69.5
Good
Property score
69.5
Good
Overall 69.5
Newer than most nearby homes
1,194 sqft (bottom 43%)
Built in 1953
Located in a high-income area
with median household income of ~111k
Transit 80.0
5-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
11% 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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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
576 Borebank Street — 9 amenities found within 500 m, across 6 categories, including 4 dining (nearest 341 m), 1 education (nearest 289 m), 1 shopping (nearest 357 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 576 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 14% | Top 17% | Top 16% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Top 48% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 576 Borebank Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Central River Heights, built in 1953 on a generous, approximately 5,900 sqft lot. The home offers 1,194 sqft of living space, which is comfortably sized and in line with area averages. Key features include a renovated basement and a detached garage. The property’s standout characteristic is its assessed value, which ranks consistently in the top 10-12% when compared to homes on its street, in the neighbourhood, and across Winnipeg, suggesting it is viewed as a higher-value asset relative to its peers.
The appeal lies in its established River Heights location combined with the value proposition indicated by its assessment. It suits buyers looking for a solid, single-level home in a prime neighbourhood, with the potential of a finished basement for extra living space. It would particularly resonate with value-conscious buyers who appreciate a home that stands out in terms of municipal assessment, or those seeking a property with a large lot in a central area, offering room for gardens, expansion, or simply more private outdoor space.
Frequently Asked Questions
1. Why is the assessed value so much higher than the 2017 sale price?
Municipal assessments for tax purposes are based on mass appraisal models and market trends, not individual sale prices. The significant increase since 2017 likely reflects strong market appreciation in the area and the property's attributes, such as its lot size and renovated basement.
2. Is the home smaller than others in River Heights?
At 1,194 sqft, the living area is slightly below the current neighbourhood average but is very typical for homes of its era on Borebank Street. The renovated basement effectively adds usable space, making the overall footprint more competitive.
3. What does the "above average" ranking for the Year Built mean?
In Central River Heights, a 1953 build date is considered "above average" because many homes in the area are older. This means the home is relatively newer compared to its immediate neighbours, though it still requires consideration for updates common to houses of that age.
4. How does the lot size compare?
The lot is approximately 5,879 sqft, which is larger than the average for both Borebank Street and Central River Heights. This is a key asset, providing more outdoor space than many properties in this sought-after neighbourhood.
5. The 2020 sale price was $500k. What does that tell me?
That sale establishes a recent market benchmark. When compared to the home's strong assessed value ranking, it suggests the property has been perceived as a premium offering within its local market context, a useful data point for understanding its value trajectory.
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