Property Overview: 201 Borebank Street, Winnipeg
Key Characteristics & Buyer Appeal
This home at 201 Borebank Street is a compact, character property built in 1927, situated in the established North River Heights neighbourhood. With 784 square feet of living space on a 3,963 sqft lot, it is notably smaller than most homes on its street, in the area, and across Winnipeg. Its current assessed value of $339,000 is below the local average but aligns more closely with the city-wide benchmark.
The primary appeal lies in its position as a relatively affordable entry point into a desirable, mature neighbourhood. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with the potential to renovate or update over time. A thoughtful perspective is that its smaller scale and below-average lot size translate to lower utility costs, less upkeep, and a more manageable footprint—appealing for those prioritizing location and simplicity over space. Its "around average" city-wide assessment, despite its smaller size, underscores the value of its neighbourhood. The data suggests it last sold between 2016-2021 for an estimated $250k-$300k, indicating a history of being a value-oriented option.
Frequently Asked Questions
1. Is this a small house?
Yes. At 784 sqft, its living area is significantly below the average for North River Heights (1,540 sqft) and even below the Winnipeg average (1,342 sqft). It is among the smaller 5% of homes on Borebank Street itself.
2. Why is the assessed value lower than many neighbours?
The assessed value reflects factors including the home's smaller size, older age, and potentially more modest finishes compared to larger, updated homes in the area. It ranks in the bottom 15% for value on its street but is near the city's median, highlighting the premium typically attached to this neighbourhood.
3. What does the year built (1927) mean for a buyer?
It indicates a character home likely with classic architectural details. Buyers should budget for potential updates to older mechanical systems, windows, or insulation to improve efficiency, which is common for homes of this vintage.
4. How does the lot size compare?
The lot is 3,963 sqft, which is smaller than the typical lot on the street and in the area. This means less yard maintenance but also less private outdoor space than many surrounding properties.
5. Where can I get exact historical sale prices?
The website provides sold price ranges for general reference. To obtain fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email through the site's provided form.