Sir John Franklin, Winnipeg - September 2026 Real Estate Report

Sir John Franklin, Winnipeg: Houses Are Flying Off the Market, But the Numbers Tell Two Different Stories

The Vibe - What Is Actually Happening Right Now

If you have been watching the "For Sale" signs in Sir John Franklin, here is the honest breakdown. This neighbourhood is not one market - it is two. Houses and condos are behaving very differently, and knowing which side you are on changes everything about your next move.

Houses - A Sellers' Dream (For Now)

Homes here are selling fast. Really fast. The average days on market is just 6 days, which ranks 6th out of 71 neighbourhoods in Winnipeg for speed. That is not a typo. If your house hits MLS on a Monday, it could be conditionally sold by the weekend.

Buyers are not just showing up - they are competing. The average sale price of $562,767 came in at 105.56% of the list price. That means buyers paid above asking. In a city where a lot of neighbourhoods are seeing offers come in under list, Sir John Franklin houses are still getting into bidding territory.

• Average sale price: $562,767
• Average list price this month: $449,900
• Price per square foot: $497
• Average days on market: 6 days
• Sale-to-list ratio: 105.56% - buyers paid over asking
• Properties sold in 2026: 20 transactions
• Speed rank in Winnipeg: 6th out of 71 - very fast
• Price rank in Winnipeg: 58th out of 187 - above average

The rental story is solid too. Estimated rent sits at $2,369 per month with a rental yield of 5.68%. For anyone thinking about holding a property as an investment, that is a strong return by Winnipeg standards.

Condos - A Different Story Altogether

The condo market in Sir John Franklin is taking a breather. Only 1 condo sold recently, and it went for 98.69% of list price - meaning the buyer negotiated a small discount. Properties are sitting for an average of 29 days, which puts condos in a moderate position compared to the lightning-fast house market next door.

That said, do not sleep on the price position. Condos here rank 18th out of 125 neighbourhoods in Winnipeg for price - putting Sir John Franklin condos among the most expensive in the city. The average sale price came in at $434,900, slightly below nearby Edgeland at $446,000.

• Average sale price: $434,900
• Average list price this month: $388,900
• Price per square foot: $403
• Average days on market: 29 days
• Sale-to-list ratio: 98.69% - buyers got a small discount
• Estimated rent: $2,689 per month
• Rental yield: 3.71% - moderate returns
• Price rank in Winnipeg: 18th out of 125 - among the most expensive

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

Here is something most homeowners in Sir John Franklin do not realize. Your city tax assessment is a snapshot from the past. It gets updated on a schedule that has nothing to do with what buyers are actually paying on your street today.

The HonestDoor Price is the real-world check. It uses current transaction data, local sales, and live market signals to give you a number that reflects what your home is worth right now - not what a government office decided it was worth 12 to 18 months ago.

For houses, the HonestDoor Price is currently $466,488, down 1.92% from the previous period. The predicted market value for houses sits at $475,618, which is nudging up from the 3-month moving average of $474,148. That is a small but meaningful signal that the floor is holding.

For condos, the HonestDoor Price is $569,597, down 2.43%. The predicted market value is $583,771, which is actually dipping slightly below the 3-month average of $587,124. That tells us condo values are softening a little right now.

The gap between your tax assessment and your HonestDoor Price could be thousands of dollars in either direction. Checking it costs nothing. Not checking it could cost you a lot at the negotiating table.

The "So What?" - Should You Sell in Sir John Franklin This Summer?

If you own a house here, the conditions are about as good as they get. Six days on market, buyers paying over asking, and a price rank in the top third of Winnipeg. Summer inventory tends to rise, which means more competition from other sellers. If you are thinking about listing, sooner beats later.

The one thing to watch - the growth rank for houses sits at 142nd out of 191 neighbourhoods on the Winnipeg leaderboard. That puts Sir John Franklin in the below-average tier for price growth right now. The market is strong, but it is not accelerating. You are selling into strength, not into a rising tide.

If you own a condo, the calculus is different. A 29-day average sit time and a slight dip in predicted value suggest buyers have a bit more leverage. That does not mean you cannot sell - it means you need to price it right from day one. Coming in too high and chasing the market down is the worst outcome in a slower segment.

Bottom line for Sir John Franklin this summer - house sellers, move now. Condo sellers, get your HonestDoor Price first, price it sharp, and do not leave it sitting.

How Sir John Franklin Stacks Up Against the Neighbours

Context matters. Here is how we compare to the streets around us.

• Old Tuxedo - House HonestDoor Price $1,231,757 - significantly higher priced than Sir John Franklin
• Edgeland - House HonestDoor Price $4,843,441 - a completely different price tier
• West Wolseley - House HonestDoor Price $464,377 - nearly identical to Sir John Franklin, our closest comparable

West Wolseley is our real mirror neighbourhood. Nearly the same HonestDoor Price, nearly the same rental estimate at $2,342 versus our $2,332. If you want to know what a buyer who looked at a West Wolseley home is thinking when they walk into yours, the answer is - they are comparing apples to apples. Make sure your home wins that comparison.

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.