Burrows Keewatin, Winnipeg - September 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 flashy - but steady can be really good news depending on which side of the deal you're on.

We're sitting at an average HonestDoor Price of $277,831 for houses. That's down a hair - just 0.54% from last period. Nothing to panic about. Think of it as the market catching its breath after a busy run.

Houses: Affordable, Fast, and Actually Selling

Houses in Burrows Keewatin are moving. One sale closed recently at an average of $219,600, and it only sat on the market for 5 days. Five days. That's not a slow market - that's buyers making decisions fast.

• Average sale price: $219,600
• Average list price this month: $294,900
• Price per square foot: $215
• Sale-to-list ratio: 99.73% - buyers paid just under asking
• Average days on market: 5
• Predicted market value: $279,338
• 3-month moving average: $275,695 - values are trending up
• Rental yield: 6.02% - that's a strong return for landlords
• Estimated monthly rent: $1,492

That 5-day average puts us at a days-on-market rank of 5 out of 71 neighbourhoods in Winnipeg. We're near the top of the leaderboard for speed. Buyers here are not window shopping - they're writing offers.

On affordability, our price rank is 175 out of 187 Winnipeg neighbourhoods. That means we're one of the most affordable areas in the city. For first-time buyers or investors watching their budget, that matters. A lot.

Our growth rank sits at 42 out of 191 neighbourhoods. That puts Burrows Keewatin in the above-average tier for value growth across Winnipeg. We're not leading the pack, but we're well ahead of the middle - and climbing.

Condos: A Different Story

The condo picture here is a bit unusual. The average HonestDoor Price for condos is $1,985,974 - which is significantly higher than the house market and higher than every nearby neighbourhood including Inkster Industrial Park ($1,548,578) and Shaughnessy Park ($646,555). Condo values are down 1.85% from last period and the predicted value of $2,023,437 is essentially flat against the 3-month moving average of $2,024,115.

• Average HonestDoor Price (condos): $1,985,974
• Predicted market value: $2,023,437
• Estimated monthly rent: $6,820
• Rental yield: 2.48%
• Airbnb estimate: $334 per night
• Airbnb rank in Winnipeg: 49 out of all neighbourhoods

The 2.48% rental yield on condos is moderate - not the home run that houses deliver at 6.02%. If you own a condo here and are thinking about renting it out, the numbers work, but houses are the stronger income play right now. The growth rank for condos is 112 out of 175 - below average for Winnipeg. That's worth knowing before making any big moves.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at sale data from a fixed point in time and applies it broadly across the neighbourhood. It doesn't know what your neighbour just renovated, what the market did last month, or what buyers are actually paying right now on your street.

The HonestDoor Price is updated in real time using current transaction data, listing activity, and local market signals. For houses in Burrows Keewatin, the predicted market value of $279,338 is already tracking above the 3-month average of $275,695. That gap - between what the city assessed and what buyers will actually pay today - is where your real equity lives.

If your tax assessment is sitting below $279,000, there's a good chance your home is worth more than the city is giving you credit for. That matters when you're refinancing, selling, or just trying to understand what you actually own.

So What Does This Mean If You're Thinking About Selling This Summer?

Honestly? The timing is not bad. Here's the straight version of what the numbers are telling us.

• Homes are selling in 5 days on average - serious buyers are out there
• The sale-to-list ratio of 99.73% means you're not leaving much on the table if you price it right
• At $215 per square foot, there's room to price competitively and still come out ahead
• 6 total transactions recorded in 2026 so far - low inventory means less competition for sellers
• Nearby Inkster Industrial Park is averaging $449,542 - buyers priced out of there may be looking our way

Low inventory plus fast sales plus motivated buyers equals a decent window for sellers. This is not a market where you need to slash your price to get a deal done. Price it based on your HonestDoor Price, not last year's assessment, and you'll have a much more accurate starting point for that conversation with your agent.

Check your HonestDoor Price at honestdoor.com - it takes about 30 seconds and it's the most current read on what your home is actually worth in 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.