72.3
Good
Property score
72.3
Good
Overall 72.3
Newer than most nearby homes
1,256 sqft (top 50%)
Built in 1953
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 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
7% smaller than neighborhood avg.
Year Built
Above average
0 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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72.3 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
563 Borebank Street — 9 amenities found within 500 m, across 6 categories, including 4 dining (nearest 268 m), 1 education (nearest 323 m), 1 shopping (nearest 285 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 563 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 14% | Bottom 12% | Bottom 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 563 Borebank Street, Winnipeg
Key Characteristics & Appeal
This well-situated home in Central River Heights is a classic one-and-a-half storey with a renovated basement and a detached garage. Its primary appeal lies in its generous 6,000 sqft lot, which is notably larger than most in the immediate area and neighbourhood, offering valuable outdoor space and potential. Built in 1953, the house itself has a functional living area of 1,256 sqft, which is typical for the style and location.
The property suits buyers looking for a solid entry point into a desirable, established neighbourhood where the land itself represents a significant portion of the value. It’s ideal for those comfortable with a home of vintage character who may have longer-term plans to update or expand the living space, leveraging the substantial lot. A thoughtful perspective is that while the home's living space is average, owning an above-average lot in River Heights provides a rare opportunity for gardens, recreation, or future investment that smaller parcels cannot offer.
Frequently Asked Questions
1. How does the lot size compare practically?
The 6,000 sqft lot is in the top 17% on its street and top 22% in Central River Heights. This means you likely have more backyard space and side yard room than many nearby properties, a key advantage in this neighbourhood.
2. What does "renovated basement" typically mean for a 1953 home?
While specifics should be verified, in homes of this era, a renovated basement often means it has been finished into a livable space (e.g., rec room, bedroom) with updated flooring, walls, and ceilings, but may retain original mechanical systems.
3. Is the assessed value a good indicator of the sale price?
No, the municipal assessed value ($40.10k) is for tax purposes and is not a market valuation. The home last sold in August 2023 for $310k, which is a more relevant benchmark, placing it well above average for the street.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can be ideal for a workshop or project space without concerns about fumes or noise in the house. However, it means a walk through the elements in winter, and the structure may be older, requiring maintenance.
5. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with an open-concept layout, as the floor plan and features will reflect its 1950s build. Those prioritizing immediate, high-end finishes over lot size and location potential might look elsewhere.
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