This 1,536 sqft home on Borebank Street was built in 2009, making it one of the newest properties on a street where most houses date from the late 1940s. It’s a compact footprint—sitting on a 3,000 sqft lot, which is noticeably smaller than the neighbourhood average—but the interior living space is generous relative to most homes across Winnipeg. The assessed value sits at $644,000, ranking it in the top 6% citywide, which reflects both its newer construction and the desirable Wellington Crescent area.
The appeal here is about balance. You get a modern build in an established, mature neighbourhood, without the upkeep of a larger lot or an older home. The property stands out on its street for size and value, but within the wider Wellington Crescent area, it’s more modest—both in land and overall assessment. This makes it a strong option for buyers who want the cachet of the area but are priced out of the larger, older homes that dominate it. It would suit someone who values a turnkey property, prioritizes interior square footage over yard space, and wants a home that’s newer without being in a new subdivision.
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Why is the assessed value so high relative to the street but close to average for the neighbourhood?
The house is one of the newest on Borebank Street, which pushes its value well above the street’s older, lower-assessed homes. In the broader Wellington Crescent area, many properties are much larger (averaging 2,343 sqft) and sit on bigger lots, so the overall neighbourhood average is higher. This home is a newer, smaller entry point into that pricier area.
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The lot is only 3,000 sqft. Is that typical for this street?
No. Most homes on Borebank sit on lots averaging over 5,200 sqft, so this is significantly smaller. That’s a trade-off you’re making for a newer home on a street where most houses are much older. If outdoor space is a priority, this property may feel tight.
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How does the 2009 build compare to the surrounding homes?
The neighbourhood is mostly pre-war construction, with an average build year of 1940. This house is roughly 70 years newer than most of its neighbours, which means modern insulation, wiring, and mechanical systems. It’s a rare find in terms of age for the area.
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Does the smaller lot affect the home’s resale potential?
It could, depending on the buyer. In a neighbourhood where large lots are the norm, a smaller lot may limit appreciation compared to properties with more land. However, the newer construction and efficient layout may appeal to buyers who don’t want the maintenance of a big yard, which keeps demand steady.
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Is this considered a good investment for the area?
The assessed value ranks in the top 6% citywide, suggesting strong underlying value. But it’s worth noting that within Wellington Crescent, it sits near the middle of the pack. You’re paying a premium for the newer build in a prime location, not for land size. It’s a solid buy for someone who plans to live in it; for pure investment, land often drives long-term gains more than the house itself.