Pembina Strip, Winnipeg - August 2026 Real Estate Report

Pembina Strip, Winnipeg: Your House Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs along the Pembina Strip, here's what's actually happening. The market is moving in two very different directions depending on what you own - and knowing which side you're on could be worth real money this summer.

Houses: Holding Strong

The average HonestDoor Price for a house in Pembina Strip sits at $502,579. Yes, that's a slight dip of 0.46% from last period - basically a rounding error, not a red flag. The predicted market value is actually tracking at $504,900, which is up from the 3-month moving average of $497,686. That upward trend is the number we care about.

Here's the stat that should make house owners feel good: Pembina Strip houses rank 38 out of 193 neighbourhoods in Winnipeg for growth. That puts us in the top 20% of the city. We're not leading the pack, but we're well ahead of the middle of the road.

• Average HonestDoor Price: $502,579
• Predicted Market Value: $504,900
• 3-Month Moving Average: $497,686 (trending up)
• Recent Value Change: 2.89%
• Growth Rank: 38 out of 193 Winnipeg neighbourhoods
• Average Rental Estimate: $2,443 per month
• Rental Yield: 5.64% - that's a strong return
• Airbnb Estimate: $122 per night

For context, our nearest neighbour Agassiz is priced slightly higher at $530,538, and Maybank comes in cheaper at $376,854. Pembina Strip sits comfortably in the middle - which for most buyers means accessible pricing with solid upside.

Condos: A Buyer's Window Is Open

The condo picture is more nuanced. The average sale price dropped to $194,250 this month, down 8.2% from last month. Only 2 condos sold, which is half the volume of the previous month. Properties are sitting on the market for about 15 days, and buyers are paying roughly 97.62% of list price - meaning sellers are giving a little ground to close deals.

That said, condos in Pembina Strip are actually fast movers by Winnipeg standards. Days-on-market ranks 14 out of 51 comparable neighbourhoods - that's near the top for speed. The market is cooling slightly, but it's not stalling.

• Average Sale Price: $194,250 (down 8.2% from last month)
• Average Listing Price: $234,900
• Price Per Square Foot: $244
• Sale-to-List Ratio: 97.62%
• Days on Market: 15 days average
• Properties Sold: 2 (down 50% from last month)
• Days-on-Market Rank: 14 out of 51 (near the top for speed)
• Average Rental Estimate: $6,030 per month
• Airbnb Estimate: $300 per night
• Transactions in 2026: 19

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

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. It's the difference between knowing what your home was worth and knowing what it's worth right now.

For Pembina Strip house owners, that gap matters. The city's assessment won't reflect the 2.89% recent value change or the upward momentum in the 3-month trend. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the real-world check you need before trusting a number the city calculated months ago.

Pull your HonestDoor Price today. It takes two minutes and it's free. Don't let an outdated assessment be the number you're working from.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers, the timing is decent. We're in the top 20% of Winnipeg neighbourhoods for growth, values are trending up, and rental demand is strong enough that buyers see real income potential here. A 5.64% rental yield is the kind of number that gets investor attention. Price your home right and you won't be waiting long.

For condo sellers, be honest with yourself about the current softness. Prices dipped this month and volume is thin. That doesn't mean you can't sell - 15 days on market is still fast by Winnipeg standards. But buyers have a little leverage right now, so pricing sharp from day one beats chasing the market down with reductions. Get your HonestDoor Price, compare it to active listings, and come out of the gate competitive.

Bottom line: Pembina Strip is a solid neighbourhood with real fundamentals. Houses are holding their ground and growing. Condos are taking a short breather. Either way, knowing your actual current value - not last year's assessment - is the smartest first move you can make before calling a realtor.

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.