312 Borebank Street

Property Overview: 312 Borebank Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This 1,444 sqft home, built in 1956, presents a compelling mix of established neighbourhood charm and practical value. Its primary appeal lies in its efficient use of space and its strong position within the immediate area. The living area is notably above average for Borebank Street itself, suggesting a home that offers more interior space than many of its direct neighbours. With an assessed value of $470,000, it sits above average both on its street and city-wide, indicating a perceived premium for its specific location and attributes.

A thoughtful perspective is its lot size of 3,000 sqft, which is smaller than most in North River Heights. This could be a draw for buyers seeking lower exterior maintenance without sacrificing interior space, or it may indicate a more compact, manageable yard. The home is newer than most in the desirable North River Heights area, potentially meaning fewer concerns related to the aging infrastructure common in century-old homes, while still offering established tree-lined streets.

This property would suit buyers looking for a move-in ready home in a prime, central neighbourhood who prioritize interior space and modern conveniences over a large garden. It’s also a sensible option for those who want to be in North River Heights but may find the upkeep of a larger, older property daunting.

Frequently Asked Questions

1. How does the lot size impact the property?
The 3,000 sqft lot is significantly smaller than the North River Heights average. This translates to less yard maintenance, which can be a benefit, but also means limited private outdoor space and potentially less distance from neighbouring homes.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($470k) is for municipal tax purposes and is a useful benchmark. Notably, it is above average for the street and city. However, market conditions, the home’s interior condition, and recent renovations will ultimately determine the sale price.

3. The home sold in 2017. What can that price tell me?
The previous sale (2017) fell in the $300k-$350k range. This historical data is helpful to see market trajectory, but it reflects the market of seven years ago and should not be used as a direct indicator of current value.

4. What does it mean that the home is "newer" for this area?
Built in 1956, this home is among the more modern in North River Heights, where many homes are from the 1920s-1940s. This can suggest updates to foundational elements like wiring, plumbing, and insulation, though specific condition depends on subsequent renovations.

5. Where can I get verified sale price data for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures directly from the site via email, which they will provide manually.