Wellington Crescent, Winnipeg - July 2026 Real Estate Report

Wellington Crescent Real Estate Update: Still One of Winnipeg's Most Expensive Streets - But Watch the Numbers Closely

The Vibe Right Now

If you live on or near Wellington Crescent, you already know this neighbourhood does not come cheap. With an average HonestDoor Price of $919,426 for houses, this is firmly top-tier Winnipeg real estate. But the market is sending some mixed signals right now, and if you own here, you need to pay attention.

Let's break it down by property type, because houses and condos are telling two different stories.

Houses: Fast-Moving, But Prices Are Pulling Back

Here is the headline for houses: one sale this month, average sale price of $424,800, and that number is down 36.5% from last month. Before you panic, one sale does not make a trend - but it does mean we are working with thin data, so take the month-over-month swing with a grain of salt.

What is more telling is the predicted market value sitting at $904,106, which is already dipping below the 3-month moving average of $922,698. Values have shifted -0.75% recently. The market is taking a breather.

• Average HonestDoor Price (Houses): $919,426 - up 1.69% from last period
• Predicted Market Value: $904,106
• 3-Month Moving Average: $922,698
• Average Days on Market: 8 days
• Sale-to-List Ratio: 99.98% - buyers are paying almost exactly list price
• Price per Square Foot: $413
• Estimated Monthly Rent: $3,761 - rental yield of 5.04%
• Airbnb Potential: $189 per night
• Neighbourhood Leaderboard - Price Rank: 31 out of 185 in Winnipeg (top tier)
• Neighbourhood Leaderboard - Speed Rank: 8 out of 67 (very fast-selling)
• Neighbourhood Leaderboard - Growth Rank: 125 out of 193 (below average right now)

The speed stat is the one we love here. Ranking 8th out of 67 Winnipeg neighbourhoods for days on market means houses on Wellington Crescent move fast when they are priced right. Eight days on market is not a slow street. But that growth rank of 125 out of 193 is a flag worth noting - we are not leading the city in appreciation at the moment.

Condos: Stable, Expensive, and Selling Even Faster

Condos here are a different story. The market is steady, not sliding. One sale at $499,200, essentially flat from last month, with a sale-to-list ratio of 99.86%. Buyers are paying close to asking. No drama.

• Average HonestDoor Price (Condos): $515,618 - up 0.93% from last period
• Predicted Market Value: $510,865
• 3-Month Moving Average: $514,093
• Average Days on Market: 4 days
• Price per Square Foot: $317
• Estimated Monthly Rent: $2,524 - rental yield of 3.81%
• Airbnb Potential: $126 per night
• Neighbourhood Leaderboard - Price Rank: 11 out of 121 in Winnipeg (among the most expensive)
• Neighbourhood Leaderboard - Speed Rank: 5 out of 55 (extremely fast-selling)
• Neighbourhood Leaderboard - Growth Rank: 65 out of 190 (above average)

Four days on market and a top-11 price ranking in the city. If you own a condo here, that is a strong position. The growth rank of 65 out of 190 puts Wellington Crescent condos solidly above average for Winnipeg - a better story than the houses side right now.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is something every Wellington Crescent homeowner should understand. Your city tax assessment is a snapshot from the past. It gets updated on a schedule that has nothing to do with what the market is doing today. By the time that number lands in your mailbox, it can already be months - sometimes over a year - behind reality.

The HonestDoor Price is updated in real time using actual sales data, market trends, and current comparable properties. Right now, the HonestDoor Price for houses here is $919,426 - while the predicted market value is sitting at $904,106. That gap between your assessment and your real-world value is exactly where money gets left on the table, or overpaid in taxes.

If your tax assessment is significantly lower than $919,426, you might be sitting on more equity than you think. If it is higher, that is worth knowing too - especially if you are budgeting for carrying costs. Check your HonestDoor Price now, not when you decide to sell.

So What Does This Mean If You Are Thinking About Selling This Summer?

Straight talk: Wellington Crescent is still one of the most expensive and fastest-moving neighbourhoods in Winnipeg. That is not changing. But the house market is showing some softness in values right now, and the growth rank of 125 out of 193 tells us we are not in a runaway appreciation phase.

If you are a house owner thinking about listing this summer, here is the honest read:

• The good news - homes here sell in about 8 days and buyers are paying near full list price. Demand is real.
• The caution - values are drifting slightly below the 3-month average. Pricing sharp matters more than ever right now.
• The opportunity - your neighbours in Wolseley ($413,744), North River Heights ($540,832), and Crescentwood ($638,910) are all priced well below you. Wellington Crescent still commands a serious premium on this street.

If you own a condo here, the setup is even cleaner. Four days on market, above-average growth, and a top-11 price ranking in the city. Summer 2025 is not a bad time to test that market.

Bottom line: do not guess at your home's value based on last year's assessment. Pull your HonestDoor Price today, see where you actually stand, and make a decision based on real numbers - not government paperwork that is already out of date.

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.