Southboine, Winnipeg - July 2026 Real Estate Report

Southboine Real Estate Check-In: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Southboine, here is the short version: your neighbourhood is holding its value better than most of Winnipeg, and the city's tax assessment is almost certainly not keeping up. The average HonestDoor Price for a house here sits at $746,799 - up 4.48% from the previous period. That is real money moving in the right direction.

On the leaderboard, Southboine houses rank 14 out of 185 neighbourhoods in Winnipeg for price. That puts us in the top 8% of the city. That is not a fluke - that is what happens when a neighbourhood consistently attracts buyers who know what they want.

Houses vs. Condos - Two Very Different Stories

Let us break it down, because these two markets are not behaving the same way right now.

Houses: Steady, Expensive, and Holding Ground

The house market in Southboine is about as stable as it gets. One property sold recently at $784,000 - essentially flat from the month before. Homes are sitting on the market for an average of 31 days, which ranks 31 out of 67 comparable neighbourhoods. That is a moderately fast pace, not a fire sale, not a stalemate.

The one number worth watching: homes are selling at 93.92% of list price. Buyers are negotiating, and they are winning a little. That tells us we are in a buyers' market right now - not dramatically, but enough that sellers need to price smart from day one.

• Average HonestDoor Price (Houses): $746,799
• Recent average sale price: $784,000
• Average listing price this month: $499,900
• Price per square foot: $367
• Average days on market: 31
• Sale-to-list ratio: 93.92%
• Estimated monthly rent: $3,294 - $3,396
• Rental yield: 5.23%
• Growth rank: 44 out of 193 neighbourhoods in Winnipeg
• Price rank: 14 out of 185 neighbourhoods in Winnipeg

That 5.23% rental yield is worth a second look. For anyone thinking about holding a Southboine house as a rental, that return is strong. Nearby neighbourhoods like Betsworth ($534,446 average HD Price) and Westwood ($468,897) are cheaper to buy into, but they are not delivering the same price position or neighbourhood profile we have here.

Condos: High Price Tag, Slower Growth

The condo picture in Southboine is unusual. The average HonestDoor Price for a condo here is $4,494,563 - and yes, that number is real. It reflects a very small, very high-end slice of the market. One condo sold recently at $579,700, which was down 14.6% from the previous month. With only one transaction to go on, that swing is more about the specific unit than a market trend.

The predicted market value for condos sits at $4,491,892, which is actually ticking up against the 3-month moving average of $4,424,814. So the trajectory is positive, even if recent growth ranks 133 out of 190 neighbourhoods - that puts condos in below-average territory for growth right now.

• Average HonestDoor Price (Condos): $4,494,563
• Recent average sale price: $579,700
• Price per square foot: $380
• Estimated monthly rent: $11,459
• Rental yield: 1.44%
• Airbnb estimate: $569 per night (Airbnb rank: 12 in Winnipeg)
• Growth rank: 133 out of 190 neighbourhoods in Winnipeg
• Price rank: 4 out of 121 neighbourhoods in Winnipeg

The Airbnb rank of 12 in all of Winnipeg is genuinely impressive. If you own a condo here and have not looked at short-term rental income, that number is worth your attention.

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

Here is the thing about city assessments - they are 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, pulling from actual sales data and current market signals. It is the difference between knowing what your home is worth today versus what a government spreadsheet thought it was worth 18 months ago.

For Southboine houses, the HonestDoor Price of $746,799 is your real-world number. Use it when you are thinking about refinancing, deciding whether to sell, or just figuring out where you stand. Do not wait for the next assessment cycle to find out you have been sitting on more equity than you realized.

The So What - Thinking About Selling This Summer?

If you are a Southboine homeowner eyeing a summer sale, here is the honest read. The market is not racing, but it is not stalling either. Homes are moving in about a month, which gives you a reasonable runway. The catch is that buyers are negotiating - that 93.92% sale-to-list ratio means if you list at $800,000, expect offers closer to $751,000. Price it right the first time and you avoid the slow bleed of price cuts.

The neighbourhood leaderboard works in your favour. A top-14 price ranking out of 185 Winnipeg neighbourhoods is a real selling point. Buyers who are priced out of the very top tier are looking at Southboine as a serious option. That demand is your leverage.

Bottom line - check your HonestDoor Price before you do anything else. It is the most current number you have, and in a market where timing matters, current beats outdated every time.

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.