Portage Ellice, Winnipeg - September 2026 Real Estate Report

Portage Ellice, Winnipeg: What Your Neighbours Aren't Telling You About Home Values Right Now

The Vibe on the Ground

If you've been watching the "For Sale" signs around Portage Ellice lately, here's the honest read: this neighbourhood is holding its own, but the story is different depending on what you own. Houses and condos are moving in two very different directions, and knowing which camp you're in could change what you do next.

Houses: A Quiet Climber on the Leaderboard

Let's start with the good news for house owners. The average HonestDoor Price for a house in Portage Ellice sits at $201,736. Yes, that's down 1.43% from the previous period - but don't let that single number fool you. The predicted market value is already pushing to $204,656, which is climbing above the 3-month moving average of $202,833. The momentum is pointing up.

Here's the stat we're genuinely proud of: Portage Ellice houses rank 15 out of 191 neighbourhoods in Winnipeg for growth. That puts us in the top 8% of the city. That's not a fluke - that's a neighbourhood with real staying power.

• Average HonestDoor Price: $201,736
• Predicted Market Value: $204,656
• 3-Month Moving Average: $202,833
• Recent Value Change: up 2.20%
• Growth Rank: 15 out of 191 Winnipeg neighbourhoods
• Estimated Monthly Rent: $1,107 to $1,124
• Rental Yield: 6.14% - that's a strong return

A 6.14% rental yield is worth pausing on. For context, that means if you own a house here and rent it out, you're generating solid income relative to the property's value. Investors take notice of numbers like that.

Condos: Taking a Breather, But Still in the Game

The condo picture is a bit more nuanced. The average HonestDoor Price for condos is $713,669, down 2.01% from the previous period. Actual recent sales are averaging $209,800, with listings sitting at $189,900 this month. Properties are selling at about 94.68% of list price, which tells us buyers have some room to negotiate right now. This is a stable buyers' market - not a crash, just a breather.

Condos are sitting on the market for an average of 58 days, and the days-on-market rank of 41 out of 52 tells us they're moving slower than most comparable Winnipeg neighbourhoods. If you're a condo seller, patience and smart pricing are your best tools right now.

• Average HonestDoor Price: $713,669
• Predicted Market Value: $728,328
• 3-Month Moving Average: $723,223
• Recent Value Change: up 2.18%
• Growth Rank: 48 out of 175 Winnipeg neighbourhoods - above average
• Average Sale Price: $209,800
• Average Days on Market: 58 days
• Sale-to-List Ratio: 94.68%
• Estimated Monthly Rent: $2,447 to $2,481
• Rental Yield: 3.79%
• Price per Square Foot: $304

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

Here's something most homeowners don't realize. Your city tax assessment is a snapshot from the past - sometimes 12 to 24 months old by the time it lands in your mailbox. A lot can change in that time, and in Portage Ellice, it clearly has.

The HonestDoor Price is updated in real time using actual market activity. It's the real-world check against a static government number. If your assessment says your house is worth $180,000 but the HonestDoor Price is showing $201,736 - and climbing toward $204,656 - that gap is money you might be leaving on the table when you price, sell, or even refinance.

Pull your HonestDoor Price now. Don't wait for the city to catch up to what the market already knows.

The "So What?" - Thinking About Selling This Summer?

For house owners, the timing conversation is actually pretty interesting right now. You're sitting in a top-15 growth neighbourhood in all of Winnipeg. Values are ticking up. Rental demand is real - $1,107 a month in estimated rent with a 6.14% yield means buyers who are investors will look at your property seriously. That's a wider pool of potential buyers working in your favour.

For condo owners, summer selling is doable but you need to go in clear-eyed. Buyers are negotiating - that 94.68% sale-to-list ratio means the days of getting full ask without a fight are on pause. Price it right from day one. Sitting at 58 days on market because you started too high costs you more than a smart initial price would.

One more thing worth knowing: compare Portage Ellice to what's happening next door. South Portage is showing HonestDoor Prices of $792,167 for houses and $4,121,733 for condos. Colony is at $500,450 for houses. Portage Ellice is the more accessible entry point into a corridor that clearly has upward pressure around it. For buyers, that's opportunity. For sellers, that's a story worth telling.

Bottom line - Portage Ellice is not a neighbourhood to sleep on. Check your HonestDoor Price, know your number, and make your next move with real data behind you.

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.