78.8
Good
Property score
78.8
Good
Overall 78.8
Larger and newer than most nearby homes
1,638 sqft (top 19%)
Built in 1954 (1 yr newer than avg)
Located in a high-income area
with median household income of ~124k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 3 schools, 1 park, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
22% larger than neighborhood avg.
Year Built
Above average
1 yrs newer than neighborhood avg.
Mother tongue
English · 85%Chinese · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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78.8 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: #46111051
$124K
Median household income
$151K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
27%
Single-person households
32%
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
688 Borebank Street — 6 amenities found within 500 m, across 4 categories, including 1 dining (nearest 419 m), 3 education (nearest 330 m), 1 parks (nearest 367 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 688 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 21% | Bottom 16% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 688 Borebank Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-positioned, two-storey home in Central River Heights, built in 1954. Its primary appeal lies in offering above-average space and a recently renovated basement on a standard city lot. With 1,638 sqft of living area, the home provides significantly more interior space than most comparable houses on its street and in the neighbourhood. The detached garage and a land area just above the local average add practical utility.
The property would suit a buyer looking for a character home with room to grow, without the premium lot size or extreme modernity that commands the highest prices. It’s a solid, grounded option for someone who values interior space and move-in readiness from the basement upward over having a brand-new build or the largest yard on the block. The recent sale suggests it may attract value-conscious buyers or investors familiar with the area, seeing potential in its above-average assessed value relative to its recent sale price.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than the recent sale price?
This is not uncommon. The assessed value is for taxation purposes and reflects a municipal valuation, often based on older market data and mass appraisal methods. The sale price is the actual market value agreed upon by a buyer and seller, which can be influenced by immediate condition, specific buyer motivation, and current market trends.
2. How does the living space compare to typical homes?
Very favorably. The home ranks in the top 10-20% for living area among comparable properties on its street and in Central River Heights. You are getting more interior square footage than most homes in its peer group.
3. What does the "renovated basement" likely mean?
While specifics aren't provided, this typically indicates the basement has been finished into livable space (like a rec room or additional bedrooms) with proper flooring, walls, and ceilings. It’s a key feature that adds functional space and modern appeal to a 1950s home.
4. Is the older year built (1954) a concern?
The data shows it's actually newer than most homes on Borebank Street and in Central River Heights. While systems like plumbing or electrical may need attention due to age, it’s a relatively younger home in an established neighbourhood, which can be a positive.
5. Who might this property not suit?
Buyers seeking a brand-new, low-maintenance home or those who prioritize a massive, private yard over interior space may want to look elsewhere. The detached garage also means navigating weather in the winter, which could be a drawback for some.
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