Property score
57.2
Fair
Overall 57.2 · 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 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
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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57.2 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
496 Borebank Street — 11 amenities found within 500 m, across 5 categories, including 4 dining (nearest 285 m), 1 education (nearest 283 m), 1 shopping (nearest 304 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 39% | Bottom 47% | Top 30% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 16% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 496 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a classic North River Heights bungalow, built in 1946, offering a practical entry point into one of Winnipeg's established, tree-lined neighborhoods. With 884 sqft of living space, it is notably compact compared to most area homes, placing it in the smaller 15% of houses locally. The lot size of 4,319 sqft is also below the neighborhood average. However, its assessed value of $409k is very much in line with area norms, suggesting the price reflects the desirable location more than the size of the home itself.
The primary appeal lies in securing a foothold in a prime, central neighborhood without the premium typically attached to larger properties on the street. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property in a top area. A thoughtful perspective is that this home represents a "land value play" in a mature neighborhood; the structure is modest, but the value is sustained by its setting. It’s for a buyer who prioritizes community and location over square footage, and who may see potential in thoughtful updates to a manageable space.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbors?
Yes. The living area is smaller than approximately 86% of homes on Borebank Street and 92% of homes in North River Heights, making it a more compact option in the area.
2. How does its value compare to similar homes?
Its assessed value is around the middle of the pack locally. It ranks almost exactly average on its own street and is slightly above average compared to the entire city, indicating you are paying for the location within a sought-after neighborhood.
3. What is the history of recent sales for this property?
According to available data, the home sold previously in August 2022 for between $300k-$350k and again in September 2023 for between $400k-$450k. For exact sale prices, a manual lookup via the site is required.
4. Is the lot size a disadvantage?
While below the average for North River Heights, the lot is still a good size at over 4,300 sqft. It offers ample outdoor space for a garden or patio while requiring less upkeep than larger lots nearby.
5. How does the age of the home compare?
Built in 1946, it is newer than about 80% of homes in North River Heights, which is a neighborhood with many heritage properties. This suggests it may have fewer inherent age-related concerns than many area comparables.
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