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 #289 out of 315 (Bottom 8%). The street average for comparable homes is 176.3k.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #433 out of 459 (Bottom 6%). The neighborhood average for comparable homes is 176.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,836 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
208-189 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: 208-189 Watson Street, Winnipeg
Key Characteristics & Appeal
This is a compact, no-frills property at 588 square feet, built in 1986. Its primary appeal lies in its exceptionally low financial barrier to entry. With an assessed value of $11,800, it ranks in the bottom 6% city-wide for value, and it last sold between $100k-$150k in 2019. The living space is notably smaller than most comparable homes in the Leila-Mcphillips Triangle area and across Winnipeg.
This property would suit a very specific buyer: an investor looking for a minimal-cost addition to a portfolio, perhaps for rental income, or a hands-on buyer seeking the absolute lowest entry point into the Winnipeg market with plans to hold the asset long-term. Its value is purely functional and financial, not based on space, condition, or amenities. A thoughtful perspective is that such a unit can serve as a practical "foot in the door" for building equity in a costly market, where the trade-off for very low cost is accepting a property that performs below averages in size and assessed value across every measured tier.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price?
Assessed values in Manitoba are primarily for municipal tax purposes and often don't reflect current market value. The large gap between the $11,800 assessment and the historical sale price suggests the market attributes significant value to the ownership rights (e.g., the condo title or share) that aren't captured in the physical structure's assessment.
2. What does the ranking data (e.g., "Top 77%") actually mean for a buyer?
These rankings compare this property against peers. For example, "Top 77%" for living area means 77% of comparable listings are larger—it's in the bottom 23% for size. This quantifies that you are trading space for price, a concrete trade-off to consider.
3. Who would be the ideal owner for this type of property?
The ideal owner is likely an investor or a highly budget-conscious first-time buyer. Its low carrying costs (due to low assessed value and likely lower taxes) could appeal to someone using it as a long-term rental or as a starter property to build equity with minimal upfront investment.
4. Are there any obvious concerns with a property of this age and size?
While the 1986 build is around average for the city, the below-average size for the area may affect long-term resale appeal to typical homebuyers. It’s essential to investigate the condo corporation's financial health (if applicable) and any upcoming special assessments, as major repairs in smaller, older buildings can represent a significant per-unit cost.
5. How reliable are the "Sold 2019 CA$100k–150k" price ranges?
The provided range is an estimate from public data. For precise historical pricing to inform your offer, you should request the exact sold price history directly from the site, as they note this is verified manually.