67.3
Good
Property score
67.3
Good
Overall 67.3
Smaller but newer than most nearby homes
1,040 sqft (bottom 20%)
Built in 1953
Located in a high-income area
with median household income of ~111k
Transit 70.0
6-min walk to transit with 3 nearby routes
Within 500m: 3 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
23% 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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67.3 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
623 Borebank Street — 8 amenities found within 500 m, across 5 categories, including 3 dining (nearest 439 m), 2 education (nearest 423 m), 1 shopping (nearest 449 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 623 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 13% | Top 16% | Top 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This well-situated one-storey home at 623 Borebank Street in Winnipeg's Central River Heights presents a compelling opportunity, particularly for its land value and location. Built in 1953, the house itself offers 1,040 sqft of living space with a renovated basement. The property includes a detached garage and sits on a 6,000 sqft lot, which is notably larger than many in the immediate area and neighbourhood. Its appeal lies in a solid, above-average lot size in a desirable community, paired with a home that offers functional, updated living space. The most recent sale was in December 2021 for $50,500, and its assessed value remains strong compared to local peers.
This property would suit a pragmatic buyer who values land potential and location over sheer interior size. It's ideal for a first-time homeowner looking to enter the River Heights area, an investor considering the value of the lot for future redevelopment, or someone seeking a manageable home with a generous yard in a central, established neighbourhood.
Frequently Asked Questions
1. Is the house in good condition?
While specific interior conditions aren't detailed here, the listing notes the basement has been renovated. As a 1953 build, prospective buyers should budget for a thorough inspection to assess the condition of major systems like roof, plumbing, and wiring, which are typical considerations for homes of this era.
2. Why is the sale price from 2021 so much lower than typical home prices?
The recorded sale price of $50,500 reflects a specific transaction from late 2021. This could represent a sale between family members, a lot-value transaction, or a unique circumstance. The current assessed value and market value would be determined by recent comparable sales and are likely significantly higher.
3. How does the lot size compare to others?
The 6,000 sqft lot is a key feature. It ranks in the top 17% on its own street and the top 22% within Central River Heights, meaning it's substantially larger than many neighbouring properties. This offers more outdoor space and potential.
4. What are the implications of a "renovated basement"?
This indicates the lower level has been modernized, likely adding functional living space. Buyers should verify the quality of the renovation, whether proper permits were obtained, and if the space is legally considered finished square footage.
5. Who might this property not suit?
It may not be the best fit for buyers seeking a large, modern interior without renovation work, as the living area is below the neighbourhood average. Those needing attached garage parking or a move-in-ready home without any projects may also want to consider other options.
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