Property Summary: 350 Borebank Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 350 Borebank Street in North River Heights is a classic, early 20th-century property built in 1937. With 1,021 square feet of living space on a 4,560 sqft lot, it presents a more compact and manageable footprint compared to many area homes. Its assessed value of $410,000 is competitively positioned, sitting slightly below the neighbourhood average but above the city-wide average, suggesting a value proposition within a desirable area.
The primary appeal lies in its location within the established North River Heights community, coupled with its efficient scale. It suits first-time homebuyers, downsizers, or investors looking for an entry point into a mature neighbourhood without the upkeep of a larger property. A thoughtful perspective is that its smaller lot and living area, while below street and area averages, translate to lower maintenance costs and utility expenses—a practical advantage. The home’s age (older than 78% of houses on its street) indicates character and potential for updates, appealing to those who appreciate classic architecture and are prepared for the considerations of an older home.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to its neighbours?
At 1,021 sqft, the living area is smaller than the average home on Borebank Street (~1,211 sqft) and in North River Heights overall (~1,540 sqft). This indicates a cozier, more efficient layout.
2. Is the assessed value in line with the area?
The $410,000 assessment is very close to the street average ($426k) and below the broader neighbourhood average ($479k), but above the Winnipeg city-wide average ($390k). This positions it as a mid-range value within its immediate locale.
3. What should I consider about the year it was built?
Built in 1937, the home is older than most on its street. Buyers should factor in the potential for older building materials, systems like plumbing and electrical, and the need for updates, while also appreciating the character of a pre-war build.
4. How does the lot size impact the property?
The 4,560 sqft lot is below the street average. This means a smaller yard for maintenance, but also less outdoor upkeep. It’s close to the average for North River Heights, so it’s not atypical for the community.
5. Where can I get verified sold price data for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and figures via email from the site’s team, who will provide a manual lookup.