149 Borebank Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,372 sqft home built in 1932 on a 4,800 sqft lot in Winnipeg’s Wellington Crescent area. Its assessed value is $380,000.
The property’s main appeal lies in its street-level context. On Borebank Street, it ranks in the top 25% for living area and has above-average square footage compared to nearby homes. The assessed value is around average for the street but well below the Wellington Crescent neighbourhood average of $805,600. This means you get a genuinely larger-than-usual house for the block, without the premium price tags typical of the wider area. The land area, while modest for the neighbourhood, is average for Winnipeg overall and slightly smaller than typical lots on the same street.
The home is older (1932) and ranks in the bottom 21% for age on Borebank Street. This suggests it may have original character details common to pre-war homes, but also likely needs more maintenance or updates than a newer property.
Best suited for: A buyer who wants a home with period bones and above-average interior space on a quiet street, but who isn’t interested in paying for the high land values or prestige of the Wellington Crescent name. Ideal for someone comfortable with an older home and willing to invest in renovations or updates over time. Less suited for anyone seeking a move-in-ready modern layout or a large private lot.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $380,000 is slightly below the street average of $426,200 and far below the neighbourhood average of $805,600. Citywide, it sits near the median for comparable homes. This suggests the home offers relatively good value for its living area within this district.
2. Is the lot size a concern for buyers in this neighbourhood?
The lot is 4,800 sqft – average citywide but smaller than the 9,488 sqft typical of Wellington Crescent. If you’re comparing to other homes on Borebank Street itself (average 5,265 sqft), the difference is minor. For buyers seeking a large yard or expansion potential, the land is a limitation relative to the broader area.
3. What does the year built (1932) mean for maintenance and character?
The home predates most others in the neighbourhood (median 1940) and is much older than the citywide average (1966). Buyers should expect possible outdated electrical, plumbing, or insulation, but also likely features like hardwood floors, solid framing, and architectural detailing common to early 20th-century homes. A thorough inspection is advisable.
4. How does this home rank within the broader Winnipeg market?
Citywide, it ranks in the top 37% for living area, top 44% for assessed value, and bottom 18% for newer construction. It’s a reasonably spacious home for its price range, though it’s older than roughly four out of five homes citywide. The property is neither exceptional nor below average – it sits solidly in the middle tier across most metrics.
5. Why are the neighbourhood rankings so different from the street rankings?
Wellington Crescent includes many large, high-value properties that pull the neighbourhood averages upward. On Borebank Street – a smaller, more modest street within that district – this home performs well. The contrast reveals that Borebank Street itself is a pocket of relatively affordable, smaller homes within an expensive, large-lot neighbourhood.