302-193 Watson Street

Built 1986Living Area 835 sqft
Sale History
SOLDin Mar 2022
140K±5,000↘8yr -12.5%
Tax Assessment
161k(prev. 146k)
+15k(+10.3%)
DateSold PriceNeighbourhood
2022-03Sold140K±5,00018/26
2014-08Sold160K±5,00013/25
2013-05Sold150K±5,00014/27
2012-10Sold140K±5,00031/39

Rankings reflect the property's sold price position within its street, neighbourhood, and all of Winnipeg in the year of sale.

Map
↑
Near average835 sqft · top 60% in area · built 1986 · 1 yrs newer than avg
$
High-income areaMedian household income ~$57K · top tier income demographics
→
2-min walk to transit4 nearby routes · score 94/100
Score

Property score

Overall score
53.7● Fair
How is the score calculated? ▼
Scores are weighted aggregates of property attributes (size, age, lot, sales activity) and community signals from the 2021 Statistics Canada census (income, education, housing stress, employment). 100 = top of metric within Winnipeg.
Property Score
48.5
Low
Living area
32
Year built
78
Sales activity
86
Community Score
61.5
Fair
Income
60
Education
63
Housing
74
Core need
63
Employment
52
Rankings

How it stacks up

Each metric compared against 315 homes on Watson Street, 459 in Leila-Mcphillips Triangle, and 26,841 citywide. Polygon points further from the centre = better rank.
Living Area
835 sqft
● BELOW AVERAGE
StreetTop 42%AreaBottom 40%CityBottom 27%
Same street
Top 42%
#133 / 315
Bottom 40%
#277 / 459
Citywide
Winnipeg
Bottom 27%
#19,604 / 26,841
Tax-Assessed Value
161 k
● BELOW AVERAGE
StreetBottom 45%AreaBottom 32%CityBottom 14%
Same street
Bottom 45%
#174 / 315
Bottom 32%
#310 / 459
Citywide
Winnipeg
Bottom 14%
#23,023 / 26,841
Year Built
1986
● NEAR AVERAGE
StreetBottom 45%AreaTop 37%CityBottom 46%
Same street
Bottom 45%
#172 / 315
Top 37%
#172 / 459
Citywide
Winnipeg
Bottom 46%
#14,556 / 26,841
How rankings work — each polygon vertex is the property's percentile rank within that scope. Further from the centre = better.
Detailed ranking analysis ▼
302-193 Watson Street: Living Area 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.

302-193 Watson Street: Tax-Assessed Value Analysis

Street Level (Watson Street): Below Average. Ranked #174 out of 315 (Bottom 45%). The street average for comparable homes is 176.3k.

Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #310 out of 459 (Bottom 32%). The neighborhood average for comparable homes is 176.3k.

Citywide Level (Winnipeg): Below Average. Ranked #23,023 out of 26,841 (Bottom 14%). The citywide average for comparable homes is 276.9k.

302-193 Watson Street: Year Built Analysis

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.

Market

Leila-Mcphillips Triangle market pulse

Past 14 years sales snapshot (~80% of all data)
Sold count
194
last 14 years
Median price
172.4k
14-year area median
Price per sqft
$196/sqft
area average
Avg build year
1985
area average
Market conditions · Winnipeg
Sales-to-New-Listings?
Seller's market
67.9%
Buyer'sBalancedSeller's
Sold
1,822
New listings
2,684
Sold above asking?
Last 7 days
Majority over ask
62%
Below ask62% above
70 of 113 sold above asking
What this means
Upward pressure
Demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
2026-05

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.

