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 #251 out of 315 (Bottom 20%). The street average for comparable homes is 176.3k.
Neighborhood Level (Leila-Mcphillips Triangle): Below Average. Ranked #395 out of 459 (Bottom 14%). The neighborhood average for comparable homes is 176.3k.
Citywide Level (Winnipeg): Below Average. Ranked #25,629 out of 26,841 (Bottom 5%). 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
309-193 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
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Is this home right for you?
Property Overview: 309-193 Watson Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 588 sqft condo unit in Winnipeg's Leila-Mcphillips Triangle neighborhood, built in 1986. Its primary appeal lies in its affordability and low carrying costs, as reflected in its well-below-average assessed value. The unit ranks in the bottom quarter for both size and value compared to similar properties on its street, in the area, and city-wide, indicating a clear entry-point price position.
The property would suit a very specific buyer: first-time purchasers, investors seeking a low-cost rental property, or downsizers looking to minimize expenses. Its smaller size and modest valuation make it a practical, no-frills option. A less obvious perspective is that a unit with consistently low metrics can represent stability—it’s less susceptible to market fluctuations that affect premium properties and offers predictable, baseline utility. For the right buyer, it’s a straightforward asset rather than a lifestyle statement.
Section 2: Frequently Asked Questions
1. What are the condo fees, and what do they cover?
The listing data does not include monthly condo fee information. This is a critical detail to request, as fees directly impact affordability and can vary widely based on the building’s reserve fund and what utilities or amenities are included.
2. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a key part of the unit’s low carrying cost appeal. You can estimate taxes by applying the city’s current mill rate to the assessed value.
3. Is this a good investment for a rental property?
Given the low entry price, the potential for a positive cash flow is more achievable, especially if the unit is purchased outright or with a substantial down payment. However, profitability depends entirely on the purchase price, financing costs, condo fees, and achievable rent.
4. The unit is smaller than average. How does the layout function?
At 588 sqft, efficient use of space is essential. Request a floor plan or schedule a viewing to assess if the layout is open or segmented, and to determine practical furniture placement and storage options.
5. The building is from 1986. What should I know about its condition?
While the building’s age is around average for the area, it’s important to inquire about the status of major building components like roofing, windows, and plumbing, and to review the condo corporation’s reserve fund study to understand plans and funding for future repairs.