good
Neighbourhood Sales Activity37Low

Community Score

74.9Good
Household Income80Excellent
Education Level44Low
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health68Good

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: #46110701

Community deep dive

$89K

Median household income

$104K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.0

P90 / P10 ratio

27%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)525
Labour force participation rate66%
Median age40.0
Avg household size2.4
Unemployment rate9%
Population density3500 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households27%
Couple families with children30%
Median household income (2020)$89K

Housing

Renter households6%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)10%
Visible minority8%
Bachelor's or higher (25–64)24%
Mother tongue (1st)English · 83%
Mother tongue (2nd)Chinese · 0%

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

Rankings

Living Area

around average
1,024 sqft
0255075100
Same streetTop 38%Same areaTop 48%CitywideBottom 29%
Same street · Oakview Avenue
#84 / 223
Top 38% · Avg 1,027 sqft
Same area · Rossmere-B
#746 / 1,567
Top 48% · Avg 1,047 sqft
Citywide · Winnipeg
#138,972 / 194,458
Bottom 29% · Avg 1,342 sqft

Tax-Assessed Value

above average
335k
0255075100
Same streetTop 18%Same areaTop 23%CitywideBottom 41%
Same street · Oakview Avenue
#41 / 223
Top 18% · Avg 299.7k
Same area · Rossmere-B
#353 / 1,567
Top 23% · Avg 311.9k
Citywide · Winnipeg
#115,138 / 194,458
Bottom 41% · Avg 390.1k

Year Built

above average
1956
0255075100
Same streetTop 16%Same areaTop 29%CitywideBottom 36%

Lot Size

above average
5,144 sqft
0255075100
Same streetTop 14%Same areaTop 40%CitywideBottom 49%

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

518 Oakview Avenue — 9 amenities found within 500 m, across 6 categories, including 1 dining (nearest 345 m), 1 education (nearest 326 m), 1 healthcare (nearest 267 m).

Search radius
🍽️Dining1
🏫Education1
🏥Healthcare1
🌳Parks2
Fuel Stations1
Worship3

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 5/2019CA$300k–350k
Sold price

Same street

Top 29%

Same area

Top 35%

City-wide

Bottom 45%
Sold 6/2017CA$200k–250k
Sold price

Same street

Bottom 17%

Same area

Bottom 14%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 518 Oakview Avenue, Winnipeg

Property Overview: 518 Oakview Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,024 sqft bungalow on a 5,144 sqft lot in Rossmere-B presents a solid, established home in a neighbourhood of similar properties. Built in 1956, it is newer than many on its street and in the immediate area. Its primary appeal lies in its strong positional value within a stable context. The assessed value of $335k is notably above the street and neighbourhood averages, suggesting the property is well-regarded relative to its direct peers, even while being more modest in size compared to the Winnipeg citywide average.

The home would suit a first-time buyer or downsizer looking for a manageable footprint in a mature, no-surprises neighbourhood. Its above-average lot size for the street offers good outdoor space potential. A thoughtful perspective is that this property represents a "known quantity" – its value and characteristics are consistently strong within its immediate micro-market (the street and Rossmere-B), offering a sense of security, even if it isn't a standout in the broader city. The sales history shows steady appreciation, indicating a reliable investment in its locale.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,024 sqft, the living area is very close to the average for both Oakview Avenue (1,027 sqft) and the Rossmere-B neighbourhood (1,047 sqft). It is, however, comfortably smaller than the Winnipeg city average.

2. Why is the assessed value higher than the neighbourhood average?
The assessed value of $335k ranks in the top 23% for Rossmere-B, against an average of $311.9k. This premium likely reflects a combination of the home's newer build year (relative to the area), its larger-than-average lot for the street, and its specific condition and features.

3. What is the property’s sales history?
Public records show two sales: one between $300k-$350k in May 2019, and a prior sale between $200k-$250k in June 2017. Exact figures require a manual lookup from the provider.

4. Is the lot size a significant feature?
Yes. The lot of 5,144 sqft is above the street average (4,714 sqft), ranking in the top 14% on Oakview Avenue. This provides more yard space than many direct neighbours.

5. How can I get verified, exact sold prices for this home?
The displayed data is from public sources, not the MLS. For fully verified exact sale figures and a complete transaction history, you must request a manual lookup via email from the data provider, SaveOnHouse.

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