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Weekly report
Winnipeg Real Estate Market Report — Jun 1–7, 2026
A tale of two timelines this week: nearly two-thirds of homes closed within 10 days at a steep over-asking premium, while everything that lingered past two weeks sold at a discount. The market is rewarding speed almost without exception.
Realtor recommended · 1 / 2
4 Bedrooms, Steps from U of M An Ideal Home for Living or Renting
In-depth Fort Richmond home review near University of Manitoba. 4-bed detached, 1,921 sqft, public sales records in 2016…
Read review →
Monthly report
Highest May Detached Average on Record $477,313
Winnipeg Real Estate Market Data · May 2026 : Average sets a record May, recovery signals converge — 2026's first month with sales above the 5-year average. Detached $477,313 (highest May on record) · Condo $294,703 (just shy of the 2025 record) Three "2026 firsts": sales above 5-yr avg · listings above last year · Condo sales above last year
Community deep dive

Who lives in this neighbourhood

Dissemination area #46111249 · Statistics Canada 2021 Census · Population 1609
1,609
Population (2021)
41.6
Median age
2.2
Avg household size
2,979 / km²
Population density
Distribution by household income band
0-5k
1%
5k-10k
1%
10k-15k
4%
15k-20k
1%
20k-25k
7%
25k-30k
6%
30k-35k
5%
35k-40k
5%
40k-45k
5%
45k-50k
6%
50k-60k
13%
60k-70k
9%
70k-80k
8%
80k-90k
5%
90k-100k
4%
100k-125k
9%
125k-150k
4%
150k-200k
5%
200k plus
3%
$57K
Median household income
$70K
Average household income
19%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
37%
Single-person households
20%
Families with children
56%
Labour participation
11%
Unemployment
Local · Day-to-day

Transit, amenities & safety

Everything within walking distance, plus crime and waste collection.

Nearby Amenities

Dining, education, healthcare, shopping & more

302-193 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).

Search radius
🍽️Dining7
🏥Healthcare2
🛒Shopping3
🌳Parks1
🏦Finance2
⛽Fuel Stations1

Crime & safety

Leila-Mcphillips Triangle · WPS public data
Full crime data →
Annual incidents
41
2026
vs. city average
+39%
▲ relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
80% of incidents

We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 302-193 Watson Street. No advertising. Data source details →

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Highlights & common questions

Is this home right for you?

Property highlights

Property Summary: 302-193 Watson Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a practical, no-fuss condo unit in Winnipeg's Leila-Mcphillips Triangle neighborhood. Built in 1986, its 835 sqft living space is modest but competitively sized for its immediate area, ranking in the top half of similar units on Watson Street. The assessed value is notably low compared to the Winnipeg city-wide average, suggesting a potentially lower property tax burden and an accessible entry point into the market.

The primary appeal lies in its affordability and functionality. It suits first-time buyers seeking a manageable mortgage, investors looking for a straightforward rental property, or downsizers who prioritize low maintenance and cost-efficiency over luxury. A thoughtful perspective is that its "average" metrics within its local context indicate a stable, predictable investment in an established building, free from the premium prices or volatility of trendier areas. Its value is in its simplicity and utility.

Section 2: Frequently Asked Questions

1. How does the condo fee impact the overall affordability?
While the listing does not specify the condo fee, this is a critical question. A lower purchase price and assessed value can be offset by a high monthly fee. Prospective buyers must obtain the fee amount and understand what it covers (e.g., heat, water, building insurance, reserves) to calculate the true monthly cost.

2. What is the building's reserve fund status?
For a building constructed 40 years ago, the health of the reserve fund is essential. A well-managed fund for future repairs (like roofing, windows, or balconies) helps avoid special assessments. Requesting the status certificate is a non-negotiable step.

3. Why is the assessed value so much lower than the city-wide average?
This reflects the building's age, the unit's size, and the specific market values in the Leila-Mcphillips Triangle area. It generally means lower property taxes, but it's also an indicator that price appreciation may be more gradual compared to higher-assessment districts.

4. What are the specifics of the 2022 sale?
The sold price is listed as a broad range (CA$100k–150k). To make a competitive offer, you should request the exact sold price history from the provided service to understand the precise market value from the most recent transaction.

5. What is the makeup of the building (renters vs. owners)?
The building's atmosphere and financial stability can be influenced by the owner-occupier to renter ratio. A higher percentage of owners living on-site often correlates with better maintenance and community involvement, which can affect both quality of life and resale value.