71.2
Good
Property score
71.2
Good
Overall 71.2
Compared with neighbourhood average
1,314 sqft (bottom 37%)
Built in 1941 (4 yrs newer than avg)
Located in a high-income area
with median household income of ~103k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 3 dining spots, 1 shop, 4 parks, and 1 bank/ATM nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
15% smaller than neighborhood avg.
Year Built
Near average
4 yrs newer than neighborhood avg.
Mother tongue
English · 85%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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71.2 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: #46111048
$103K
Median household income
$117K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
32%
Single-person households
29%
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
427 Borebank Street — 10 amenities found within 500 m, across 5 categories, including 3 dining (nearest 369 m), 1 shopping (nearest 426 m), 4 parks (nearest 259 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 | Top 19% | Top 33% | Top 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 16% | Top 27% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 427 Borebank Street, Winnipeg
Key Characteristics & Appeal
This home at 427 Borebank Street in North River Heights is a well-situated property with strong foundational metrics. Built in 1941, it offers 1,314 sqft of living space on a 4,800 sqft lot. The data reveals its core appeal: it is a property that outperforms many of its direct peers in key financial areas. Its assessed value of $470k ranks in the top 22% on its own street and top 25% city-wide, indicating it is viewed as an above-average asset relative to many comparable homes. While the living space is modest compared to some larger area homes, it is efficiently sized and ranks in the top 30% on Borebank Street itself.
The appeal lies in its established neighbourhood setting and its position as a value-holding property within its immediate context. It suits practical buyers who prioritize a sound investment in a mature community over brand-new construction. It would be a good fit for first-time buyers looking for a home with a strong assessed value foundation, or for downsizers seeking a manageable space in a central location without overpaying relative to the local market. A thoughtful perspective is that while the home is older than the city average, its value performance suggests the lot location and community desirability are significant compensating factors.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold twice in recent years (2021 and 2023), with both sale prices falling in the $450k-$500k range. The current $470k assessed value aligns closely with these past transactions, suggesting a stable and consistent market valuation.
2. Is the living space smaller than average for the area?
At 1,314 sqft, it is slightly below the North River Heights area average (~1,540 sqft) but is actually above the average for homes directly on Borebank Street (~1,211 sqft). It offers a more compact and efficient layout compared to some larger area homes.
3. What does the "below average" ranking for year built city-wide mean?
This simply indicates that, compared to all homes across Winnipeg, this 1941 build is older than most. However, within its own desirable, established neighbourhood of North River Heights, its age is very typical and around the area average.
4. How reliable is the sold price data shown?
The provided sale prices are based on publicly available data, not the MLS. The site notes the figures are reasonably reliable but for fully verified and exact transaction history, you must request a manual lookup from their team.
5. What are the implications of the lot size?
At 4,800 sqft, the lot is very standard for both the street and the North River Heights area, offering typical yard space for the community. It is, however, smaller than the wider Winnipeg average, which includes newer suburbs with larger plots.
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