South Portage, Winnipeg - August 2026 Real Estate Report

South Portage, Winnipeg: Two Very Different Stories Under One Neighbourhood Name

The Vibe Right Now

If you live in South Portage and you haven't checked your HonestDoor Price lately, you're probably working off a number that doesn't reflect what's actually happening on your street. And depending on whether you own a house or a condo here, the story is very different.

Houses: Taking a Breather, But Still in the Game

The average HonestDoor Price for a house in South Portage sits at $791,411 right now - down 4.04% from the previous period. That's the market taking a breather. But here's the thing: the predicted value for houses is $824,690, which is climbing above the 3-month moving average of $778,405. So the short-term dip doesn't tell the whole story.

We're also sitting at a growth rank of 8 out of 193 neighbourhoods in Winnipeg for houses. That puts us in the top 5% of the city. That's not a number to ignore.

• Average HonestDoor Price (Houses): $791,411
• Predicted Market Value: $824,690
• 3-Month Moving Average: $778,405
• Recent Value Change: +7.66%
• Growth Rank: 8 out of 193 Winnipeg neighbourhoods
• Average Rental Estimate: $3,565/month
• Rental Yield: 5.01% - strong returns for investors
• Airbnb Estimate: $177/night (Winnipeg Airbnb rank: 23)

For context, our neighbours in Portage Ellice are sitting at a predicted house value of $712,808. South Portage houses are priced well above that, and the rental yield of 5.01% tells us the income potential is real - not just on paper.

Condos: A High-Value Market That's Cooling Off

The condo picture in South Portage is a different conversation. The average HonestDoor Price is $4,219,079 - up 3.54% from the previous period. These are premium properties. But the predicted value of $4,074,993 is actually sitting below the 3-month moving average of $4,119,055, and recent value change is -1.68%. The condo segment here is softening.

The growth rank for condos is 136 out of 175 Winnipeg neighbourhoods. That puts us in the below-average tier for condo growth right now. If you own a condo in South Portage, that's worth paying attention to.

• Average HonestDoor Price (Condos): $4,219,079
• Predicted Market Value: $4,074,993
• 3-Month Moving Average: $4,119,055
• Recent Value Change: -1.68%
• Growth Rank: 136 out of 175 Winnipeg neighbourhoods
• Average Rental Estimate: $11,425/month
• Rental Yield: 1.29% - moderate returns
• Airbnb Estimate: $567/night (Winnipeg Airbnb rank: 13)

The nearby Portage Main neighbourhood has condos averaging $5,332,570, so South Portage is still positioned below the top of the market. Broadway Assiniboine comes in at $1,490,680 - well below us. We're in premium territory, but the momentum has slowed.

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

Here's the honest truth about city assessments: they're snapshots from the past. By the time your assessment lands in your mailbox, the market has already moved. The HonestDoor Price updates in real time, pulling in actual sales data and current market signals. For house owners in South Portage, that gap between your old assessment and your HonestDoor Price could be significant - especially with a predicted value of $824,690 trending upward. For condo owners, it works the other way: knowing your real-time number protects you from overpricing in a segment that's currently cooling.

Your HonestDoor Price is the real-world check. Use it.

The So What - Thinking About Selling This Summer?

If you own a house in South Portage, the timing conversation is genuinely interesting. A growth rank of 8 out of 193 is a strong position. The predicted value is trending above the recent average. A 5.01% rental yield means buyers - including investors - have real motivation to pay attention to this neighbourhood. You're not selling into a dead market.

If you own a condo, summer 2025 requires a sharper strategy. The growth rank of 136 out of 175 tells us condo demand here isn't running hot. Pricing it right from day one matters more than it did a year ago. Check your HonestDoor Price, compare it honestly to Portage Main and Broadway Assiniboine, and don't anchor to what the unit down the hall sold for in 2023.

Bottom line: South Portage is two markets in one postcode. Houses have momentum. Condos need a clear-eyed approach. Either way, the worst thing you can do right now is rely on a number that's six months old.

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.