Property Summary: 290 Borebank Street, Winnipeg
Key Characteristics & Appeal
This home at 290 Borebank Street in North River Heights is a classic, compact property built in 1929. Its key characteristic is its modest scale: with 821 square feet of living space, it is notably smaller than most homes on its street and in the wider neighbourhood. This is reflected in its below-average assessed value for the area, coming in at $345k against local averages that are significantly higher.
The appeal lies in its position as a more accessible entry point into a desirable, established neighbourhood. The lot size of 4,801 sq. ft. is very typical for the area, offering standard outdoor space. For the right buyer, the smaller interior footprint presents a manageable project—whether that means maintaining its original character or planning a thoughtful expansion. Its city-wide assessed value is around average, suggesting it may offer relative value within a premium neighbourhood context.
This property would best suit a first-time buyer, a downsizer, or an investor looking for a character home in North River Heights without the premium price tag of a larger house. It’s a practical option for someone who values location and land over square footage, and who may be comfortable with a cozier layout or has a vision for future renovations.
Frequently Asked Questions
1. Is the sold price range provided accurate?
The sold price range is based on publicly available data, not the MLS. For fully verified, exact sale figures, you must request a manual lookup via email from the site.
2. How does the living area compare to nearby homes?
At 821 sq. ft., the living area is well below the average for North River Heights (approx. 1,540 sq. ft.) and for its own street (approx. 1,211 sq. ft.), placing it in the bottom 10% locally for size.
3. What does the assessed value tell me about this property?
The $345k assessment is below average for both Borebank Street and North River Heights, but is close to the city-wide average. This indicates you are paying primarily for the neighbourhood location and the land, rather than for a large amount of finished living space.
4. Are homes from 1929 a concern?
While its age is greater than most on its street, it is near the average build year for the North River Heights neighbourhood. A pre-purchase inspection is essential to understand the condition of major systems, potential updates needed, and the integrity of its original features.
5. What are the potential upsides of a smaller home on a standard lot?
The combination suggests lower property taxes relative to neighbours and potentially lower maintenance costs for the structure itself. The standard lot size also maintains the possibility for additions, a garage, or garden space, which are often more constrained on smaller lots.