Property Overview: 215 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-century residence built in 1941, situated on a modest 4,043 sqft lot in the established North River Heights neighborhood. Its primary appeal lies in its balance of space and value. With 1,286 sqft of living area, the home offers functional space that is very typical for its immediate street and area, ranking around the average among local comparables.
A standout characteristic is its assessed value of $475,000, which is notably above average for the city overall and on Borebank Street itself. This suggests the property is perceived to offer good value or desirable attributes not fully captured by square footage alone, possibly including finishes, layout, or its specific location within the community. The lot size is smaller than most in the area, which could mean lower maintenance while still providing private outdoor space.
This property would suit a buyer looking for a character home in a mature neighborhood without the footprint of a large yard to manage. It’s ideal for small families, couples, or downsizers seeking a established community feel. The above-average assessment relative to the city indicates it may appeal to a value-conscious buyer who prioritizes the neighborhood's prestige and stability over maximizing square footage.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The lot of 4,043 sqft is smaller than most in North River Heights and on Borebank Street, ranking in the bottom 15% locally. This means less yard maintenance but potentially less private space than neighboring properties.
2. The assessed value seems high for the home's size and age. Why?
The assessment of $475,000 is above the city average and ranks well on its own street. This often reflects factors like desirable location within the neighborhood, quality of renovations, or market demand for homes in North River Heights, which may not be immediately apparent from basic metrics.
3. What does the year built (1941) mean for potential updates?
Built 85 years ago, the home is older than the Winnipeg average. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, while also appreciating the character and build quality of that era.
4. Are there recent sales records available for this home?
No sales history is displayed for this listing. Exact sale figures are not published on the site due to industry rules, but can be requested manually from the provider for verified data.
5. How does the living space compare to a typical Winnipeg home?
At 1,286 sqft, the living area is very close to the Winnipeg average (1,342 sqft). It provides a comfortably sized layout that is typical for the area, neither exceptionally large nor small.