262 Borebank Street

Property Overview: 262 Borebank Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home presents a classic Winnipeg character property built in 1925, situated on a notably generous 6,004 sqft lot in the established North River Heights neighborhood. Its key appeal lies in the balance between a modestly sized, 1,160 sqft house and a land parcel that is well above average for both the immediate street and the broader area. This creates significant potential for expansion, gardening, or outdoor living.

The assessed value of $396k is comfortably below the North River Heights average, suggesting a relatively accessible entry point into the neighborhood. The data indicates a home that is not the largest or newest on the block, but one that offers a substantial and valuable piece of land. It would particularly suit a buyer who values lot size over finished living space, such as someone looking for a character home with room to grow, a first-time buyer prioritizing location and land, or an investor recognizing the underlying value of the property footprint. Its older vintage means charm and potential heritage elements, but also necessitates a practical mindset for maintenance and updates.

Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The 6,004 sqft lot is a standout feature, ranking in the top 11% for size on Borebank Street and within the North River Heights area, offering more space than most comparable neighboring properties.

2. Is the assessed value in line with the neighborhood?
The $396k assessment is below the North River Heights average of approximately $479k, but is around the city-wide average. This suggests the valuation reflects the home’s older age and smaller living area, rather than its desirable location and lot size.

3. What should I consider about the home’s age?
Built in 1925, the home is older than most in its immediate vicinity. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider the charm and character of a century-old home alongside its maintenance needs.

4. What was the previous sale price?
Records indicate a sale in December 2020, with a publicly listed price range between $300,000 and $350,000. For verified, exact historical sale figures, a manual lookup through the site is required.

5. How does the living space feel for a family?
At 1,160 sqft, the living area is below the average for North River Heights. It would suit a small family, a couple, or a buyer for whom the generous yard and neighborhood are higher priorities than expansive indoor square footage. The layout and flow of a 1925 home will be a key factor in livability.