South Tuxedo, Winnipeg - July 2026 Real Estate Report

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

If you live in South Tuxedo and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. This is one of Winnipeg's priciest pockets, and the numbers right now tell an interesting story - one your tax assessment definitely isn't telling you.

The Vibe: What's Actually Happening on Our Streets

Houses - Still Premium, But Taking a Breather

Let's be straight with each other. The house market in South Tuxedo is cooling off a bit. The average sale price this month is $1,099,500, which is down 24.6% from last month. That's a notable dip. Listings are sitting at $864,900 on average, and homes are selling for about 94% of asking price - meaning buyers have a little room to negotiate right now.

• Average HonestDoor Price: $1,211,712 (up 2.48%)
• Average sale price this month: $1,099,500
• List price average: $864,900
• Price per square foot: $432
• Sold-to-list ratio: 94.17%
• Average days on market: 28
• Properties sold this month: 2
• Predicted market value: $1,182,406
• Rental yield: 4.49%
• Estimated monthly rent: $4,678

The good news? We're still selling faster than nearby Mathers, which is averaging 32 days on market. And on the Winnipeg neighbourhood leaderboard, South Tuxedo houses rank 6 out of 185 for price - meaning we're in the top 3% most expensive in the city. That's not nothing. Growth rate sits at rank 78 out of 193, which puts us in above-average territory citywide.

Condos - A Different Story Entirely

The condo side of South Tuxedo is actually moving. Six condos sold this month - up 20% from last month - and the average sale price jumped 8.4% to $283,150. Buyers are paying 97.22% of asking price, which means sellers are getting close to what they want. Units are clearing in 23 days on average, faster than Mathers at 32 days.

• Average HonestDoor Price: $350,809 (up 1.66%)
• Average sale price this month: $283,150
• List price average: $261,567
• Price per square foot: $259
• Sold-to-list ratio: 97.22%
• Average days on market: 23
• Properties sold this month: 6 (up 20%)
• Predicted market value: $345,081
• Rental yield: 4.09%
• Estimated monthly rent: $1,793

One honest note - condo values have dipped 2.53% recently, and the predicted value is trending below the 3-month moving average of $349,377. On the neighbourhood leaderboard, condos rank 151 out of 190 for growth. So while sales activity is picking up, prices are under a bit of pressure. Worth watching.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about city assessments - they're snapshots from the past. By the time that paper lands in your mailbox, the market has already moved. The HonestDoor Price is a real-time check on what your property is actually worth today, not 18 months ago.

For South Tuxedo house owners, the HonestDoor Price of $1,211,712 is running higher than the current average sale price of $1,099,500. That gap matters. It means the city's static assessment is almost certainly not reflecting your home's full position in the market. If you're making any financial decisions - refinancing, selling, even just understanding your net worth - you want the live number, not the stale one.

For condo owners, the HonestDoor Price of $350,809 is sitting well above recent sale prices. That's your real-world anchor when you're negotiating or planning your next move.

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

For house sellers, the timing conversation is real. Prices are softer than last month, buyers are negotiating, and only 2 houses sold this month. That said, South Tuxedo is still one of the most expensive neighbourhoods in Winnipeg - rank 6 out of 185. If you price it right and present it well, demand is there. The 28-day average days on market tells us buyers are still showing up. You just can't overprice it and expect a bidding war right now.

For condo sellers, this summer actually looks more interesting. Sales volume is climbing, prices are up month-over-month, and buyers are paying close to asking. If you've been sitting on the fence, the condo market is giving you a window.

Either way, the first step is the same - check your HonestDoor Price before you call an agent, set a price, or sign anything. It's the only number in this market that's actually keeping up with what's happening on our streets right now.

• House Airbnb potential: $236 per night
• Condo Airbnb potential: $90 per night
• South Tuxedo Airbnb rank in Winnipeg (houses): 5 out of all neighbourhoods
• Total 2026 house transactions: 13
• Total 2026 condo transactions: 21

Bottom line - South Tuxedo is still a premium address. But right now, knowing your exact number is the difference between a smart move and a costly guess.

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.