75.8
Good
Property score
75.8
Good
Overall 75.8
Newer than most nearby homes
1,472 sqft (top 48%)
Built in 1947 (10 yrs newer than avg)
Located in a high-income area
with median household income of ~103k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 4 dining spots, 1 school, 1 shop, and 5 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Above average
10 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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75.8 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
499 Borebank Street — 12 amenities found within 500 m, across 5 categories, including 4 dining (nearest 228 m), 1 education (nearest 330 m), 1 shopping (nearest 246 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 26% | Top 41% | Top 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 499 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1947-built home in North River Heights presents a compelling mix of space, location, and value. Its most standout feature is the generous 7,198 sqft lot, which ranks in the top 3% on its street and the top 8% in the neighbourhood. This offers significant outdoor space and potential not commonly found in the area. The 1,472 sqft living area is above average for Borebank Street, providing ample room, though it is closer to the city-wide average.
The home’s assessed value of $391k sits below the neighbourhood average, suggesting a potentially accessible entry point into the desirable River Heights area. This combination—a large lot in a established neighbourhood at a value-conscious price—creates its primary appeal. It would suit practical buyers who prioritize land size and location over a modern or recently built home, including those interested in gardening, outdoor living, or future expansion. It’s also a candidate for buyers comfortable with the maintenance and character of a classic Winnipeg home, seeing the lot size as a long-term asset that offsets the home’s older age.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key advantage. At over 7,000 sqft, it is substantially larger than most on the street (top 3%) and in North River Heights (top 8%), offering rare space for its location.
2. Is the assessed value high for the area?
No. The assessed value is actually below the average for North River Heights. This indicates the property may offer relative value within the neighbourhood, though the final sale price is market-determined.
3. What does the "above average" year built ranking for the neighbourhood mean?
It means that, within North River Heights, this 1947 home is newer than many others (top 17%). The neighbourhood has many older homes, so this property is relatively closer to the middle of its local age range.
4. How reliable is the sold price data shown?
The displayed sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. The living area seems average compared to the city. Is the house small?
At 1,472 sqft, it is not small. It is above average for its specific street. The city-wide average includes many newer suburban homes with different layouts, so the space is competitive for its mature neighbourhood context.
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