Shaughnessy Park, Winnipeg - July 2026 Real Estate Report

Shaughnessy Park Real Estate: Your Neighbours Are Selling Fast - Here's What You Need to Know

The Vibe Right Now

If you've been watching the "For Sale" signs in Shaughnessy Park, here's what's actually happening. The market is split into two very different stories depending on whether you own a house or a condo. Let's break it down for us locals.

Houses - A Sellers' Market, No Question

Houses in Shaughnessy Park are moving. Fast. We're talking an average of just 10 days on market - that's one of the quickest turnaround times in all of Winnipeg, ranking 10th out of 67 neighbourhoods tracked for speed. When your neighbour puts up a sign, it's basically gone before the weekend is over.

The average sale price for houses hit $230,150 this month, up 6.9% from last month. And here's the number that really tells the story: homes are selling at 109.66% of list price. Buyers are paying above asking. That means if you list at $175,000, you could realistically walk away with closer to $192,000 in your pocket.

• Average HonestDoor Price (Houses): $283,742 - up 2.31%
• Average sale price: $230,150 - up 6.9% month over month
• Average days on market: 10 days
• Sale-to-list ratio: 109.66% - buyers are paying over asking
• Price per square foot: $344
• Estimated monthly rent: $1,520
• Rental yield: 6.02% - that's a strong return for landlords
• Neighbourhood leaderboard - growth rank: 143 out of 193 (below average)
• Neighbourhood leaderboard - price rank: 175 out of 185 (one of the most affordable in Winnipeg)
• Neighbourhood leaderboard - speed rank: 10 out of 67 (very fast-selling)

One honest note: the predicted market value for houses sits at $277,341, which is slightly below the 3-month moving average of $284,981. Values have dipped 1.15% recently. The speed is there, but the growth rank tells us Shaughnessy Park houses are not leading the city's appreciation race right now. That's worth knowing before you price.

Condos - A Different Conversation

Condos here are a different animal. The average HonestDoor Price is $677,817 - up 2.10% - which puts Shaughnessy Park condo values in a completely different league from most of the surrounding area. For context, nearby Weston Shops condos average $142,900. That's a significant gap.

The rental potential on condos looks strong on paper - $3,082 per month estimated - but the rental yield comes in at 3.57%, which is moderate compared to what houses are generating. The predicted market value of $663,881 is also trending down from the 3-month moving average of $683,483, and values have shifted -4.77% recently.

• Average HonestDoor Price (Condos): $677,817 - up 2.10%
• Predicted market value: $663,881
• 3-month moving average: $683,483 (current values are below this)
• Estimated monthly rent: $3,082
• Rental yield: 3.57% - moderate
• Recent value change: -4.77%
• Neighbourhood leaderboard - growth rank: 163 out of 190 (bottom performers in Winnipeg)

If you own a condo here, the growth rank of 163 out of 190 is a signal worth paying attention to. The market isn't in freefall, but it's taking a breather - and that breather has been going on for a few months now.

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

Here's the thing about your city assessment: it's a snapshot from the past. The city looks at sale data from a reference date that can be 12 to 24 months old by the time it lands in your mailbox. A lot has changed in Shaughnessy Park since then.

The HonestDoor Price is updated in real time using actual transaction data, current listing activity, and neighbourhood-level trends. For houses, that means the HonestDoor Price of $283,742 reflects what's happening right now - not what was happening when the city last ran its numbers. With houses selling at 109.66% of list price and moving in 10 days, your real-world value could be meaningfully higher than what your assessment says.

Think of the HonestDoor Price as the number your most plugged-in neighbour would give you over the fence - not the number a government form mailed to you six months ago. Before you make any decision about selling, refinancing, or even just understanding your net worth, check your HonestDoor Price first.

So What - Should You Sell This Summer?

If you own a house in Shaughnessy Park, the conditions right now are about as good as it gets for sellers. Buyers are competing, paying over asking, and making decisions in under two weeks. Supply is tight - only 2 houses sold last month, which means there aren't many options for buyers. Less competition for you as a seller is a good thing.

The honest caveat: Shaughnessy Park ranks 143 out of 193 for growth. You're not in a neighbourhood that's leading the city's price surge. But you are in one of Winnipeg's most affordable pockets - and affordability is exactly what buyers are chasing right now. That's your edge.

If you own a condo, the picture is more cautious. Values have slid 4.77% recently and the growth rank puts this neighbourhood near the bottom of the Winnipeg leaderboard for condos. If you've been thinking about selling, waiting for a rebound is a gamble. A conversation with a local agent - armed with your current HonestDoor Price - is the right first move before summer listings heat up.

Bottom line: house owners, your window is open. Condo owners, know your real number before you decide. Either way, start with your HonestDoor Price - not last year's assessment.

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.