Tuxedo, Winnipeg - September 2026 Real Estate Report

Tuxedo Real Talk: One of Winnipeg's Priciest Addresses Is Holding Steady - But Condos Are Sliding

The Vibe Right Now

If you live on one of Tuxedo's tree-lined streets and you've been wondering whether your home is still worth what you think it is, the short answer is: yes, and then some. But the full picture is a bit more nuanced depending on what you own.

Houses: Expensive, Slow to Sell, and Buyers Know It

Let's be straight about the house market. Tuxedo houses rank 6th out of 187 neighbourhoods in Winnipeg for price. That's elite company. The average HonestDoor Price sits at $1,672,866, and the predicted market value for houses is $1,675,882 - creeping up slightly from the 3-month moving average of $1,669,691. So values aren't collapsing. They're just taking a breather.

Here's the part sellers need to hear though. The one house that sold recently went for $949,000, and it sold at 90.82% of its list price. That means the buyer paid roughly $100,000 below asking. Listings are sitting at an average of $1,150,000 right now, and homes are spending about 43 days on the market before a deal gets done. That's not a panic signal, but it does tell us this is a buyers' market. Pricing sharp matters more than ever.

• Average HonestDoor Price (Houses): $1,672,866
• Predicted Market Value: $1,675,882
• 3-Month Moving Average: $1,669,691
• Recent Sale Price: $949,000
• Average List Price: $1,150,000
• Sale-to-List Ratio: 90.82%
• Average Days on Market: 43
• Price Per Square Foot: $383
• Estimated Monthly Rent: $5,771
• Rental Yield: 4.40%
• Total Transactions in 2026: 16
• Growth Rank: 128 out of 191 neighbourhoods
• Price Rank: 6 out of 187 neighbourhoods

On the neighbourhood leaderboard for growth, Tuxedo houses rank 128 out of 191. That puts us below the midpoint. We're not leading the pack on appreciation right now. What we do lead on is price - and that prestige comes with a slower, more deliberate sales process.

Condos: A Different Story Entirely

If you own a condo in Tuxedo, pay close attention. The average HonestDoor Price is $264,819, which is up 4.39% from the previous period - that sounds encouraging. But the predicted market value has actually dropped to $253,688, down from a 3-month moving average of $261,476. And property values have shifted by -4.57% recently. That gap between the HonestDoor Price trend and the short-term value movement is worth watching.

On the neighbourhood leaderboard, Tuxedo condos rank 161 out of 175 for growth. That puts us near the bottom of Winnipeg's condo market for appreciation. The Airbnb rank for condos is 181 in the city, so short-term rental income isn't really the play here either.

• Average HonestDoor Price (Condos): $264,819
• HonestDoor Price Change: +4.39%
• Predicted Market Value: $253,688
• 3-Month Moving Average: $261,476
• Recent Value Change: -4.57%
• Estimated Monthly Rent: $1,377
• Rental Yield: 4.26%
• Growth Rank: 161 out of 175 neighbourhoods

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

Here's something most Tuxedo homeowners don't think about until it's too late. The city's assessed value on your property tax notice is a snapshot from the past. It doesn't update in real time. It doesn't know what happened in the market last month. It definitely doesn't know that Tuxedo houses are sitting 43 days before selling right now.

The HonestDoor Price is a live number. It pulls from actual transaction data and adjusts as the market moves. For a house worth north of $1.6 million, even a 1% miscalculation is $16,000. That's not a rounding error - that's a real mistake that affects your listing price, your negotiation position, and ultimately your net proceeds. Check your HonestDoor Price before you do anything else.

For context, nearby Edgeland has an average HonestDoor Price of $4,843,441 for houses. Assiniboine Park sits at $859,019. South Tuxedo comes in at $1,197,014. Tuxedo houses at $1,672,866 sit firmly in the upper tier of this pocket of the city. Knowing where you stand on that spectrum is the starting point for any smart move.

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

If you own a house in Tuxedo and you're thinking about listing this summer, here's the honest take. You own one of the most expensive properties in Winnipeg. That's a real asset. But the market is telling us that buyers have options and they're using them. Homes are selling below asking, and they're taking over a month to move.

That doesn't mean don't sell. It means price it right from day one. Overpricing a luxury home in a slow-moving market is the fastest way to sit on it for months and eventually cut the price anyway - which signals weakness to every buyer watching. Come in sharp, lean on your HonestDoor Price as your reality check against wishful thinking, and you'll be in a much stronger position.

If you own a Tuxedo condo and you're considering selling, the data suggests sooner is better than later. Values are trending down in the short term, and the growth rank near the bottom of the city means momentum isn't on your side right now. That can change, but waiting for a turnaround that isn't showing up in the numbers yet is a gamble.

Bottom line: Tuxedo is still one of Winnipeg's premier addresses. But premier doesn't mean effortless. Know your numbers, price with purpose, and use every real-time tool available - starting with your HonestDoor Price.

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.