St Boniface Industrial Park, Winnipeg - July 2026 Real Estate Report

St Boniface Industrial Park Is Holding Its Ground - But the Window Is Shifting

If you own property in St Boniface Industrial Park and you haven't checked your numbers lately, now is the time. Prices are still strong, buyers are still paying over asking, and the rental math is genuinely good. But there are early signs the market is taking a breather - and that matters if you're thinking about making a move.

The Vibe: Houses vs. Condos

Let's break down what's actually happening on both sides of the market here.

Houses

The average sale price for houses came in at $603,033 this period - but that's down 21.8% from last month. Before that number spooks you, context matters. Only 3 homes sold, which is actually up 50% from the month before. With small sample sizes, one big sale can swing the average hard. The real signal to watch is that buyers are still paying 102.49% of list price. That means people are competing. That doesn't happen in a dead market.

• Average sale price: $603,033
• Average listing price this month: $597,400
• Sale-to-list ratio: 102.49% - buyers paid over asking
• Average days on market: 14 days
• Properties sold: 3 (up 50% from last month)
• Price per square foot: $371
• HonestDoor Price (houses): $574,524 - up 0.52%
• Predicted market value: $571,550
• Rental yield: 5.50% - that's a strong return
• Estimated monthly rent: $2,807

On the neighbourhood leaderboard, St Boniface Industrial Park houses rank 52 out of 193 Winnipeg neighbourhoods for growth - that puts us solidly in the top 27%. For price, we rank 24 out of 185, meaning we're among the most expensive addresses in the city. Days on market rank is 14 out of 67, which tells us homes here move faster than most. That's a combination sellers love.

Compare that to nearby Symington Yards, where the HonestDoor Price sits at $473,900, and Dugald at $393,394. We're running about $100,000 to $180,000 ahead of our neighbours. That gap is real equity.

Condos

The condo side of St Boniface Industrial Park is a quieter story. One unit sold at $289,100, and the market is essentially flat month over month. That's not alarming - it's just a thin market. The HonestDoor Price for condos is $381,116, up 0.86%, and the predicted market value sits at $377,870, which is actually trending up against the 3-month moving average of $374,684. So values are creeping in the right direction.

• Average sale price: $289,100
• Price per square foot: $312
• HonestDoor Price (condos): $381,116 - up 0.86%
• Predicted market value: $377,870
• Estimated monthly rent: $1,947
• Rental yield: 4.07% - moderate but respectable
• Growth rank: 63 out of 190 Winnipeg neighbourhoods - above average
• Price rank: 53 out of 121 - above average in Winnipeg

Condo owners here rank 63 out of 190 on the growth leaderboard - still above average for the city. And at $377,870 predicted value, we're sitting below nearby Holden ($425,700) but that gap could close as the market tightens.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at sale data from a fixed valuation date, runs it through a formula, and mails you a number that might be 12 to 18 months out of date by the time it lands in your mailbox. A lot can happen to a neighbourhood in that time.

The HonestDoor Price is updated in real time. It pulls from current sales, current listing activity, and current market conditions - not last year's numbers. For houses in St Boniface Industrial Park, the HonestDoor Price is $574,524. For condos, it's $381,116. Those numbers move with the market. Your tax assessment doesn't.

If you're making any financial decision - refinancing, selling, buying out a partner, or just figuring out where you stand - the HonestDoor Price is the number to start with. It's your real-world check against a government figure that was never designed to tell you what your home is worth today.

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

Here's the honest read for anyone weighing a summer sale in St Boniface Industrial Park.

The good news is real. Buyers are still paying over list price on houses. Fourteen days on market is fast. You're in the top quarter of Winnipeg neighbourhoods for price, and your neighbours in Symington Yards, Dugald, and Mission Gardens are all priced well below you - which means buyers who get priced out of those areas look here next.

The caution is also real. The average sale price dropped significantly month over month, and while low transaction volume explains a lot of that swing, it's worth watching. A market where only 3 or 5 homes trade hands in a period can look strong one month and soft the next based on a single outlier sale.

If you're a house owner thinking about listing, the data says move sooner rather than later. The sale-to-list ratio above 100% won't last forever, and 14 days on market is the kind of stat that attracts serious buyers. Price it right against that $597,400 average listing price and you're in a strong position.

If you own a condo, patience is your friend right now. Values are ticking up, the predicted price is above the 3-month average, and the rental yield at 4.07% means holding the property while you wait for the right moment actually makes financial sense.

Either way - check your HonestDoor Price first. It's free, it's current, and it's the number that actually reflects what someone would pay for your home today.

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.