Property Overview: 395 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and established value. Built in 1940, it is a classic North River Heights property that sits on a generous 6,000 sqft lot, which is notably larger than most in the immediate area and neighbourhood. With 1,528 sqft of living space, it offers above-average roominess for its street and the city overall.
The appeal lies in its solid positioning within a desirable, mature neighbourhood. The assessed value of $477k reflects a home that is above average for its street and city-wide, yet sits around the typical mark for North River Heights itself, suggesting you are buying into the area without a significant premium for this specific property. It suits buyers looking for a character home with ample outdoor space, who appreciate the stability of an established community. It’s a practical choice for those who value a larger lot for gardening, recreation, or future expansion potential over a newer build. The data indicates it’s a property with strong fundamentals in its immediate context, rather than one that stands out for ultra-modern updates.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,528 sqft, the living area is above average for Borebank Street itself and for Winnipeg overall. Within the broader North River Heights area, it is very close to the typical home size.
2. Is the assessed value in line with the neighbourhood?
Yes. The $477k assessment is slightly above the average on its own street and for the city, but aligns closely with the average assessed value for the North River Heights neighbourhood.
3. What is the significance of the lot size?
The 6,000 sqft lot is a key feature. It ranks in the top 17% on Borebank Street and the top 13% in North River Heights, meaning it offers more outdoor space than most comparable properties in this sought-after area.
4. The home was built in 1940. Should I be concerned?
The age is typical for the neighbourhood, which is known for its well-maintained character homes. While modern systems and updates are always a consideration, the year built is consistent with the area’s charm. It ranks as newer than most homes city-wide.
5. Where can I see exact past sale prices for this property?
The provided data shows a sold price range from January 2021. To obtain fully verified, exact historical sale figures, you must request a manual lookup via email through the site, as this information is not displayed publicly due to industry data rules.