Property Overview: 423 Borebank Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a classic North River Heights property built in 1941, presenting a balanced offering in a well-regarded neighbourhood. With 1,215 sqft of living space and a 5,100 sqft lot, its size is very typical for Borebank Street itself, offering a manageable scale. The standout characteristic is its assessed value of $451,000, which ranks above average both on its street and city-wide. This suggests the property is perceived to offer good value or desirable attributes relative to many Winnipeg homes. Its appeal lies in this value-position within a stable, established area—it’s a home that holds its own in broader city comparisons while sitting on a decent-sized lot. The data indicates it last sold in July 2021 for between $400,000-$450,000.
This property would suit a buyer looking for a character home in a mature neighbourhood without the premium lot size or square footage of some larger area homes. It’s ideal for someone who values location and a solid foundation in a home that is competitively assessed, potentially appealing to first-time buyers moving into the area, downsizers, or value-focused investors. A thoughtful perspective is that, while its living area is below the neighbourhood average, its strong assessed value ranking implies other factors—like lot utility, condition, or specific location on the street—are positively impacting its worth.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value ($451k) is above the average for Borebank Street ($426k), ranking it in the top 28% on the street. However, it is slightly below the average assessed value for the broader North River Heights area ($479k).
2. Is the living space smaller than other homes in North River Heights?
Yes. At 1,215 sqft, the living area is below the neighbourhood average of about 1,540 sqft, placing it in the top 71% (meaning 71% of area homes are larger). It is much more in line with the typical size of homes directly on Borebank Street.
3. When was it last sold and for approximately how much?
Public records indicate the property was sold in July 2021. The sold price range is listed as CA$400,000–450,000. Exact sale figures require a manual lookup request through the site.
4. What does the “above average” city-wide assessed value ranking mean?
City-wide, this home’s assessed value ranks in the top 28%, significantly above the Winnipeg average of ~$390k. This indicates that, compared to all city properties, it is considered a higher-value asset, which can be a positive indicator for long-term equity.
5. How can I get verified, exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry data rules. You can request the full transaction history and exact figures by emailing the site directly; they will perform a manual lookup and provide the information via email.