Leila Mcphillips Triangle, Winnipeg - July 2026 Real Estate Report

Leila Mcphillips Triangle, Winnipeg: What Your Neighbours Aren't Telling You About Home Values Right Now

The Vibe on the Ground

If you've been watching the "For Sale" signs in Leila Mcphillips Triangle lately, here's what's actually happening - and it depends a lot on what type of property you own. Houses and condos are telling two very different stories right now, and knowing which one is yours could change how you think about your next move.

Houses: Taking a Breather

Let's be straight with each other. The house market here is cooling off. The average sale price for houses sits at $559,350, but that's down 2.3% from last month. Homes are sitting on the market for an average of 63 days - noticeably longer than nearby The Maples, where houses are moving in 39 days. Buyers are also paying about 96.44% of the asking price, meaning they're negotiating, and winning.

• Average house sale price: $559,350 (down 2.3% from last month)
• Average list price this month: $579,700
• Price per square foot: $299
• Average days on market: 63
• Sale-to-list ratio: 96.44% - buyers are getting discounts
• Properties sold in 2026: 7 total transactions
• Days-on-market rank: 48 out of 67 neighbourhoods - slower than most

The predicted market value for houses is $466,742, and that number is sliding - it's down from a 3-month moving average of $476,870. The growth rank sits at 93 out of 193 Winnipeg neighbourhoods, which puts us in above-average territory, but the recent momentum is pointing downward. This is a market where pricing your home right from day one matters more than ever.

There is a silver lining for investors though. Rental yield on houses is running at 5.70%, with an estimated rent of $2,375 per month. That's a strong return, and it's worth keeping in mind if selling isn't the plan right now.

Condos: A Completely Different Story

Condos in Leila Mcphillips Triangle are on fire - and we mean that in the best way. The average condo sale price jumped 45.5% from last month to $208,800. Buyers are paying 102.52% of the asking price, meaning they're going over list. Properties are selling in an average of just 8 days. That's not a typo.

• Average condo sale price: $208,800 (up 45.5% from last month)
• Average list price this month: $174,500
• Price per square foot: $197
• Average days on market: 8 days
• Sale-to-list ratio: 102.52% - sellers are getting above asking
• Days-on-market rank: 9 out of 55 neighbourhoods - one of the fastest in Winnipeg
• Growth rank: 42 out of 190 neighbourhoods - well above average

The predicted market value for condos is $420,861, up from the 3-month moving average of $409,481. Values have moved 1.55% recently, ranking 42nd for growth out of 190 comparable Winnipeg neighbourhoods. That puts us in genuinely strong company. If you own a condo here, the market is working in your favour right now.

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

Here's something worth paying attention to. The city's property assessment is a snapshot from the past - it doesn't know what happened in the market last month, or last week. The HonestDoor Price is updated in real time, and right now it's telling a more current story than any government document sitting in a drawer.

For houses, the average HonestDoor Price is $470,237, up 0.75% from the previous period. For condos, it's $424,807, up 0.94%. These numbers reflect what's actually happening in the market today - not what was happening when the city last ran its assessment cycle. If your tax assessment is the only number you're looking at, you could be leaving money on the table or making decisions based on stale data.

Think of the HonestDoor Price as your real-world check. It's the number that accounts for recent sales, current demand, and where the market is actually sitting - not where it was a year or two ago when the city last took a look.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Leila Mcphillips Triangle and you're thinking about listing this summer, the honest answer is: move with intention. Prices are softening, buyers are negotiating, and homes are sitting longer than in nearby neighbourhoods. That doesn't mean you can't sell well - it means you need to price sharp from the start. A home that sits for 63 days starts to feel stale to buyers, and that's when the lowball offers come in.

If you own a condo, the timing looks genuinely good. Buyers are competing, offers are going over asking, and the market is moving fast. If you've been on the fence, this is the kind of window that doesn't stay open forever.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, before you set a list price, and before you make any assumptions based on what your neighbour's place sold for two years ago. The market has moved - and your starting point should reflect that.

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.