Lavalee, Winnipeg - October 2026 Real Estate Report
Lavalee Real Estate Check-In: Solid Ground, But Watch the Numbers
If you live in Lavalee and you haven't looked at your home's value lately, now is a good time to pay attention. The market here is steady - not flashy, but not falling apart either. Here's the straight story on what's happening with houses and condos in our corner of Winnipeg.
The Vibe: Houses vs. Condos
Houses
We're sitting in a stable spot. The average HonestDoor Price for a house in Lavalee is $355,249 - down a tiny 0.29% from last period. That's basically a rounding error, not a red flag. What's more telling is that homes are selling in an average of 10 days and getting 99.71% of their list price. That means sellers aren't leaving much on the table, and buyers aren't getting big discounts either.
- Average HonestDoor Price: $355,249
- Average sale price: $326,950
- Current listings averaging: $309,900
- Price per square foot: $372
- Average days on market: 10
- Sale-to-list ratio: 99.71%
- Estimated monthly rent: $1,846
- Rental yield: 5.90%
- Properties sold in 2026: 7
On the neighbourhood leaderboard, Lavalee houses rank 65 out of 191 for growth in Winnipeg - that puts us in above-average territory. Days-on-market rank is 10 out of 78, which means we're one of the fastest-moving markets in the city. Price rank is 145 out of 188, so we're more affordable than most - which is actually a selling point for buyers coming from pricier spots like Niakwa Place next door.
That 5.90% rental yield is worth a second look. If you're thinking about holding your house as a rental, that's a strong return compared to what you'd get in most Winnipeg neighbourhoods.
Condos
The condo picture in Lavalee is a bit different. The HonestDoor Price for condos sits at $879,201 - up 0.75% from last period. Only 1 condo sold recently, and it moved in 5 days, which tells us demand is real even if the volume is low. Buyers paid 94.38% of list price, so there's a bit more room to negotiate here compared to the house market.
- Average HonestDoor Price: $879,201
- Average sale price: $174,700
- Current listings averaging: $184,900
- Price per square foot: $259
- Average days on market: 5
- Sale-to-list ratio: 94.38%
- Estimated monthly rent: $2,940
- Rental yield: 3.78%
- Properties sold in 2026: 3
On the condo leaderboard, Lavalee ranks 39 out of 175 for growth - solidly above average. Days-on-market rank is 6 out of 59, meaning condos here move faster than almost anywhere else in Winnipeg. The Airbnb potential clocks in at $146 per night, ranking 122nd in the city for short-term rental income.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here's something most Lavalee homeowners don't realize. The city's property assessment is a snapshot taken in the past - sometimes years ago. It doesn't know what happened to your street last month. The HonestDoor Price is updated in real time using actual sales data, market trends, and current conditions. Right now, the predicted market value for a Lavalee house is $356,281, while the 3-month moving average sits at $359,014. That gap matters if you're making any financial decision based on what your home is worth today.
Waiting for your next tax assessment to know your home's value is like checking last year's weather forecast before heading out the door. Your HonestDoor Price is the real-world number - updated, accurate, and not tied to a government calendar.
The So What - Should You Sell This Summer?
If you're a Lavalee homeowner thinking about listing this summer, here's the honest take. Houses are moving fast - 10 days on market is quick - and sellers are getting nearly full asking price. That's a good environment to list in. You're not in a bidding-war frenzy, but you're not sitting on a stale listing either.
The one thing to watch is that the predicted house value of $356,281 is drifting slightly below the 3-month average of $359,014. That's a small dip, but it suggests now - not later - is the smarter window if you want to catch the market before it takes more of a breather.
Compared to neighbours like Niakwa Place (average HonestDoor Price of $501,256) and St George ($374,117), Lavalee is still priced below the surrounding area. That's good news for buyers coming in, and it means there's room for values to grow as the neighbourhood catches up.
Bottom line - Lavalee is a steady, fast-moving market with real rental upside. If you're selling, price it right and move with confidence. If you're holding, that rental yield on the house side is one of the better numbers in the city.
lavalee | winnipeg | october 2026This 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.