155 Borebank Street

155 Borebank Street – Property Summary

Section 1: Key Characteristics & Buyer Profile

This is a 1,619 sqft home built in 1947 on a 5,401 sqft lot, located in Winnipeg’s Wellington Crescent neighbourhood. Its assessed value is $436,000.

Where the appeal lies: The property sits on a street where it ranks in the top 12% for living area—meaning it’s noticeably larger than nearby homes on Borebank Street. It also ranks in the top 24% citywide for living area and the top 31% citywide for assessed value. The land area is essentially average for both the street and city, but the house itself provides above-average interior space relative to its immediate surroundings.

What’s less obvious: While the home is above average on its street and citywide, it drops sharply when compared to the broader Wellington Crescent area. At this neighbourhood level, the property ranks in the bottom 20% for assessed value and bottom 26% for living area. So a buyer isn’t getting a standout property within the prestige bracket of the neighbourhood—but they are getting more space than the typical house on Borebank Street, at a price that’s in line with street averages. The 1947 build is actually older than the citywide median but newer than the neighbourhood median, placing it somewhere in the middle architecturally.

Who it suits: Buyers who want to live in the Wellington Crescent area but are priced out of its higher-end homes. It also suits those who value a larger-than-average interior on a solid, standard-sized lot, without paying a premium for land. It’s less suited for someone seeking a newer home, a large yard, or a property that ranks high within the neighbourhood itself.

Section 2: Five Possible FAQs

1. How does this home compare to others on Borebank Street?
It’s a strong performer on the street. It ranks in the top 12% for living area, top 34% for assessed value, and very close to average for year built and land area. So you’re getting more house than most of your immediate neighbours.

2. Why does the property rank so differently at the neighbourhood level vs. citywide?
Wellington Crescent is a higher-value area with many larger, older homes. Citywide, this home’s size and value are above average. Within the neighbourhood, however, it falls below the typical benchmark because the area includes many properties with larger living spaces, bigger lots, and higher assessed values.

3. Is the assessed value of $436,000 reasonable for this area?
It’s around average for Borebank Street (where the average is $426k) but well below the neighbourhood average of $805k. So it’s not overvalued for the street, but it’s modest compared to the broader Wellington Crescent market.

4. How old is the home, and is that a concern?
Built in 1947, which is standard for the street (average year also 1947) and older than the citywide median of 1966. In Wellington Crescent, it’s newer than the neighbourhood average of 1940. A 1940s home often means solid construction, but buyers should expect systems (plumbing, electrical, windows, roof) to have been updated or need eventual attention.

5. What is the land like compared to other properties?
The 5,401 sqft lot is essentially average for Borebank Street and for the city. Within Wellington Crescent, lots tend to be larger (average 9,488 sqft), so the land here is modest relative to the neighbourhood. It’s a functional city lot, not oversized.