62.4
Fair
Property score
62.4
Fair
Overall 62.4
Smaller but newer than most nearby homes
944 sqft (bottom 7%)
Built in 1953
Located in a high-income area
with median household income of ~111k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 4 dining spots, 2 schools, 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
Below average
30% 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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62.4 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
579 Borebank Street — 10 amenities found within 500 m, across 6 categories, including 4 dining (nearest 303 m), 2 education (nearest 343 m), 1 shopping (nearest 317 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 579 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 46% | Bottom 41% | Top 38% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 23% | Bottom 19% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1953 one-storey home on Borebank Street in Central River Heights presents a specific and practical opportunity. Its key appeal lies in a renovated basement and a detached garage, situated on a standard-sized lot for the area. The living space, at 944 sqft, is notably compact compared to area averages, indicating a home focused on essentials rather than expansiveness. Its recent sale history shows steady value appreciation in a desirable, established neighbourhood.
This property would suit a first-time buyer seeking an entry point into a prime neighbourhood without a premium price for square footage, or a downsizer looking for manageable indoor space coupled with a good-sized yard. It’s a home for those who value location and lot size over a large interior, and who see potential in a renovated basement to extend the functional living area.
Key Considerations: Frequently Asked Questions
1. How does the home’s size impact its value?
While the living area is below average for the street and neighbourhood, this is reflected in its positioning in the market. The value proposition is the land, location, and updated features like the basement, rather than interior square footage.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. A key question for buyers would be the nature of the renovation—whether it’s a finished recreational space, added bedrooms, or updated utilities—and whether proper permits were obtained.
3. Is the assessed value a good indicator of the likely sale price?
No. The municipal assessed value ($38.5k) is for taxation purposes only and is not a market valuation. The recent 2023 sale price of $380k is the relevant market indicator.
4. How does the age of the home affect maintenance?
Built in 1953, the home is older than many on its street. While systems like the roof, windows, or plumbing may have been updated, buyers should budget for the maintenance typical of a 70+ year-old structure and consider a thorough inspection.
5. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or as a workshop without concerns about fumes or noise entering the house. However, it may be less convenient during Winnipeg winters compared to an attached garage.
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