Portage Ellice, Winnipeg - October 2026 Real Estate Report
Portage Ellice, Winnipeg: Real Talk for Homeowners Right Now
The Headline
Prices are sliding a little, but the rental numbers are quietly doing some heavy lifting. If you own in Portage Ellice, here is what your neighbour down the street probably does not know yet.
The Vibe: Houses vs. Condos
Houses
If you have been watching the "For Sale" signs on your block, here is what is actually happening. The average HonestDoor Price for a house in Portage Ellice sits at $200,012 - down 0.85% from last period. The predicted market value is $201,736, and that number is drifting below the 3-month moving average of $202,213. We are not in freefall, but the trend is pointing downward at -1.43% recently.
On the neighbourhood leaderboard, houses in Portage Ellice rank 96 out of 191 neighbourhoods in Winnipeg for growth. That puts us in below-average territory. Not last place, but not a bragging spot either.
The silver lining? Rental income. Estimated rent comes in at $1,107 per month, with a rental yield of 6.14%. That is a strong return. If you are holding a house here as an investment, the math on renting it out is working in your favour even while values cool off.
- Average HonestDoor Price: $200,012
- Recent price change: -1.43%
- Predicted market value: $201,736
- 3-month moving average: $202,213
- Estimated monthly rent: $1,107
- Rental yield: 6.14%
- Airbnb estimate: $55 per night
- Growth rank: 96 out of 191 in Winnipeg
Condos
The condo picture is a bit more interesting - and a bit more complicated. The average HonestDoor Price for a condo is $719,475, up 0.81% from last period. But the predicted market value of $713,669 is slipping below the 3-month moving average of $718,269, and the recent value change is -2.01%. So the HonestDoor Price is holding steadier than the short-term trend suggests.
On the leaderboard, condos rank 108 out of 175 for growth - below average. Days on market rank is 43 out of 59, meaning condos here are sitting longer than most in the city. One condo sold this month, spending 58 days on market and selling at 94.68% of list price. Buyers are negotiating, and they know it.
The actual sale price of $276,500 is up 34.1% from last month, but with only one sale, that single number can swing wildly. Do not read too much into that jump. Average listings are sitting at $189,900 right now, with a price per square foot around $336.
Rental yield on condos is 3.79% - moderate, not spectacular. Estimated rent is $2,447 per month. If you are comparing that to the big numbers next door in South Portage (HonestDoor Price $4,192,448, rent $11,403) or Colony ($1,142,617, rent $3,666), our condos are priced in a different league entirely.
- Average HonestDoor Price: $719,475
- Recent price change: -2.01%
- Predicted market value: $713,669
- Average sale price this month: $276,500
- Average list price: $189,900
- Price per square foot: $336
- Sale-to-list ratio: 94.68%
- Days on market: 58
- Estimated monthly rent: $2,447
- Rental yield: 3.79%
- Airbnb estimate: $122 per night
- Growth rank: 108 out of 175 in Winnipeg
- Transactions in 2026: 7
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from the past. It does not know that values in Portage Ellice have been shifting month to month. It does not update when the market takes a breather. You could be making decisions based on a number that is already stale.
The HonestDoor Price is a real-world check. It pulls from current market activity and updates in real time. Right now, it is showing us that house values are hovering around $200,012 and condo values around $719,475 - and both are moving. If you are waiting for your next tax notice to understand what your home is worth, you are already behind the conversation.
Check your HonestDoor Price now. It takes two minutes and gives you a number that actually reflects today, not two years ago.
The "So What?" - Thinking About Selling This Summer?
Straight talk: this is not a seller's market in Portage Ellice right now. Values are dipping, condos are sitting on the market for nearly two months, and buyers are coming in below asking price. That does not mean you should not sell - it means you need to go in with clear eyes.
For house sellers, the 6.14% rental yield is actually your leverage point. Buyers who are investors will see that number and pay attention. Position your home as an income-generating asset, not just a place to live, and you widen your buyer pool.
For condo sellers, the 58-day average days on market means you need to price sharp from day one. Buyers are negotiating hard - the 94.68% sale-to-list ratio tells us that. Coming in overpriced and chasing the market down is the worst move you can make right now.
The neighbourhoods right next door - South Portage, Colony, Central Park - are all priced significantly higher. That gap is a double-edged sword. It means Portage Ellice is an entry point for buyers who got priced out of those areas. Use that angle. A buyer who cannot afford Colony is looking at your street right now.
Bottom line: price it right, know your HonestDoor Price, and do not wait for the market to come back to you this summer.
portage ellice | 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.