280 Borebank Street

Property Overview: 280 Borebank Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 280 Borebank Street presents a compelling blend of space, location, and value within Winnipeg's established North River Heights neighborhood. Its key appeal lies in its above-average proportions relative to its immediate surroundings. With 1,645 sqft of living area, the home is notably larger than most on its street (ranking in the top 10%) and offers a generous 6,004 sqft lot, providing ample indoor and outdoor space for a family.

The assessed value of $472k sits above the street average, suggesting a well-regarded property, yet remains around the median for the broader North River Heights area. This positions it as a solid, mid-range investment in a desirable neighborhood. Built in 1939, the home is characteristic of the area's vintage, meaning buyers should appreciate classic architecture and be prepared for the potential maintenance or updating that comes with an older home.

This property would best suit buyers looking for a established community feel with room to grow. It’s ideal for a family seeking a generous yard and more interior space than is typical on the block, or for a value-conscious buyer who recognizes that a home older than most on the street may offer an opportunity to add value through thoughtful updates. Its strong rankings for lot and living size indicate a premium footprint in the locale.

Section 2: Frequently Asked Questions

1. How does the home’s age impact its value and appeal?
Built in 1939, it is older than 72% of homes on Borebank Street. This can mean charming character and a mature landscape, but also suggests potential considerations around the condition of major systems (like plumbing, electrical, or the roof) and energy efficiency, which a thorough inspection would address.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($472k) is for municipal tax purposes and is a useful benchmark. Notably, it's above the street average but aligned with the neighborhood average. The last known sale was between $400k-$450k in 2019, so market conditions, recent renovations, and buyer demand will ultimately determine the current price.

3. What does the lot size mean for potential future plans?
At over 6,000 sqft, the lot is larger than 89% of those in North River Heights. This not only allows for generous private outdoor space but could also provide future flexibility for additions, a large garden, or recreational structures, subject to local zoning bylaws.

4. How does this property compare to others nearby?
The data shows it stands out on its own street for living space and lot size. Compared to the wider city, it offers above-average living space. The provided list of nearby and similarly valued properties can help you understand alternatives in different locations or configurations.

5. Where can I get precise historical sale data?
The exact sold price history is not publicly displayed here due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup, which they provide without using your contact information for marketing.