South Tuxedo, Winnipeg - August 2026 Real Estate Report

South Tuxedo, Winnipeg: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you live on one of South Tuxedo's quiet streets and you haven't checked your home's value lately, you're probably leaving money on the table. This neighbourhood sits in the top 3 most expensive in all of Winnipeg for houses - and the numbers are moving fast enough that last year's assessment is already a relic.

Houses: The High-End Story

Let's talk houses first, because this is where South Tuxedo really flexes. The average sale price hit $1,509,400 this period - up 37.3% from last month. Yes, that number is real. One sale moved the needle hard, which is exactly what happens in a low-volume, high-value pocket like ours.

• Average HonestDoor Price: $1,193,084
• Average sale price this period: $1,509,400
• Price per square foot: $492
• Days on market: 28 - faster than nearby Mathers at 32 days
• Homes sold for 94.17% of list price on average
• Properties sold in 2026: 14
• Growth rank: 52 out of 193 neighbourhoods in Winnipeg - solidly above average
• Price rank: 3 out of 185 - we are near the very top of Winnipeg

Only 1 house sold this period, down from 2 last month. Low inventory is the story here. When few homes trade hands, each sale carries enormous weight. The 3-month predicted value is climbing - from $1,191,799 to $1,211,712 - which tells us the underlying trend is still pointing up even if month-to-month looks choppy.

Rental potential is also worth noting. Estimated rent sits at $4,757 per month with a 4.46% rental yield. That is a real number for anyone thinking about holding rather than selling.

Condos: A Different Conversation

The condo side of South Tuxedo is a different animal right now. Sales are slowing - 4 sold this period, down 33% from last month - and the average sale price dipped to $240,775. Condos are sitting on the market for 62 days on average, which is noticeably longer than Mathers at 32 days. The market is taking a breather here.

• Average HonestDoor Price: $350,020
• Average sale price this period: $240,775
• Price per square foot: $254
• Days on market: 62
• Condos sold for 94.43% of list price on average
• Properties sold in 2026: 25
• Growth rank: 26 out of 175 - top performers in Winnipeg
• Days-on-market rank: 42 out of 51 - slow by Winnipeg standards

Here is the interesting part though. The HonestDoor predicted value for condos is $350,809 - well above the recent sale prices. That gap between what condos are selling for and what they are actually worth is a signal worth paying attention to. The 3-month moving average is creeping up from $349,972, so the underlying value is holding steady even as sales cool off.

Rental income on condos comes in at $1,812 per month with a 4.08% yield. Not flashy, but steady.

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

Here is the thing about city assessments - they are a snapshot from the past. By the time the city mails you that paper, the market has already moved. The HonestDoor Price is updated in real time using actual transaction data, so it reflects what a buyer would pay today, not what someone guessed 18 months ago.

For South Tuxedo house owners, the gap is significant. The city's static number and a real-world HonestDoor Price of $1,193,084 - trending toward the $1,211,712 predicted value - can mean a difference of tens of thousands of dollars in how you price, negotiate, or plan your next move. Do not let an outdated number anchor your thinking.

For condo owners, the story is even sharper. Recent sales are averaging $240,775, but the HonestDoor Price says $350,020. That is a $109,000 gap. Knowing that number before you list - or before you accept an offer - is the difference between leaving money behind and walking away with what your place is actually worth.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house sellers, the timing is genuinely interesting. Inventory is tight - only 1 sale this period - which means a well-priced listing has very little competition. Buyers are paying close to list price and homes are moving in under a month. The neighbourhood ranks 3rd in all of Winnipeg for price. If your house is in good shape, this summer is a real window.

For condo sellers, patience and pricing are everything right now. Condos are sitting longer and selling below the HonestDoor estimated value. That does not mean you should wait forever - the growth rank of 26 out of 175 shows this neighbourhood is still outperforming most of Winnipeg. But you need to price sharp and present well. Buyers have options and they know it.

Either way, the first step is the same - check your HonestDoor Price today. It is the most current read on what your South Tuxedo property is worth in the real world, not on paper from two years ago.

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.