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
208-193 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
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 208-193 Watson Street. No advertising. Data source details →
Related homes
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Address · Year Built · Living Area
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Is this home right for you?
Property Overview: 208-193 Watson Street, Winnipeg
Key Characteristics & Appeal
This is a compact, 588 sqft condo unit in the Leila-Mcphillips Triangle neighbourhood, built in 1986. Its primary appeal is its exceptionally low financial barrier to entry. With an assessed value of just $11,800, it ranks in the bottom 5-6% of properties city-wide for this metric, making it one of the most affordable ownership options in Winnipeg. The unit is smaller than average for its street, area, and the city, which directly contributes to its low cost.
The property suits a very specific buyer: first-time purchasers seeking to build equity at the lowest possible price point, or investors looking for a minimal-cash-flow property. Its value lies not in space or luxury, but in pure accessibility to the market. A thoughtful perspective is that this could serve as a practical "starter step" for someone disciplined about saving, where the low carrying costs might allow for accelerated down payment savings for a next home. It’s a functional asset rather than a lifestyle property.
Frequently Asked Questions
1. Why is the assessed value so low?
The assessed value is low primarily due to the unit's small size (588 sqft), which is significantly below the local and city averages. This, combined with its age and condo structure, places it in the lowest tier of the market.
2. What type of lifestyle does this condo support?
It supports a minimalist, cost-conscious lifestyle. It's suitable for a single person or a couple comfortable in compact living quarters, prioritizing ownership cost over space.
3. How reliable are the sold price estimates shown?
The listed sold price range (e.g., $9.5k ~ $12.5k in 2/2018) is based on public data. For the exact historical sale price, you must request it directly via the provided email service.
4. What should I consider about the building given the year built (1986)?
As a building from the mid-80s, prospective buyers should pay close attention to the status of the condo reserve fund and any recent or planned special assessments for major repairs (like roofing, windows, or building envelope), which are common for properties of this age.
5. Who are the most likely neighbours or nearby owners?
Given the cluster of similar units at identical addresses (e.g., 307-201, 309-201 Watson Street), the building is likely a multi-unit complex. The immediate neighbours are probably other owners or tenants in similar compact, affordable units.