Silver Heights, Winnipeg - September 2026 Real Estate Report

Silver Heights Real Estate: Solid Ground in a Shifting Market

If you live on one of these streets and you haven't checked your home's value lately, now is the time. Silver Heights is holding its own in 2026 - and the numbers tell a more interesting story than your last city assessment probably did.

The Vibe: What's Actually Happening Here

Let's break it down by property type, because houses and condos are telling two very different stories in our neighbourhood right now.

Houses - Steady, With Some Upside

The average HonestDoor Price for a house in Silver Heights sits at $380,027. That's down a slim 1.74% from last period - a small dip, not a warning sign. Think of it as the market taking a breather after a solid run.

• Average HonestDoor Price: $380,027 (down 1.74%)
• Average sale price: $345,167
• Current listings averaging: $461,567
• Price per square foot: $349
• Homes selling at 96.47% of list price - buyers are negotiating, and getting results
• Average days on market: 21 days
• Properties sold this period: 3
• Estimated monthly rent: $2,025
• Rental yield: 5.85%
• Predicted market value: $386,749

That 21-day average is worth noting. On the Winnipeg leaderboard for days-on-market, we rank 20 out of 71 comparable neighbourhoods. That means houses here move faster than most of the city. Buyers aren't sleeping on Silver Heights.

On the growth leaderboard, we sit at 58 out of 191 neighbourhoods in Winnipeg. That puts us in above-average territory. Not the flashiest number on the board, but solidly ahead of the pack. For context, our average sale price of $345,167 comes in just above nearby Birchwood ($334,700) and just below Jameswood ($374,700). We're in good company.

The rental yield of 5.85% is genuinely strong. If you own a house here and have ever thought about renting it out, that number is worth paying attention to.

Condos - High Assessed Values, Cooling Slightly

The condo picture in Silver Heights is a bit different. The average HonestDoor Price is $4,232,042, which has come down 3.60% from the previous period. The predicted market value sits at $4,389,951, which is tracking slightly below the 3-month moving average of $4,402,068. The market here is cooling off a touch.

• Average HonestDoor Price: $4,232,042 (down 3.60%)
• Average sale price: $311,900
• Price per square foot: $345
• Properties sold this period: 1
• Estimated monthly rent: $10,515
• Rental yield: 1.61%
• Airbnb estimate: $513 per night
• Predicted market value: $4,389,951

On the Winnipeg condo growth leaderboard, Silver Heights ranks 123 out of 175 neighbourhoods. That puts us below average for growth right now. On price though, we rank 48 out of 125 - above average. So condo values here are high relative to the city, but momentum has slowed. Worth watching.

The Airbnb rank of 16 in all of Winnipeg is a standout stat. If you own a condo here and have considered short-term rental, that ranking suggests real demand from visitors and travellers.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about city assessments - they're snapshots 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 number that reflects what a buyer would actually pay today, not what the city calculated 12 to 18 months ago.

For Silver Heights house owners, the HonestDoor Price of $380,027 is running above the average sale price of $345,167. That gap matters if you're making any financial decisions - refinancing, selling, or just figuring out where you stand. Don't let a stale government number be your only reference point.

Check your HonestDoor Price now at HonestDoor.com. It takes about 30 seconds and it's free.

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

If you're a house owner in Silver Heights and you're weighing a summer sale, here's the honest read:

• Buyers are active - 21 days on market is fast by Winnipeg standards
• You'll likely sell close to list price, but not over it - the 96.47% sale-to-list ratio means pricing it right from day one matters more than ever
• Listings are currently averaging $461,567, which is well above recent sale prices - overpriced homes are sitting, correctly priced homes are moving
• Our above-average growth rank (58 out of 191) gives you a real selling story to tell
• Nearby neighbourhoods like Jameswood and Vialoux are priced significantly higher, which positions Silver Heights as an accessible entry point for buyers getting priced out of those areas

The short version: price it sharp, lean on the HonestDoor Price as your anchor, and you have a real shot at a clean sale before the summer winds down. If you overprice chasing those listing averages, expect to sit.

For condo owners, the slower growth rank and slight value dip suggest patience may pay off more than rushing to list right now. Keep an eye on how the next 60 days shake out.

Want to know exactly what your Silver Heights property is worth today? Get your free HonestDoor Price at HonestDoor.com.

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.