South Tuxedo, Winnipeg - September 2026 Real Estate Report

South Tuxedo, Winnipeg: Your Home Is Worth More Than the City Thinks - Here's the Proof

The Vibe Right Now

If you live on one of South Tuxedo's quieter streets and you've been wondering what your place is actually worth, the honest answer is: probably more than your assessment says, and the market is telling a nuanced story depending on what you own. Let's break it down.

Houses: Still One of Winnipeg's Most Expensive Addresses

South Tuxedo houses are not messing around on price. The average HonestDoor Price sits at $1,197,014 - that puts this neighbourhood at rank 2 out of 187 in Winnipeg for house prices. Second place in the entire city. That's not a small thing.

The one house that sold recently went for $1,509,400, and buyers paid about 94 cents on the dollar of list price. That gap between ask and sale is worth noting - it means buyers have a little room to negotiate, but sellers are still landing strong numbers. Properties are moving in 28 days on average, which is actually faster than nearby Mathers at 32 days.

• Average HonestDoor Price: $1,197,014 (up 0.33%)
• Average sale price: $1,509,400
• Price per square foot: $492
• Sale-to-list ratio: 94.17% - buyers are paying below list
• Average days on market: 28
• Rental estimate: $4,718 per month
• Rental yield: 4.48%
• Airbnb potential: $234 per night - ranked 6th in all of Winnipeg

The one number to watch: house values are down 1.54% recently, and the growth rank sits at 172 out of 191 neighbourhoods. South Tuxedo houses are taking a breather on appreciation. The price ceiling is high, but the momentum is slow. That's the honest read.

Condos: Active Market, But Patience Required

The condo side of South Tuxedo tells a different story. With 25 transactions in 2026, this is one of the busiest condo markets in the city - ranked 2nd in Winnipeg for total transaction volume. Units are moving, but they're taking their time getting there. The average days on market is 62 days, compared to 32 days in nearby Mathers. If you're a condo seller here, you need to price sharp from day one.

• Average HonestDoor Price: $344,052 (down 1.71%)
• Predicted market value: $350,020 - trending up from the 3-month average
• Average sale price: $240,775
• Price per square foot: $254
• Sale-to-list ratio: 94.43% - buyers are negotiating
• Average days on market: 62
• Rental estimate: $1,790 per month
• Rental yield: 4.08%
• 25 transactions in 2026 - ranked 2nd in Winnipeg for condo volume

The predicted value of $350,020 is nudging upward from the 3-month moving average of $348,637. That's a small but real positive signal for condo owners here. Growth rank is 121 out of 175 - below average, but not the bottom. The market is active, just not in a rush.

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

Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time using actual transaction data, current listings, and local comparables. It's the difference between knowing what your house was worth and knowing what it's worth right now.

For South Tuxedo house owners, that gap matters a lot. Your city assessment almost certainly doesn't reflect a $1.5 million sale reality or a top-2 price ranking in Winnipeg. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number to start with, not the one on your tax bill.

For condo owners, the predicted value of $350,020 is actually running slightly ahead of nearby Mathers condos at $347,530. That's a detail your assessment won't tell you, but it matters when you're deciding whether to list or hold.

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

If you own a house in South Tuxedo and you're thinking about listing this summer, the fundamentals are still in your corner. You're in one of Winnipeg's top-2 most expensive house markets, and properties are selling faster than some neighbours. The catch is that values have dipped 1.54% recently and the growth rank of 172 out of 191 means appreciation isn't doing the heavy lifting for you right now. Pricing it right from the start - not chasing a number from six months ago - is the move.

If you own a condo, the volume of activity (25 sales, ranked 2nd in the city) tells us buyers are here. But 62 days on market means they're not panicking. You need a clean listing, a sharp price, and a realistic timeline. The buyers exist - they're just taking their time choosing.

Either way, the first step is the same: check your HonestDoor Price today. Not your assessment. Not what your neighbour thinks they could get. The real-world number, based on what's actually happening in South Tuxedo right now.

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.