Old Tuxedo, Winnipeg - September 2026 Real Estate Report

Old Tuxedo, Winnipeg: Still One of the Most Expensive Addresses in the City - Here's What Your Home Is Actually Worth Right Now

The Vibe in Old Tuxedo

If you live on one of these quiet, tree-lined streets, you already know this neighbourhood does not mess around when it comes to property values. Old Tuxedo consistently sits at the top of Winnipeg's price rankings - and the latest numbers back that up. But there are some interesting splits happening between houses and condos right now that every homeowner here should know about.

Houses: Steady, Premium, and Selling Fast by Winnipeg Standards

The house market in Old Tuxedo is holding its ground. Here is a quick snapshot of where things stand:

• Average HonestDoor Price: $1,231,757 - up 0.30% from last period
• Average sale price: $798,900
• Current average list price: $899,900
• Price per square foot: $399
• Homes selling at 97.69% of list price - buyers are getting a small discount, but not a big one
• Average days on market: 20 days
• Predicted market value: $1,228,020 - up from the 3-month average of $1,222,807
• Estimated monthly rent: $4,683 with a rental yield of 4.62%
• Price rank: 7th out of 187 neighbourhoods in Winnipeg - we are near the very top
• Days-on-market rank: 19th out of 71 - homes here move moderately fast

The honest read? Houses are in a stable buyers' market right now. Prices are not dropping off a cliff, but buyers have just enough leverage to negotiate a bit. The predicted value trending upward from the 3-month average is a good sign that the floor is holding. One thing to watch: the recent value change sits at -0.79%, which puts house growth at rank 152 out of 191 neighbourhoods. The market is taking a breather on the growth side, even if the absolute prices remain elite.

Condos: The Surprise Performer on the Block

Here is where it gets interesting. Old Tuxedo condos are quietly doing something most of Winnipeg is not - they are growing. Check the numbers:

• Average HonestDoor Price: $1,412,661 - down 2.01% from last period
• Average sale price: $920,200
• Price per square foot: $572
• Predicted market value: $1,441,674 - up from the 3-month average of $1,412,860
• Estimated monthly rent: $4,495 with a rental yield of 3.15%
• Recent value change: +2.58%
• Growth rank: 30th out of 175 neighbourhoods - that puts us among the top performers in Winnipeg
• Price rank: 1st out of 125 neighbourhoods - the most expensive condos in the city, full stop

Yes, the HonestDoor Price dipped 2.01% recently, but the predicted value is climbing above the 3-month average. That short-term dip looks more like a blip than a trend. A top-30 growth rank in a city of 191 tracked neighbourhoods is genuinely strong. If you own a condo here, you are sitting on Winnipeg's priciest condo real estate and it is still moving in the right direction.

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

Here is the thing about city assessments - they are a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual transaction data and current market signals. For Old Tuxedo homeowners, that gap matters a lot.

Think about it this way. The city's assessed value on your house could be sitting well below the $1,228,020 predicted market value we are seeing right now. If you are making any financial decision - refinancing, selling, even just understanding your net worth - using a stale government number is leaving money on the table. The HonestDoor Price is your real-world check. It is what the market actually thinks your home is worth today, not two years ago.

With Old Tuxedo houses ranked 7th out of 187 neighbourhoods for price in Winnipeg, the stakes are high. A small percentage difference between your assessed value and your real market value could mean tens of thousands of dollars in your pocket - or not.

So What? What This Means If You Are Thinking About Selling This Summer

Thinking about listing this summer? Here is the straight talk.

• Demand is real but selective - only 1 house sold recently, so pricing it right from day one matters
• Homes are sitting about 20 days on average - not a fire sale, but not a slow crawl either
• Buyers are paying close to list price (97.69%) - you have room to price with confidence, but do not get greedy
• The predicted value of $1,228,020 for houses gives you a strong anchor for your conversation with your agent
• For condo owners, a growth rank of 30th in Winnipeg and the number-one price rank is a compelling story to tell buyers

The window this summer is real. Old Tuxedo is not a neighbourhood where you panic-sell - the price floor here is among the highest in the city. But with growth momentum slightly softer on the house side, waiting another year hoping for a big jump is not a guaranteed play. If your life circumstances line up, this summer is a reasonable time to move.

Pull your HonestDoor Price before you do anything else. Know your number. Then have the conversation.

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.