Portage Ellice, Winnipeg - July 2026 Real Estate Report

Portage Ellice, Winnipeg: Your Neighbour Probably Doesn't Know This Yet

If you own a home in Portage Ellice and you're still going off your city assessment, you're working with old news. Here's what the numbers actually look like right now - and what they mean for your wallet.

The Vibe: What's Happening on Our Streets

Houses

The average HonestDoor Price for a house in Portage Ellice sits at $200,248 - down 1.64% from the previous period. The market is taking a breather, no question. But here's the thing that should get your attention: the predicted market value is $203,596, and that number is sitting above the 3-month moving average of $206,800. Values are easing, but they haven't fallen off a cliff.

What really stands out for us as homeowners here is the growth rank. Houses in Portage Ellice rank 12 out of 193 neighbourhoods in Winnipeg for growth. That puts us in the top tier of the city. Prices may be dipping slightly, but the underlying momentum is strong compared to most of Winnipeg.

• Average HonestDoor Price: $200,248
• Recent price change: down 1.64%
• Predicted market value: $203,596
• 3-month moving average: $206,800
• Growth rank: 12 out of 193 Winnipeg neighbourhoods
• Average rental estimate: $1,099 per month
• Rental yield: 6.13% - that is a strong return
• Airbnb estimate: $54 per night
• Airbnb rank in Winnipeg: 225

That 6.13% rental yield is worth pausing on. For anyone thinking about holding their property as a rental, that return is genuinely competitive. You're not just sitting on a depreciating asset - you're generating real income.

Condos

The condo picture in Portage Ellice is a bit of a mixed bag, and we should be straight about that. The average HonestDoor Price is $712,808, down 2.16%. But the predicted market value is $728,533 - and that number is actually increasing compared to the 3-month moving average of $715,030. So while the headline number dipped, the forward-looking signal is pointing up.

On the sales side, 2 condos sold recently at an average of $179,800, with listings sitting at $189,900. Buyers paid about 94.68% of list price on average - meaning sellers are giving a bit of ground to close deals. Properties are averaging 58 days on market, which is on the slower side.

• Average HonestDoor Price: $712,808
• Recent price change: down 2.16%
• Predicted market value: $728,533
• 3-month moving average: $715,030
• Average sale price: $179,800
• Average list price: $189,900
• Price per square foot: $262
• Sale-to-list ratio: 94.68%
• Days on market: 58
• Growth rank: 47 out of 190 Winnipeg neighbourhoods
• Average rental estimate: $2,445 per month
• Rental yield: 3.79%
• Airbnb estimate: $122 per night
• Airbnb rank in Winnipeg: 132

The condo growth rank of 47 out of 190 still puts us in the above-average category for Winnipeg. It is not the top of the leaderboard, but we are not in the basement either. The slower days-on-market and below-average price rank tell us this is a buyer's market for condos right now - which matters a lot if you are thinking about selling.

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

Here is the honest truth about city assessments: they are snapshots 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 sales data and current market signals. It is the real-world check on what your property is worth today - not what it was worth when the assessor last drove down your street.

In a neighbourhood like Portage Ellice, where house values are shifting and condo dynamics are in flux, that gap between your assessment and your HonestDoor Price could be significant. Knowing the real number means you are not leaving money on the table - whether you are selling, refinancing, or just keeping score.

Compare us to nearby neighbourhoods and the gap is clear. South Portage houses are averaging $824,690. Colony sits at $468,600. Central Park is at $265,582. Portage Ellice is the entry point in this cluster - but with a top-12 growth rank, we are punching above our weight.

The So What: Should You Sell This Summer?

If you own a house in Portage Ellice and you have been sitting on the fence, the growth rank alone is worth paying attention to. Top 12 out of 193 neighbourhoods in Winnipeg is not a small thing. That kind of momentum attracts buyers who are being priced out of South Portage and Colony. Your home is a realistic option for a lot of people who want to be in this part of the city.

The slight price dip of 1.64% is not a red flag - it is a normal exhale after a run-up. If you price sharp and present well, you are still in a strong position.

For condo owners, the picture calls for more patience. Buyers are negotiating, properties are sitting longer, and the sale-to-list ratio says you will likely need to price below your wishlist number to get a deal done. That does not mean do not sell - it means go in with realistic expectations and a competitive price from day one.

Either way, the first move is simple: check your HonestDoor Price. It takes two minutes and it gives you the real number - not the government's best guess from two years ago. Know what you have before you decide what to do with it.

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.