Sir John Franklin, Winnipeg - October 2026 Real Estate Report
Sir John Franklin, Winnipeg: The Market Is Shifting - Here Is What Your Home Is Actually Worth Right Now
If you have been watching the "For Sale" signs around Sir John Franklin lately, you have probably noticed things feel a little different. Prices are moving, days on market are ticking up, and the city's last tax assessment is already old news. Here is the straight story on what is happening in our neighbourhood.
The Vibe: Houses vs. Condos in Sir John Franklin
The two sides of our market are telling very different stories right now, and it is worth knowing which one applies to you.
Houses - Taking a Breather
The house market in Sir John Franklin is cooling off. The average sale price came in at $361,333 this month - down 16% from last month. That is a number worth paying attention to. Only 3 houses sold, and they sat on the market for an average of 18 days before finding a buyer. Sellers are getting 97.65% of their asking price, which means buyers are negotiating and winning small concessions.
- Average HonestDoor Price: $465,954 (down 0.11% from last period)
- Average sale price this month: $361,333
- Average list price: $339,900
- Price per square foot: $345
- Sale-to-list ratio: 97.65%
- Average days on market: 18
- Properties sold in 2026: 25
- Estimated monthly rent: $2,330
- Rental yield: 5.70% - that is a strong return
- Neighbourhood growth rank: 133 out of 191 in Winnipeg
That growth rank puts us in the lower half of the Winnipeg leaderboard right now. We are not at the bottom, but we are not leading the pack either. The 3-month moving average for predicted value sits at $473,442, and the current predicted value of $466,488 is trending below that. The market is taking a breather.
Condos - Pricey, But Moving
Condos in Sir John Franklin are a different animal. We are ranked 19th out of 126 neighbourhoods in Winnipeg for condo price - that puts us near the top of the city. The average HonestDoor Price for condos here is $594,899, and it has actually climbed 4.44% from the previous period. That is the one bright spot in our current numbers.
- Average HonestDoor Price: $594,899 (up 4.44% from last period)
- Average sale price this month: $434,900
- Average list price: $388,900
- Price per square foot: $403
- Sale-to-list ratio: 98.69%
- Average days on market: 29
- Properties sold in 2026: 3
- Estimated monthly rent: $2,730
- Rental yield: 3.73% - moderate but steady
- Neighbourhood growth rank: 135 out of 175 in Winnipeg
Condos are selling faster here than in nearby Edgeland, where buyers wait an average of 41 days. Our 29-day average shows there is still real demand. But with only 1 condo sold this month and the predicted value of $569,597 sitting below the 3-month moving average of $581,275, the condo side is also softening a bit.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here is the thing about your city assessment - it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved on. In a neighbourhood like Sir John Franklin, where house values have shifted by nearly 2% recently and condo values by over 2%, that lag can cost you real money - whether you are selling, refinancing, or just trying to understand what you actually own.
The HonestDoor Price is updated in real time using actual transaction data. For houses, that number is $465,954. For condos, it is $594,899. Those figures reflect what is happening on our streets right now - not what happened two years ago when the city last did its homework. If your tax assessment is sitting well below those numbers, you are likely underinsured and underinformed. If it is sitting above them, you might have a case to appeal.
Either way, knowing your HonestDoor Price is the real-world check that your assessment simply cannot give you.
The "So What?" - Thinking About Selling This Summer?
If you are a house owner in Sir John Franklin and you are thinking about listing this summer, the honest answer is: do not wait too long. The 3-month trend is pointing down, buyers are negotiating below asking price, and our growth rank of 133 out of 191 means other Winnipeg neighbourhoods are outpacing us right now. That does not mean you cannot sell well - it means you need to price smart from day one.
Nearby, Old Tuxedo is sitting at an average HonestDoor Price of $1,214,255 and Edgeland is at $4,927,225. Those neighbourhoods are in a completely different price tier. West Wolseley, at $460,109, is our closest comparable - and we are priced slightly above them. That is a reasonable position to be in, but it means we do not have a lot of room to overprice and then chase the market down.
For condo owners, the story is a bit more encouraging. Being ranked 19th in the city for price is a genuine selling point. Lead with that. Buyers looking at condos in Edgeland or West Wolseley will find they are paying more for less in many cases. That is your edge.
Bottom line - check your HonestDoor Price before you call an agent, before you set a list price, and before you assume your city assessment tells you anything useful. In this market, the homeowners who know their real numbers are the ones who come out ahead.
sir john franklin | 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.