Burrows Keewatin, Winnipeg - July 2026 Real Estate Report

Burrows Keewatin Real Talk: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Burrows Keewatin, here's what's actually happening. The market is steady, not spectacular - but there are some real opportunities hiding in the numbers depending on what you own.

Houses: Affordable, Fast, and Quietly Holding Value

The average HonestDoor Price for a house here sits at $276,288 - up 1.78% from the previous period. That's not a headline-grabbing jump, but it's movement in the right direction. The predicted market value right now is $271,458, which is slightly below the 3-month moving average of $276,869. Translation: values have dipped a touch recently, down about 1.27%. The market is taking a breather.

Here's the number that should get your attention though. Houses in Burrows Keewatin are selling in an average of 5 days. That earns us a days-on-market rank of 5 out of 67 neighbourhoods in Winnipeg. That is elite speed. When a house hits the market here, buyers are not sleeping on it.

• Average HonestDoor Price (Houses): $276,288
• Recent sale price average: $199,400
• Current average listing price: $294,900
• Price per square foot: $207
• Homes selling at 99.73% of list price - buyers are paying close to full ask
• Average days on market: 5
• Rental yield: 6.03% - that is strong
• Estimated monthly rent: $1,454
• Growth rank: 149 out of 193 neighbourhoods in Winnipeg
• Price rank: 165 out of 185 - among the most affordable in the city

That 6.03% rental yield is the real story for anyone holding a house here as an investment. Most neighbourhoods would love that number. If you are renting out a property in Burrows Keewatin, you are doing better than a lot of your neighbours across the city.

Condos: A Different Animal Entirely

The condo picture here is unusual - and worth a second look. The average HonestDoor Price for condos is $2,017,023, which is a significant jump compared to the house market. That number has dipped slightly, down 0.73% from the previous period, but the predicted market value of $2,031,884 is actually trending up against the 3-month moving average of $1,998,743. So the short-term blip looks like noise, not a trend.

• Average HonestDoor Price (Condos): $2,017,023
• Predicted market value: $2,031,884
• Estimated monthly rent: $6,855
• Rental yield: 2.47%
• Airbnb estimate: $340 per night
• Growth rank: 83 out of 190 neighbourhoods - above average in Winnipeg

Condo growth ranks 83 out of 190 in Winnipeg. That puts us solidly in the upper half of the city leaderboard. The rental yield at 2.47% is more moderate than houses, but the Airbnb potential at $340 per night is worth paying attention to - Burrows Keewatin condos rank 47th in Winnipeg for Airbnb potential.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here is the thing about your city tax assessment. It is a snapshot from the past. It does not update when the market moves, when your neighbour sells for a surprising number, or when rental demand shifts. It is essentially a photo from a few years ago being used to describe what you look like today.

The HonestDoor Price is a real-world check - updated regularly using actual market data. For houses in Burrows Keewatin, the HonestDoor Price of $276,288 is telling a different story than a static government number ever could. If you are making any decision about selling, refinancing, or even just understanding your net worth, the HonestDoor Price is the number you want in your hand first.

Your neighbours in Shaughnessy Park are sitting at an average of $283,742. Inkster Industrial Park is at $463,770. Weston Shops comes in at $193,109. Knowing where Burrows Keewatin sits on that spectrum - more affordable than most nearby options - is useful context whether you are buying, selling, or just keeping score.

The So What - Thinking About Selling This Summer?

If you own a house in Burrows Keewatin and you have been on the fence about listing, the 5-day average days on market should give you some confidence. Buyers are active and they are not dragging their feet. Properties are selling at 99.73% of list price, which means if you price it right, you are not leaving much on the table.

The market is stable - not exploding, but not falling apart either. Listings are averaging $294,900 right now. If you price strategically and your home is in decent shape, a summer sale is very realistic. The affordable price rank (165 out of 185 in Winnipeg) actually works in your favour - buyers priced out of pricier neighbourhoods are looking at areas exactly like this one.

Bottom line: pull your HonestDoor Price before you call an agent. Know your number. The city's assessment is not your friend when it comes to setting a list price - the HonestDoor Price is the starting point that actually reflects today's market.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.