Property Overview
704 Borebank Street is a two-storey home built in 1953, situated on a standard-sized lot in Winnipeg's Central River Heights neighborhood. Its primary appeal lies in its above-average living space compared to most homes on its street and in the wider area, offering a practical footprint for daily life. The home features a renovated basement and a detached garage. The data suggests it is a well-established property in a mature community, last sold in 2016.
Key Characteristics & Ideal Buyer
This home’s standout characteristic is its generous living area (1,637 sq ft), which ranks notably above the average for similar homes on Borebank Street and in Central River Heights. This makes it a practical choice for small families, couples needing home office space, or anyone who values room to spread out without the upkeep of an exceptionally large lot. The renovated basement adds functional, modernized space.
Its appeal is grounded in being a solid, proportional home in a desirable central neighborhood. It suits a buyer looking for a move-in-ready character home with updated elements, who prioritizes interior space over a massive yard. It would also resonate with a value-conscious buyer who appreciates that the home’s assessed value consistently ranks above local averages, indicating a history of maintained or improved value relative to its peers.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 5,519 sq ft is around the average for Central River Heights. It provides a typical urban yard for the area—manageable for gardening and recreation without being overly burdensome to maintain.
2. Is the home older than others nearby?
Built in 1953, it is newer than the average home on Borebank Street but is typical for the city overall. This suggests the immediate block has older character, while this property may have somewhat more modern construction fundamentals.
3. What does the "above average" assessed value indicate?
The assessed value ranks above average for the street, neighborhood, and city. This generally reflects that the property, through its living area, renovations, and condition, is valued higher than many comparable properties, which can be a positive indicator of its market position.
4. Are sale prices in the area consistent with the assessed value?
The home last sold in 2016 for $350k, which was considered above average for the neighborhood at that time. This historical sale supports the pattern of it performing well against local benchmarks.
5. What is the context of the "renovated basement"?
While noted as renovated, the specifics and quality of the renovation are not detailed. This is a key feature to investigate further during a viewing to understand the finish quality, permits, and how it adds to the home's livable space.