63.7
Fair
Property score
63.7
Fair
Overall 63.7
Smaller but newer than most nearby homes
972 sqft (bottom 11%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~111k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 4 dining spots, 1 school, 1 shop, and 3 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% 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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63.7 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
547 Borebank Street — 11 amenities found within 500 m, across 6 categories, including 4 dining (nearest 239 m), 1 education (nearest 311 m), 1 shopping (nearest 257 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 547 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 | Bottom 30% | Bottom 24% | Top 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 547 Borebank Street, Central River Heights
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Central River Heights offers a classic Winnipeg combination: a generous, above-average lot on a desirable street, paired with a modestly sized, renovated living space. Built in 1954, the house sits on a 6,000 sqft lot that ranks within the top 17% on its own street for size, providing significant outdoor space relative to many city properties. Its primary appeal lies in this land value and location, rather than the square footage of the home itself, which at 972 sqft is compact.
The property suits two main types of buyers. First, it’s ideal for a downsizer or first-time buyer seeking a manageable, single-level home with a renovated basement in a mature, established neighbourhood. Second, it represents a clear land-play for a future builder or homeowner with renovation plans, given the premium lot size in a central area. A thoughtful perspective is that while the living space is below neighbourhood averages, this can translate to lower utility costs and less maintenance—a practical efficiency that appeals to a lifestyle focused on location and outdoor space rather than expansive interiors. The detached garage adds functional storage or workshop potential.
Section 2: Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At 6,000 sqft, the lot is significantly larger than many in Central River Heights, offering ample space for gardening, expansion, or outdoor living. It ranks in the top 22% of lots by size within the neighbourhood.
2. How does the home’s size compare to others?
The 972 sqft living area is below the average for both Borebank Street and Central River Heights. This indicates a cozy, efficient layout rather than a sprawling one, which aligns with low-maintenance living.
3. What does the assessed value indicate?
The assessed value is around the average for the street and neighbourhood. This suggests the property is valued in line with its peers, with the land value likely balancing the smaller home size.
4. Has the property been sold recently?
Yes, it was last sold in July 2021 for $350,000. At that time, this sale price was below the average for the immediate street and the broader neighbourhood.
5. What is less obvious about this property’s potential?
The combination of a renovated basement and a large lot is key. It provides immediate, updated living space while securing the long-term option to expand the main floor footprint outward—a flexibility that many smaller lots in the area cannot offer. Its value is rooted in this future potential as much as in its current state.
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