Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Watson Street): Around Average. Ranked #133 out of 315 (Top 42%). The street average for comparable homes is 922 sqft.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #277 out of 459 (Bottom 40%). The neighborhood average for comparable homes is 937 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #19,604 out of 26,841 (Bottom 27%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Watson Street): Below Average. Ranked #190 out of 315 (Bottom 40%). The street average for comparable homes is 176.3k.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #334 out of 459 (Bottom 27%). The neighborhood average for comparable homes is 176.3k.
Citywide Level (Winnipeg): Below Average. Ranked #24,159 out of 26,841 (Bottom 10%). The citywide average for comparable homes is 276.9k.
Street Level (Watson Street): Below Average. Ranked #172 out of 315 (Bottom 45%). The street average for comparable homes is 1989.
Neighborhood Level (Leila-Mcphillips Triangle): Around Average. Ranked #172 out of 459 (Top 37%). The neighborhood average for comparable homes is 1985.
Citywide Level (Winnipeg): Below Average. Ranked #14,556 out of 26,841 (Bottom 46%). The citywide average for comparable homes is 1990.
Leila-Mcphillips Triangle market pulse
How to read: Share of sales in each ~$50k price band for “leila-mcphillips triangle” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
202-197 Watson Street — 16 amenities found within 500 m, across 6 categories, including 7 dining (nearest 399 m), 2 healthcare (nearest 228 m), 3 shopping (nearest 345 m).
Crime & safety
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview & Key Characteristics
This 835 sqft property at 202-197 Watson Street in Winnipeg's Leila-Mcphillips Triangle neighbourhood is a notably affordable entry point into the market. Built in 1986, its primary appeal lies in its exceptionally low property tax burden, as reflected by the assessed value ranking in the top 3% city-wide for affordability. The unit is compact and efficient, suitable for a minimalist lifestyle or as a strategic first investment.
Its appeal is practical and financial. It suits buyers with a tight budget seeking a foothold in homeownership without high carrying costs, or investors looking for a low-cost rental unit. The rankings suggest the space is smaller than most in Winnipeg, but it compares more favourably within its immediate street, indicating a neighbourhood of modestly sized homes. A thoughtful perspective is that this property represents a "value-over-space" proposition: you are purchasing location and ownership for a very low entry price, with the trade-off being limited square footage and no private garage or basement. It’s a straightforward asset for those whose priority is economic efficiency over expansive living areas.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The assessed value of $14.3k ranks in the top 3% lowest in Winnipeg, meaning property taxes are among the most affordable in the city. This is the standout financial feature of this home.
2. Is this a house or a condo/strata property?
The address format (202-197) and the mention of nearby units (e.g., 311-201 Watson Street) strongly suggest this is a condominium or similar multi-unit property, not a standalone house. Specific strata or condo fees would need to be confirmed.
3. The home sold for $14.1k in 2016. Is the price listed now similar?
The sales history shows a past transaction price very close to the current assessed value. This indicates a stable, low-value property. Any current listing price would likely be influenced by this but may be set higher by the seller.
4. Who would this property not suit?
It would not suit growing families needing multiple bedrooms, anyone requiring significant storage (no basement is noted), or buyers who prioritize modern updates and ample living space.
5. The "People also viewed" listings show much higher-valued homes. Why?
These are likely suggested by an algorithm based on neighbourhood browsing. They show what other buyers in the area are considering, which highlights this property's role as the most affordable option in a broader search. It underscores the value of this listing for budget-focused buyers.