Earl Grey, Winnipeg - September 2026 Real Estate Report

Earl Grey, Winnipeg: Your Neighbour Just Asked What Their House Is Worth - Here's the Real Answer

If you live in Earl Grey and you've been eyeing your city tax assessment wondering if it still reflects reality, it probably doesn't. Here's what the numbers are actually saying right now.

The Vibe: What's Happening on Our Streets

Earl Grey is holding steady. It's not setting the city on fire, but it's not sliding either. We're sitting in that comfortable middle ground where serious buyers are still writing offers and sellers aren't panicking. Here's the split between houses and condos, because they're telling two very different stories.

Houses: Solid, Steady, and Still Moving

Houses in Earl Grey are doing what good neighbourhoods do - they're selling. Seven homes sold recently, averaging 28 days on market. That's a moderately fast pace by Winnipeg standards, ranking 27th out of 71 comparable areas for days-on-market. Buyers aren't camping out overnight, but homes aren't sitting either.

• Average HonestDoor Price: $351,192 (down a slim 0.91% from last period)
• Average sale price: $364,814
• Current average list price: $379,900
• Price per square foot: $372
• Homes selling at 98.24% of list price - buyers are getting a small discount, but sellers aren't giving the house away
• Predicted market value: $354,401 - trending up from the 3-month average of $351,457
• Estimated monthly rent: $1,860 with a rental yield of 5.90%
• 32 total property transactions recorded in 2026

That 5.90% rental yield is worth pausing on. For anyone holding a house in Earl Grey as an investment, or thinking about renting before selling, that's a strong return by any measure. The Airbnb picture is quieter - the neighbourhood ranks 176th in Winnipeg for short-term rental potential at $92 per night - so long-term tenants are the smarter play here.

On the neighbourhood leaderboard, Earl Grey houses rank 107th out of 191 for growth and 112th out of 187 for price. Below average on both counts, yes - but "below average" in a city like Winnipeg still means a functional, in-demand neighbourhood where deals are getting done.

Condos: A Different Animal Entirely

The condo numbers in Earl Grey look unusual at first glance, and that's because they are. Only one condo sold recently, and it sat on the market for 379 days. That's last place in Winnipeg for days-on-market - ranked 52nd out of 52. If you own a condo here, patience is not optional, it's the strategy.

• Average HonestDoor Price: $1,872,240 (down 2.01% from last period)
• Average sale price: $369,000
• Current average list price: $375,000
• Price per square foot: $283
• Condos selling at 98.40% of list price
• Predicted market value: $1,910,727 - up from the 3-month average of $1,887,425
• Estimated monthly rent: $5,605 with a rental yield of 2.84%
• Growth rate ranks 52nd out of 175 - above average in Winnipeg
• Price rank: 29th out of 125 - well above average

The gap between the HonestDoor Price and the actual sale price here reflects a very thin, slow-moving market. One sale doesn't make a trend. What it does tell us is that condo buyers in Earl Grey are rare, and when they show up, they're negotiating. The above-average growth rank of 52nd out of 175 is a bright spot - values are moving in the right direction, just slowly.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your block last month. It doesn't know that predicted values in Earl Grey are ticking upward right now. The HonestDoor Price is updated in real time using actual transaction data, which means it reflects the market you'd be selling into today, not the market from 18 months ago.

For houses, the HonestDoor Price of $351,192 sits close to the predicted market value of $354,401 - that alignment tells you the model is tracking reality tightly. For condos, the spread is wider, which is exactly why you need a live number rather than a static government figure. Checking your HonestDoor Price takes two minutes and gives you a real-world anchor before you call an agent, set a list price, or make any financial decision tied to your property.

The So What: Thinking About Selling This Summer?

For house sellers, the window is reasonable but not wide open. Buyers are active, homes are moving in under a month, and the 98.24% sale-to-list ratio means pricing it right from day one matters. Overprice it and you'll feel it. Come in sharp and you'll move it. Compared to nearby McMillan - where the average sold price hits $365,900 - Earl Grey is priced competitively. That's a selling point worth using.

For condo sellers, summer 2025 requires a realistic mindset. One sale in the recent period and a 379-day average market time means you need to be prepared for a longer haul. The above-average growth rank suggests the asset is appreciating, so if you don't have to sell, waiting may reward you. If you do have to sell, pricing aggressively from the start is the only move that makes sense.

Either way, start with your HonestDoor Price. It's the most current number you have, and in a market like Earl Grey right now, current beats everything.

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.