Property Overview: 301 Borebank Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 301 Borebank Street in North River Heights presents a compelling mix of established character and solid value. Built in 1930, it is a mature property on a standard city lot. Its key appeal lies in its above-average living space (1,430 sq ft) and assessed value ($473k) compared to other homes on its street and across Winnipeg, suggesting a well-sized home with strong relative valuation in its immediate context.
The data indicates a thoughtful perspective: this isn't the newest or largest lot on the block, but it offers more interior space than many neighbours. This creates an efficient use of the property, potentially offering more home for the dollar within a sought-after neighbourhood. It would suit buyers who appreciate the established charm and tree-lined streets of North River Heights and are looking for a home with a proven, stable footprint rather than a new build or a massive yard. It's a practical choice for someone seeking character without the extreme upkeep of a century home, positioned as a strong, middle-range option in the area.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to nearby recent sales?
The home last sold between $400k-$450k in April 2019. Its current assessed value of $473k is above average for its street and the city, indicating perceived growth and solid standing. For exact historical sale prices, a manual lookup can be requested.
2. Is the lot size a disadvantage?
At 4,561 sq ft, the lot is slightly smaller than the average on Borebank Street but is very typical for North River Heights overall. It represents a lower-maintenance yard while still providing outdoor space, which can be a benefit for many buyers.
3. What does the "above average" living area mean practically?
With 1,430 sq ft, this home offers more interior space than approximately 80% of the homes on its street. This means you're likely getting more room—perhaps an extra bedroom, larger living areas, or more functional layout—than many direct neighbours.
4. Should I be concerned about the age of the home (built 1930)?
The age is typical for the neighbourhood, which is full of character homes from this era. While it implies a need for a thorough inspection for updates to wiring, plumbing, or insulation, it also comes with the established charm, mature landscaping, and sturdy construction common in the area.
5. How does the assessed value relate to the likely selling price?
The assessed value ($473k) is for municipal tax purposes and is a strong indicator of the city's valuation. It sits between the local area average and the higher city-wide average, suggesting a well-regarded property. Market conditions, specific updates, and buyer demand will ultimately determine the final sale price.