53.4
Fair
Property score
53.4
Fair
Overall 53.4
Smaller and older than most nearby homes
816 sqft (bottom 4%)
Built in 1926 (11 yrs older than avg)
Located in a high-income area
with median household income of ~101k
Transit 68.0
3-min walk to transit with 1 nearby route
Within 500m: 1 school, 2 parks, 1 fuel station, 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
Below average
47% smaller than neighborhood avg.
Year Built
Below average
11 yrs older 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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53.4 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
232 Borebank Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 308 m), 2 parks (nearest 456 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 14% | Bottom 12% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 232 Borebank Street, Winnipeg
Key Characteristics & Appeal
This home at 232 Borebank Street in North River Heights is a classic, compact bungalow built in 1926. With 816 square feet of living space on a 3,963 sqft lot, it is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. This defines its core appeal: it is an accessible entry point into a desirable, established area. The assessed value of $326,000 is below the local averages but aligns more closely with the wider city average, suggesting you are paying a premium for the location rather than the size of the home.
Its primary appeal lies in the opportunity to own a character home in North River Heights—a neighbourhood known for its mature trees, quiet streets, and convenience—without the typical price tag of a larger property. It would suit first-time buyers, downsizers, or investors looking for a foothold in a stable area. A thoughtful perspective is that its smaller scale could mean lower utility costs and less maintenance, offering a simpler, more efficient lifestyle. The lot, while below the area average, still provides decent outdoor space for a home of this size. Recent sale history indicates steady value appreciation, pointing to the enduring demand for well-located properties.
Frequently Asked Questions
1. Is this a "teardown" or renovation project?
Given its age and smaller size compared to neighbouring homes, some buyers may consider redevelopment. However, its consistent sale history and maintained assessed value suggest it is a functional, livable home. Its future is likely a matter of buyer intention, whether that's living in its current state, renovating, or eventually redeveloping the lot.
2. How does the assessed value compare to likely selling price?
The assessed value ($326k) is an administrative figure for tax purposes. Notably, it sits below area averages but near the city average. Recent sold prices on the street (2020: $300k-$350k; 2017: $250k-$300k) show upward momentum, so a current selling price may reflect market conditions more than the assessment.
3. What are the real costs of owning a 100-year-old home?
While offering charm, a century-old home requires careful attention. Buyers should budget for potential updates to foundational systems like wiring, plumbing, and insulation, which may not be reflected in the square footage or assessment value.
4. The home is "below average" in size for the area. Is that a problem?
This is the defining trade-off. It allows access to a sought-after neighbourhood at a lower price point. Resale will always attract buyers looking for that same opportunity, but it may not appreciate at the same rate as larger homes on the street.
5. Can I get the exact past sale prices?
The provided data shows estimated price ranges. Due to industry regulations, exact sold prices are not published online here. You can request the exact figures via email from the site provider, who will manually look them up and send them to you.
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