Old Tuxedo, Winnipeg - October 2026 Real Estate Report
Old Tuxedo Is Still One of Winnipeg's Most Expensive Addresses - But the Market Is Sending Mixed Signals
If you own a home in Old Tuxedo and you haven't checked your property value lately, now is the time. The city's tax assessment is already out of date. The HonestDoor Price is being updated in real time - and what it's showing right now is worth paying attention to.
The Vibe: What's Actually Happening in Our Neighbourhood
Let's break it down by property type, because houses and condos are telling two very different stories right now.
Houses - Strong Prices, But Take a Breath
The average sale price for a house in Old Tuxedo hit $1,094,350 this month - that's up 37% from last month. Before you get too excited, that jump is largely a reflection of which specific homes sold, not a sudden surge across the board. With only 2 sales this month, one higher-end home can move that needle significantly.
- Average HonestDoor Price: $1,214,255
- Average sale price this month: $1,094,350
- Average list price: $899,900
- Price per square foot: $366
- Homes sold for 97.69% of list price - buyers are getting a small discount
- Average days on market: 20
- Predicted market value: $1,231,757
- Estimated monthly rent: $4,688
- Rental yield: 4.63%
Here's what those numbers mean for us. Homes are selling, but buyers have just enough leverage to negotiate a little off the asking price. Twenty days on market is not slow - it ranks 20th out of 78 Winnipeg neighbourhoods for speed. And on the growth leaderboard, Old Tuxedo houses rank 23rd out of 191 neighbourhoods in Winnipeg. That puts us firmly in the top tier of the city for value growth.
The one flag worth watching: the predicted value of $1,231,757 is just slightly below the 3-month moving average of $1,232,538. The market is not dropping - it's just taking a breather. We're also ranked 10th out of 188 Winnipeg neighbourhoods for price, which means Old Tuxedo is still one of the most expensive places to buy in the entire city.
Condos - The Priciest in the City, But Growth Has Slowed
If you own a condo in Old Tuxedo, you own the most expensive condo in Winnipeg - full stop. We rank 1st out of 126 neighbourhoods for condo price. That's a remarkable stat. But the short-term growth picture is softer.
- Average HonestDoor Price: $1,449,875 (up 2.63% from last period)
- Average sale price: $920,200
- Price per square foot: $572
- Predicted market value: $1,412,661
- Estimated monthly rent: $4,525
- Rental yield: 3.17%
- Recent value change: -2.01%
- Growth rank: 108th out of 175 Winnipeg neighbourhoods
The condo market here is cooling slightly. The predicted value of $1,412,661 is dipping below the 3-month moving average of $1,419,937, and the -2.01% recent change puts condo growth in the below-average range for the city right now. That doesn't mean panic - it means the condo side of Old Tuxedo is taking a breather after a long run at the top.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here's the honest truth. Your city tax assessment was calculated using data that is already months - sometimes over a year - old. It does not reflect what a buyer would actually pay for your home today. The HonestDoor Price is recalculated continuously using real sales data, market trends, and current activity in your specific neighbourhood.
Right now, the average HonestDoor Price for a house in Old Tuxedo is $1,214,255. For condos, it's $1,449,875. If your tax assessment is sitting well below those numbers, you could be making financial decisions - refinancing, estate planning, listing price - based on a figure that no longer reflects reality. Check your HonestDoor Price before you do anything else. It's the real-world check your assessment can't give you.
The "So What?" - Should You Sell This Summer?
If you're a house owner thinking about listing this summer, the conditions are genuinely decent. Prices are near the top of the city, homes are moving in about 20 days, and we're ranked in the top 12% of all Winnipeg neighbourhoods for growth. Buyers are active, but they're not in a frenzy - expect to negotiate a small amount off your list price.
The key move right now is pricing it right from day one. Homes here are selling at 97.69% of list price. That means overpricing by even $50,000 could cost you more time on market and a lower final number. Use your HonestDoor Price as your anchor, not last year's assessment.
If you own a condo and are thinking about selling, the story is a bit more nuanced. You're still sitting on one of the most valuable condos in the city, but short-term growth has softened. If you don't need to sell right now, it may be worth watching the next 60 to 90 days to see if the predicted value stabilizes. If you do need to move, price it sharp - the buyers who can afford Old Tuxedo condos know exactly what they're looking at.
Bottom line: Old Tuxedo is not a neighbourhood where you guess. Check your HonestDoor Price, know where you stand, and make your move with real numbers behind you.
old tuxedo | 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.