Property score
62.1
Fair
Overall 62.1 · Smaller but newer than most nearby homes
936 sqft (bottom 12%) · Built in 1946 (9 yrs newer than avg)
Located in a high-income area with median household income of ~103k
Transit 82.0 · 2-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
39% 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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62.1 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
486 Borebank Street — 11 amenities found within 500 m, across 5 categories, including 4 dining (nearest 295 m), 1 education (nearest 302 m), 1 shopping (nearest 314 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 3% | Bottom 3% | Bottom 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 486 Borebank Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1946 home in North River Heights presents a practical opportunity in a well-regarded neighbourhood. Its key characteristic is value: with an assessed value of $371,000, it sits below the average for both its street and the broader North River Heights area, while being close to the city-wide average. This suggests a potentially more accessible entry point into this mature, established community.
The home’s living space of 936 sq ft is compact, placing it below average for size in all comparison categories. This indicates a home suited for efficient living rather than spaciousness. Conversely, the lot size of approximately 5,400 sq ft is a standout feature, ranking above average for the neighbourhood. This offers valuable outdoor space—a relative rarity—that provides room for gardening, play, or future expansion.
The appeal lies in this balance of a desirable location, a generous lot, and a value-oriented price for the area. It suits first-time buyers seeking a foothold in a prime neighbourhood, downsizers looking to maintain a garden without a large house to maintain, or value-conscious investors or renovators who see potential in the land and are comfortable with a home of a smaller, classic footprint. A thoughtful perspective is that while the house itself is modest compared to neighbours, the land ownership in such an area offers long-term stability and the option to tailor the property to one's needs over time.
Section 2: Frequently Asked Questions
1. Is this a good value for North River Heights?
Based on the assessed value data, this property is priced below the neighbourhood average, which can represent a value opportunity for gaining entry into the area. However, the living space is also smaller than typical, so value should be considered in terms of price per square foot and the utility of the larger lot.
2. What does the sold price history from 2019 indicate?
The property last sold between $250,000-$300,000 in late 2019. This historical data provides a benchmark, but market conditions have likely changed since then. The current assessed value of $371k reflects a more recent municipal valuation.
3. How does the lot size compare to nearby properties?
The lot is a significant feature, as it is larger than about 75% of lots in North River Heights. This above-average outdoor space is a key asset, especially in a mature neighbourhood where larger lots are less common.
4. What should I consider about the home’s age and size?
Built in 1946, the home is typical for the area but will likely have the maintenance considerations of an 80-year-old property. The living area is compact, so layout efficiency and potential for updates or an addition (subject to permits) are important factors to evaluate based on your space needs.
5. How can I get more precise historical sale data?
The provided sold price is an estimated range from public records. For fully verified and exact transaction history, you would need to contact the site directly for a manual lookup, as this information is not sourced from the MLS system.
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