295 Borebank Street

North River Heights, Winnipeg

Property score

71.0

Good

Overall 71.0 · Compared with neighbourhood average

1,348 sqft (bottom 41%) · Built in 1929 (8 yrs older than avg)

Located in a high-income area with median household income of ~133k

Transit 82.0 · 5-min walk to transit with 5 nearby routes · Within 500m: 1 school, 3 parks, and 1 place of worship nearby

Living Area

Near average

12% smaller than neighborhood avg.

Year Built

Near average

8 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 1%

Past 10 years North River Heights sales snapshot (~80% of all data)

Sold Count

770

Median price

480k

$/sqft

$319/sqft

Avg build year

1937

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Property score

71.0 is composed by the two sections below.

Property Score

56.4Fair
Living Area1,348 sqft71Good
Year Built192920Low
Lot Size4,201 sqft53Fair
Neighbourhood Sales Activity37Low

Community Score

92.9Excellent
Household Income92Excellent
Education Level100Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111049

Community deep dive

$133K

Median household income

$134K

Average household income

5%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.1

P90 / P10 ratio

20%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)597
Labour force participation rate68%
Median age43.2
Avg household size2.4
Unemployment rate4%
Population density2985 / km²

Households & income

Low income (LIM-AT, % pop.)5%
Single-person households20%
Couple families with children30%
Median household income (2020)$133K

Housing

Renter households6%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority5%
Bachelor's or higher (25–64)60%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 0%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,348 sqft
0255075100
Same streetTop 28%Same areaBottom 41%CitywideTop 39%
Same street · Borebank Street
#112 / 404
Top 28% · Avg 1,211 sqft
Same area · North River Heights
#1,280 / 2,168
Bottom 41% · Avg 1,540 sqft
Citywide · Winnipeg
#75,134 / 194,458
Top 39% · Avg 1,342 sqft

Tax-Assessed Value

around average
365k
0255075100
Same streetBottom 24%Same areaBottom 13%CitywideTop 49%
Same street · Borebank Street
#309 / 404
Bottom 24% · Avg 426.2k
Same area · North River Heights
#1,876 / 2,168
Bottom 13% · Avg 479.3k
Citywide · Winnipeg
#94,553 / 194,458
Top 49% · Avg 390.1k

Year Built

around average
1929
0255075100
Same streetBottom 16%Same areaBottom 43%CitywideBottom 17%

Lot Size

below average
4,201 sqft
0255075100
Same streetBottom 16%Same areaBottom 9%CitywideBottom 29%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

295 Borebank Street — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 359 m), 3 parks (nearest 416 m).

Search radius
🏫Education1
🌳Parks3
Worship1

Crime & Safety

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%

Sales History

Sold 11/2020CA$350k–400k
Sold price

Same street

Bottom 42%

Same area

Bottom 35%

City-wide

Top 40%
Sold 7/2019CA$350k–400k
Sold price

Same street

Bottom 43%

Same area

Bottom 35%

City-wide

Top 39%
Sold 7/2016CA$300k–350k
Sold price

Same street

Bottom 12%

Same area

Bottom 11%

City-wide

Bottom 41%

Related homes

Highlights & common questions: 295 Borebank Street, Winnipeg

Property Overview

This 1929 home at 295 Borebank Street in North River Heights presents a distinct profile. At 1,348 sqft, it offers more living space than many homes on its street, ranking in the top 28%. Its assessed value of $365k sits below the averages for both the immediate street and the broader North River Heights neighbourhood, suggesting a potentially accessible entry point into this established area. The lot size of 4,201 sqft is more compact than most comparables. Recent sale history indicates steady value in the $350k-$400k range over the past several years.

Key Characteristics & Appeal

The primary appeal of this property lies in its value proposition within a desirable neighbourhood. It offers above-average interior space for Borebank Street at an assessed value that is notably below area averages. This combination could attract first-time buyers or downsizers seeking the character and location of North River Heights without the premium price tag of larger lots or fully renovated homes. Its 1929 vintage means it likely has classic charm but also requires a buyer comfortable with the maintenance and potential update needs of a near-century-old home. The compact lot is a trade-off, offering lower yard maintenance but less private outdoor space than many neighbours.

Frequently Asked Questions

1. Is the lower assessed value a red flag?
Not necessarily. It primarily reflects the home’s value for taxation purposes relative to nearby properties. It can indicate a more affordable entry point into the area, but buyers should always complete their own due diligence to understand the home's condition and market value.

2. What does the sale history tell us?
The home has sold three times since 2016, each time within the $300k-$400k range. This pattern suggests a stable, predictable value in the market without extreme fluctuations, which can be appealing for long-term planning.

3. How does the lot size impact living here?
At 4,201 sqft, the lot is smaller than most on the street and in the area. This typically means less yard work and lower exterior maintenance costs, but also less space for gardens, play areas, or expansive outdoor entertaining.

4. Who might this home not suit?
Buyers seeking a large, private yard or a move-in-ready newer build may find it less ideal. It’s better suited for those who value location and interior space over lot size and who are prepared for the realities of an older home.

5. How can I verify the exact past sale prices?
The provided data shows price ranges. For precise figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations.

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