69.5
Good
Property score
69.5
Good
Overall 69.5
Newer than most nearby homes
1,131 sqft (bottom 32%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~111k
Transit 80.0
3-min walk to transit with 3 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
16% 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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69.5 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
551 Borebank Street — 11 amenities found within 500 m, across 6 categories, including 4 dining (nearest 245 m), 1 education (nearest 313 m), 1 shopping (nearest 263 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 551 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 28% | Top 35% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home on a quiet street in Central River Heights presents a classic Winnipeg character home with modern updates. Its key appeal lies in a desirable, established neighbourhood paired with a renovated basement, offering flexible living space. The lot size is generous for the area, providing room for gardens or outdoor enjoyment. The home was built in 1954, making it newer than many in the immediate vicinity, and its assessed value is notably above average for the street, neighbourhood, and city, suggesting solid investment potential or above-standard finishes.
It would suit a first-time buyer or downsizer looking for a manageable single-level layout in a prime location, or an investor attracted by the value proposition in a consistently sought-after area. The detached garage and larger lot also appeal to those who value private outdoor space and storage.
Frequently Asked Questions
Is the basement a legal suite?
The listing notes a renovated basement, but does not specify if it is a legal, rentable suite. This is a crucial point for investors or those seeking rental income, and verification with the city would be required.
How does the sale history affect the current price?
The property last sold for $439,000 in August 2020. The current assessed value of $550,000 reflects significant appreciation, which buyers will want to understand in the context of recent renovations and area market trends.
What is the condition of the detached garage?
While a detached garage is listed as a feature, its size, condition, and whether it is insulated or heated are not specified. This could be a key factor for those needing workshop space or vehicle storage.
Are there any major upcoming expenses common for homes of this age?
Built in 1954, the home is likely past the age of original major systems. Prospective buyers should investigate the age and condition of the roof, windows, plumbing, and electrical to anticipate potential future investments.
How does the living space compare to modern needs?
At 1,131 sqft, the living area is slightly below the neighbourhood average. Buyers should consider if the renovated basement adequately compensates for the main floor space to meet their long-term needs.
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