Property Overview: 463 Borebank Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home on Borebank Street is defined by its exceptional space, both inside and out. With 2,419 square feet of living area, it ranks in the top 1% of homes on its street and the top 4% city-wide, offering significantly more interior room than typical comparables. This is matched by a generous, private lot of nearly 9,000 square feet, placing it in the top 1% for land size within the desirable North River Heights neighbourhood. Built in 1949, the home is of a classic vintage for the area, suggesting enduring character and construction quality.
The appeal lies in securing a property that is a statistical standout in key metrics. It offers the rare combination of a large, established home on a sprawling lot in a prime location. The assessed value of $710k reflects this premium positioning, ranking in the top 3% on its street. This isn't just a house; it's a property with substantial physical assets.
This home would ideally suit buyers who prioritize space and established neighbourhoods over new construction. It’s a fit for families seeking room to grow, multigenerational living possibilities, or anyone who values extensive outdoor privacy close to city amenities. It also represents a solid, tangible asset for value-conscious buyers who understand the irreplaceable nature of large lots in mature, central communities.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $700,000 and $750,000 in August 2024. This sale price range aligns closely with its $710,000 assessed value, indicating the assessment accurately reflected its market value at that time.
2. Is the home newer or older than others nearby?
Built in 1949, the home is slightly newer than the average house in North River Heights (avg. 1937) and is typical for Borebank Street (avg. 1947). It is, however, older than the average Winnipeg home city-wide.
3. What does the lot size mean in practical terms?
At 8,998 sq. ft., the lot is over 70% larger than the average lot on Borebank Street. This allows for greater distance from neighbours, expansive gardens, potential for additions, or recreational space like a large patio or pool, which are uncommon in the heart of the city.
4. Are the "top X%" rankings reliable?
These rankings are based on verified municipal assessment data for specific metrics (living area, land area, value) compared to all properties on the same street, in the neighbourhood, and across Winnipeg. They provide a clear, data-driven context for how this property measures up against its peers.
5. How can I get the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the precise figure by emailing the site directly; they will provide a manual lookup and send the information to you at no cost.