361 Borebank Street

Property Overview: 361 Borebank Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,096 sqft home, built in 1939, sits on a 4,680 sqft lot in the established North River Heights neighborhood. Its assessed value of $422k positions it as a competitively priced entry into this desirable area. The appeal lies in its balance: it offers a classic, character-filled home from a sought-after era, without the premium price tag often associated with larger or fully renovated properties in the vicinity. The lot size is typical for the local area, providing adequate outdoor space while maintaining a manageable scale.

This property would suit a first-time buyer or a downsizer seeking the character and stability of a mature neighborhood like North River Heights. It’s a practical choice for someone comfortable with a home of this vintage, who may see potential in updates over time. The data suggests it’s a "middle-of-the-road" option on its street and in its area—not the largest or newest, but also not the most expensive, representing a grounded opportunity in a well-regarded community.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,096 sqft, the living area is moderately below the average for North River Heights homes but is closer to the citywide average. It offers a more compact footprint compared to many in the immediate area, which could mean lower utility costs and less maintenance.

2. Is the assessed value a good indicator of the likely selling price?
The $422k assessment is very close to the street average. Recent sold price data for the area (last sale was between $400k-$450k in mid-2023) suggests the assessment is in a realistic ballpark, but market conditions and the home’s specific condition will ultimately determine the sale price.

3. What should I consider with a home built in 1939?
While full of character, a home of this age will likely have original components, such as plumbing, electrical, or windows, that may need evaluation or updating. A thorough inspection is essential to understand the condition of these older systems and to plan for any future investments.

4. How does the lot size affect the property?
The lot is slightly smaller than others on Borebank Street but is very typical for North River Heights. It provides a decent yard space for a city home while possibly requiring less landscaping upkeep than a larger lot.

5. Where can I get verified historical sale data for this property?
The site provides sold price ranges based on public data. For fully verified and exact transaction figures, you must request a manual lookup via email, as this information is not sourced from the MLS database displayed on the site.