154 Borebank Street – Property Summary

Key Characteristics & Buyer Profile

This 1,456 sqft home, built in 1947, sits on a 5,996 sqft lot in Winnipeg’s Wellington Crescent area. Its most notable feature is the assessed value of $525,000, which ranks in the top 11% on Borebank Street and top 16% citywide—well above the street average of $426,200 and the city average of $390,100. The living area is also above average for the street (top 19%), though it falls below the Wellington Crescent neighbourhood average of 2,343 sqft. The lot size is average for both the street and city, but smaller than the neighbourhood norm of nearly 9,500 sqft.

The appeal here is value relative to location. The property offers above-average assessment and living space on its immediate street, but sits in a neighbourhood where homes are generally larger, newer, and assessed higher. That gap may appeal to buyers who want access to the Wellington Crescent area—known for its mature trees, larger lots, and proximity to the river and parks—without paying for a home that matches the neighbourhood’s full scale. It would suit someone who prioritizes a strong assessment-to-price ratio, values an established street with good rankings, and is comfortable with a house that is older (1947) and likely in need of some updating or maintenance typical of that era.

Frequently Asked Questions

1. How does this property compare to others on Borebank Street specifically?
It outperforms most homes on the street in both living area (1,456 sqft vs. 1,211 avg) and assessed value ($525k vs. $426.2k). The lot size and year built are close to the street averages, so it’s not an outlier in those respects.

2. Why is the assessed value high relative to the neighbourhood average?
The Wellington Crescent neighbourhood average ($805.6k) includes many larger, more expensive properties. This home’s value is strong for the street but sits below that neighbourhood figure, meaning it’s a relatively affordable entry point into the area.

3. Is the 1947 build a concern?
It’s typical for Borebank Street (average build year also 1947), but newer than much of Wellington Crescent (average 1940). Citywide, most comparable homes are newer (1966 avg). Expect systems like electrical, plumbing, and insulation to reflect mid-century construction, and have a home inspection focus on these.

4. How does the lot size affect use or future plans?
At 5,996 sqft, the lot is average for the street and city, but noticeably smaller than the neighbourhood average of 9,488 sqft. It offers a standard urban yard but not the expansive space many Wellington Crescent homes have. If you want a large garden or room for an addition, this lot may feel tight compared to neighbours.

5. What type of buyer typically looks at this home?
Someone who wants to live in a desirable central Winnipeg neighbourhood with good street-level rankings, but isn’t looking for a showpiece property. It suits buyers who see potential in an older home on a solid lot, with an assessed value that suggests room for equity growth if the area continues to appreciate.