67.2
Good
Property score
67.2
Good
Overall 67.2
Smaller than most nearby homes
1,137 sqft (bottom 24%)
Built in 1941 (4 yrs newer than avg)
Located in a high-income area
with median household income of ~103k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 4 dining spots, 1 school, 1 shop, and 4 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% 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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67.2 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
433 Borebank Street — 12 amenities found within 500 m, across 6 categories, including 4 dining (nearest 350 m), 1 education (nearest 494 m), 1 shopping (nearest 405 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: 433 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a well-established, mid-century home built in 1941, situated on a standard 4,800 sqft lot in the desirable North River Heights neighborhood. With 1,137 sqft of living space and a current assessed value of $433,000, it presents as a solid, average offering within its immediate context. Its appeal lies in its positional balance: it’s a home that doesn’t stand out for extreme size or value but fits comfortably within the norms of its sought-after street and area. This suggests a property that is unlikely to be over-improved for the block, offering a manageable scale for upkeep.
The data reveals thoughtful nuances. While the home’s size is below the North River Heights average, its assessed value ranks higher than the Winnipeg citywide average, underscoring the premium commanded by the location. The lot size is consistent with the neighborhood, offering typical outdoor space for the area. This property would suit a buyer looking for an entry point into a mature, stable community without the footprint or price of a larger estate home. It’s a practical choice for small families, downsizers, or investors seeking a character home in a prime location, where the value is anchored more in the neighborhood than in the property’s specific specifications.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value of $433k is very close to the average on Borebank Street ($426k) and in North River Heights ($479k). It ranks in the top 36% on its own street, indicating it is viewed as a relatively solid value within that specific, desirable row of properties.
2. Is the living space smaller than typical for the area?
Yes. At 1,137 sqft, it is notably below the North River Heights average of 1,540 sqft, ranking in the bottom quartile for the neighborhood. However, it is much closer to the average for Borebank Street itself (1,211 sqft) and the Winnipeg-wide average (1,342 sqft), indicating the home’s scale is consistent with many city properties but on the modest side for this particular community.
3. What can the 2017 sale price tell us?
The home sold between $350k-$400k in mid-2017. Comparing this to the current $433k assessment shows the market’s upward trajectory over seven years. The exact sale price (available upon request) would provide a precise benchmark for calculating appreciation.
4. How does the lot size compare?
At 4,800 sqft, the lot is slightly smaller than the Borebank Street average but very close to the North River Heights average. It offers a standard-sized yard for the community, which is still larger than many newer city lots.
5. The home was built in 1941. What should I consider?
Built 85 years ago, it is older than the average Winnipeg home. This suggests potential for classic architectural charm but also necessitates a thorough inspection for the condition of major aging components like the roof, plumbing, electrical, and foundation, which may require maintenance or updating.
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