Property score
57.8
Fair
Overall 57.8 · Smaller but newer than most nearby homes
884 sqft (bottom 8%) · Built in 1946 (9 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 1 school, 1 shop, and 4 parks nearby
Living Area
Below average
43% smaller than neighborhood avg.
Year Built
Above average
9 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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57.8 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
470 Borebank Street — 11 amenities found within 500 m, across 5 categories, including 4 dining (nearest 309 m), 1 education (nearest 339 m), 1 shopping (nearest 340 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 11% | Bottom 10% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 Borebank Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-established home in North River Heights, built in 1946. With 884 square feet of living space, it is notably smaller than most homes in the immediate area and across Winnipeg, positioning it as a more compact and manageable property. Its assessed value of $350,000 is below the neighbourhood average but aligns closely with the city-wide typical home value, suggesting it offers a more accessible entry point into a desirable area.
The appeal lies in its location and lot size. The property sits on a nearly 4,800 sqft lot, which is quite standard for North River Heights and provides good outdoor space relative to the home's footprint. This creates potential for gardening, expansion, or simply enjoying a generous yard—a valuable asset in a mature neighbourhood. The home’s age places it among the newer properties in this specific area, which is filled with character homes from the 1930s and 40s.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a foothold in a prime neighbourhood without a premium price tag. It’s for someone who values location and land over square footage, and who may see potential in a smaller, classic home that they can update or customize over time. It is less suited for those requiring substantial move-in-ready space or the highest-end finishes.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($350k) is for municipal tax purposes. Notably, it is below the neighbourhood average but near the city-wide average. Recent sold data suggests homes on this street have transacted in the $300k-$350k range, but for exact, verified historical sale prices, a manual lookup is required.
2. How does the smaller living area impact daily living?
At 884 sqft, the home is significantly cozier than the area average. This necessitates efficient use of space and would suit a household comfortable with a simpler, less-sprawling layout. It may also mean lower utility costs and less maintenance.
3. What does the lot size offer for a home of this scale?
The 4,799 sqft lot is a key feature. It provides a balanced ratio where the outdoor space is more generous than the indoor space, offering room for decks, gardens, play areas, or future additions like a garage or sunroom.
4. The home is 80 years old. What should I consider?
While it’s actually newer than many homes in North River Heights, its age still means prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and seek a thorough inspection to understand the home’s condition.
5. How can I verify the exact past sale prices for this home?
The provided sold price data is an estimated range from public records. To obtain fully verified, exact sale figures, you must request a manual lookup via email, as this site does not display official MLS transaction history.
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