Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Watson Street): Below Average. Ranked #244 out of 315 (Bottom 23%). The street average for comparable homes is 922 sqft.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #388 out of 459 (Bottom 15%). The neighborhood average for comparable homes is 937 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #25,550 out of 26,841 (Bottom 5%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Watson Street): Below Average. Ranked #253 out of 315 (Bottom 20%). The street average for comparable homes is 176.3k.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #397 out of 459 (Bottom 14%). The neighborhood average for comparable homes is 176.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,735 out of 26,841 (Bottom 4%). 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
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
207-189 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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Is this home right for you?
Property Overview: 207-189 Watson Street, Winnipeg
Key Characteristics & Appeal
This is a compact, late-1980s condominium in Winnipeg's Leila-Mcphillips Triangle neighborhood. At 588 square feet, its living space is notably smaller than most comparable homes on its street, in the area, and across the city. This is reflected in its below-average assessed value of $12,100, which positions it as one of the more accessible entry points into the market.
The primary appeal lies in its affordability and efficiency. It represents a low-barrier option for first-time buyers, investors seeking a rental property with a modest entry cost, or downsizers looking to minimize expenses and maintenance. Its 1986 build date is around average for the city, suggesting a balance between established infrastructure and relative modernity.
A less obvious perspective is its potential as a practical financial tool rather than a forever home. The below-average costs for taxes and fees (implied by the low assessment) could allow an owner to build equity with lower carrying costs, freeing up capital for other investments or life goals. It suits a buyer whose priority is securing a tangible asset in the market over spacious living.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is directly tied to the property's characteristics, primarily its smaller square footage. It ranks in the bottom 20% of the city for both size and value, which results in a proportionally lower assessment and, typically, lower property taxes.
2. What does the sold price history tell me?
The property sold between $100,000 and $150,000 in 2017. This historical range, combined with the current low assessed value, indicates it has consistently been a budget-conscious option. For an exact sale price, you can request details via email from the listing source.
3. Who would this property suit best?
It's ideally suited for a first-time buyer prioritizing entry into the market over space, an investor looking for an affordable rental unit, or someone downsizing to reduce living costs and maintenance responsibilities.
4. How does it compare to its immediate neighbors?
The listing shows several other units at the same address (e.g., 307-201, 309-201 Watson). This suggests it is part of a larger condominium or apartment-style complex, meaning your immediate comparables and neighborhood experience will be very similar to these adjacent units.
5. Are there any concerns with a property of this age and size?
The 1986 build is average for Winnipeg, so standard due diligence for a building of that era is advised. The more significant consideration is the compact size (588 sq ft), which requires a lifestyle suited to efficient living and may impact long-term resale appeal to larger households.