70.1
Good
Property score
70.1
Good
Overall 70.1
Newer than most nearby homes
1,194 sqft (bottom 43%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~111k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 4 dining spots, 1 school, 1 shop, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Above average
1 yrs newer than neighborhood avg.
Mother tongue
English · 84%Chinese · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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70.1 is composed by the two sections below.
Property Score
Community Score
Central River Heights
How to read: Share of sales in each ~$50k price band for “central river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111050
$111K
Median household income
$120K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
24%
Single-person households
27%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
531 Borebank Street — 12 amenities found within 500 m, across 6 categories, including 4 dining (nearest 222 m), 1 education (nearest 310 m), 1 shopping (nearest 242 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Local garbage, recycling, and yard waste pickup schedule for 531 Borebank Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 44% | Top 49% | Top 32% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 28% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1954 one-storey home on Borebank Street in Central River Heights is a property defined by its land and location. Sitting on a 6,000 sqft lot that is notably larger than many in the immediate area, its primary appeal is the generous outdoor space and established neighbourhood setting. The home itself offers a renovated basement and a detached garage, with a living area of approximately 1,194 sqft that is average for its context. Its assessed value consistently ranks above average for the street, neighbourhood, and city, suggesting a well-regarded parcel. This home would suit a buyer who prioritizes lot size and the quiet, tree-lined streets of River Heights over a large or modern interior. It’s a practical choice for someone looking to put down roots in a central community, potentially with an eye toward future expansion or garden development, given the sizable lot.
Frequently Asked Questions
How does the lot size compare practically?
At 6,000 sqft, the lot is in the top 17% on Borebank Street. This means you have significantly more yard space than many neighbouring properties, offering greater potential for gardening, play areas, or additions.
Is the home’s age a concern?
Built in 1954, it is newer than many homes on the street and in Central River Heights overall. While systems will still require due diligence, it’s a relatively younger home in an established neighbourhood.
What does the "above average" assessed value indicate?
The assessed value ranks in the top 19-28% across various comparisons. This typically reflects the combined desirability of the lot size, location, and property condition relative to others, which can be a positive indicator for long-term value.
How has the property’s value changed?
Previous sales show a price increase from $35.6k in 2017 to $40.5k in 2020. This trend aligns with the above-average assessed value and suggests steady appreciation in the current market context.
What is the neighbourhood like for daily life?
Central River Heights is a mature, central neighbourhood known for its walkability to local shops, schools, and parks. Borebank Street itself appears to be a stable, residential street with homes of varying vintages, as seen in the nearby listings.
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