144 Borebank Street – Property Summary
Key Characteristics & Who It’s For
This is a 1914 home with 1,657 square feet of living space on a 2,998-square-foot lot. Its assessed value is $385,000.
The property stands out most for its interior space. On its own street, it ranks in the top 9% for living area—meaning it’s noticeably larger than the typical home nearby. Citywide, it also sits above average in size. The lot is a different story: it’s small for the neighbourhood and even modest by city standards, ranking in the bottom 10% citywide. The assessed value reflects this trade-off—around average for the street and the city, but well below the Wellington Crescent neighbourhood average of $805,600. The home’s age (1914) is below average for its street, neighbourhood, and city, which is typical of older central areas.
The appeal lies in getting more interior square footage for the price, in a well-established area, without paying for a large yard. It would suit a buyer who prioritizes indoor living space over outdoor land, appreciates a pre-war character home, and is comfortable with a property that doesn’t match the lavish lot sizes of its high-end neighbours. This isn’t a fixer-upper opportunity—it’s a solidly average-value home that offers a size advantage indoors.
Five Frequently Asked Questions
1. Is the assessed value of $385,000 a reliable estimate of market price?
Assessed values are a useful benchmark but often lag the market. Given that this home is around average for its street and city, but well below the neighbourhood norm, the market price will depend heavily on condition, updates, and recent sales of similar-sized homes nearby. It’s best treated as a starting point, not a final number.
2. Why is the land area so small compared to others on the street?
Borebank Street is in an older, established part of Wellington Crescent where original lot subdivisions varied widely. This particular property likely came from a narrower or shallower parcel. The trade-off is a smaller yard but less upkeep and potentially a lower price point than neighbouring homes on larger lots.
3. Does the 1914 build date mean the house is outdated or needs major work?
Not necessarily. Many homes from that era have been updated over time. The year built ranking simply shows it’s older than most comparable homes. A thorough home inspection is the only way to assess the actual condition of systems, foundation, and structure. Pre-war construction can offer good bones but may need attention to insulation, wiring, or plumbing.
4. How does this property compare to others in the Wellington Crescent area overall?
It’s an outlier. Most homes in that neighbourhood are on much larger lots (averaging 9,488 sqft) with higher assessed values. This property offers a more modest, compact version of the area without the premium land cost. It’s a way into the neighbourhood for a buyer who values location and interior space over a large yard.
5. What does the “Top 23% citywide” living area ranking actually mean?
It means that out of nearly 195,000 comparable homes in Winnipeg, this property is larger than about 77% of them. For a 1,657-square-foot home, that’s a solid position—indicating it’s on the bigger side for the city as a whole, even if it doesn’t rival newer suburban builds.