158 Borebank Street – Property Summary
Key Characteristics & Appeal
This 1947 home offers 1,602 square feet of living space on a 5,038-square-foot lot, with an assessed value of $513,000. It sits on Borebank Street in the Wellington Crescent neighbourhood of Winnipeg.
What stands out here is a clear split between street-level performance and neighbourhood context. Within Borebank Street itself, this property ranks in the top 12% for both living area and assessed value. That means it's one of the larger, higher-value homes on its immediate block. But in the broader Wellington Crescent area, it falls below average in living area (bottom 75%) and land size (bottom 71%), and its assessed value sits around the neighbourhood median. That's not a drawback so much as a signal: this home offers more space and value than its street neighbours, but it's not oversized or overpriced relative to the wider, more affluent area.
The home is older than the citywide average (1947 vs. 1966), but it's newer than much of the surrounding neighbourhood, where the average build year is 1940. The land area is notably modest for Wellington Crescent, where typical lots run nearly 9,500 square feet.
Who it suits: Buyers who want a solid, above-average home on a good street within a high-status neighbourhood—without paying for a sprawling lot or a mansion. It's a practical fit for someone who values location and interior space over land size, or who prefers a home that's already positioned well against its immediate neighbours rather than competing with the top end of the area.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Borebank Street, the average assessed value is $426,200, so this home sits about 20% above that. In Wellington Crescent, the average jumps to $805,600, which puts this property significantly below the neighbourhood mean. Citywide, it ranks in the top 18% of all homes.
2. Is a 1947 home likely to have original features or require updates?
That depends on the specific property, but homes from this era in Winnipeg often retain solid construction, good bones, and sometimes original hardwood or trim. The year of construction alone doesn't tell you about renovations—but the fact that it ranks above average in assessed value for its street suggests it's been maintained or improved relative to neighbours.
3. Why is the land area small for this neighbourhood?
Wellington Crescent is known for large, estate-like lots. Borebank Street is a side street within that area, and lots here tend to be more modest. This home's lot is actually close to the street average, so it's consistent with its immediate block—just not with the neighbourhood's larger properties.
4. How do the rankings work?
The rankings compare this property against similar homes within the same street, neighbourhood, and city. A higher rank (e.g., top 12%) means it outperforms most peers in that category. The bar fill shows what share of comparable homes it beats. Rankings are based on living area, land area, year built, and assessed value—each considered separately.
5. What does "neighbourhood level" mean here?
"Neighbourhood" refers to the Wellington Crescent area, which is a defined grouping of properties used for assessment and comparison purposes. It's broader than the street but narrower than the whole city. The averages and rankings here show how this home stacks up against all properties in that designated area.