One man is in police custody and another is in hospital after a serious assault in Winnipeg's Elmwood neighbourhood on Sunday.

Police were called to a home in the 400 block of Nairn Avenue just before 1:30 p.m. Yellow caution tape was placed around the home soon afterwards.

Police say the victim is listed in stable condition.

The 21-year-old accused is charged with aggravated assault, assault with a weapon and uttering threats.

The investigation is ongoing and anyone with information is asked to call 204-986-6219 or Crime Stoppers at 204-786-TIPS (8477).