Property score
55.2
Fair
Overall 55.2 · Smaller but newer than most nearby homes
872 sqft (bottom 7%) · Built in 1949 (12 yrs newer than avg)
Located in a high-income area with median household income of ~101k
Transit 76.0 · 1-min walk to transit with 1 nearby route · Within 500m: 2 dining spots, 1 school, 3 parks, and 1 fuel station nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer than neighborhood avg.
Mother tongue
English · 85%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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55.2 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north 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: #46110378
$101K
Median household income
$122K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.6
P90 / P10 ratio
32%
Single-person households
22%
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
174 Borebank Street — 8 amenities found within 500 m, across 5 categories, including 2 dining (nearest 467 m), 1 education (nearest 406 m), 3 parks (nearest 450 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 31% | Bottom 27% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1949 one-storey home at 174 Borebank Street sits on a generous 4,183 sqft lot in the established North River Heights neighbourhood. Its primary appeal lies in its solid location and the value represented by its lot size. With 872 sqft of living space, an unrenovated basement, and no garage, it presents as a classic post-war bungalow with clear potential.
The home’s standout feature is its land. The lot size ranks in the top 15% on its street and the top 8% in the entire neighbourhood, offering rare space for gardens, expansion, or future development in this sought-after area. While the living area is modest, it ranks well above average for the street, suggesting a relatively efficient use of space for its era. The property last sold in October 2023 for $350,000, which is notably higher than its $32,100 assessed value, indicating strong market demand for homes in this location.
This property would suit a practical buyer looking for entry into a prime neighbourhood, willing to live with the existing condition or undertake renovations over time. It’s also a candidate for land-value investors or those with plans for a significant future addition, given the premium lot size in a consistent and desirable community.
Frequently Asked Questions
1. Why is there such a large gap between the recent sale price and the assessed value?
Assessed value in Manitoba is primarily for municipal tax purposes and often lags behind current market values, especially in high-demand neighbourhoods. The sale price reflects what a buyer recently paid based on market conditions, location, and lot value.
2. What does the "unrenovated basement" typically imply?
This usually means the basement retains its original state, likely with concrete floors, basic finishes, and older mechanical systems. It presents both a blank canvas for finishing and a potential budget item for any necessary updates to plumbing, electrical, or moisture management.
3. The home has no garage. Is street parking a concern in this area?
North River Heights features primarily residential streets with a mix of driveways and street parking. While the immediate area shows many properties without garages, you should verify specific parking bylaws and observe daily parking availability to gauge convenience.
4. How does the age of the home (1949) affect maintenance?
Homes of this vintage have character but require attention to aging components. A prospective buyer should prioritize inspections for the original roof, windows, plumbing, electrical wiring, and insulation, as updating these can be significant expenses.
5. The lot is large, but are there restrictions on what I can build?
Any significant expansion or new structure would require checking with the City of Winnipeg’s zoning bylaws. This includes rules on floor area ratios, building setbacks, height restrictions, and possibly heritage or neighbourhood character guidelines that could influence a major renovation or rebuild.
