River Heights Home for Sale
SOLD with Multiple Offers!
River Heights, Winnipeg
747 Borebank Street – Investment & Redevelopment Opportunity in River Heights Winnipeg
Opportunity in River Heights Doesn’t Come Around Like This Often
If you’ve been searching for an investment property in Winnipeg or a project with real upside, this is the kind of opportunity that tends to get snapped up quickly.
Located in the heart of River Heights Winnipeg, 747 Borebank Street sits on a 50’ x 120’ lot with two lots on title—a rare combination that opens the door to multiple possibilities.
This 950 sq ft bungalow offers 3 bedrooms and 1 bathroom and is being sold as is, making it ideal for:
Investors looking for a value-add project
Builders exploring redevelopment potential
Buyers wanting to build equity through renovation
(Buyer to do their own due diligence regarding subdivision or redevelopment.)
Why This Property Stands Out
In our experience, the strongest investment opportunities share one thing: location first, everything else second.
River Heights continues to be one of Winnipeg’s most resilient and desirable neighbourhoods. That means whether you renovate or rebuild, you’re doing it in an area where demand already exists.
With two lots noted on title, this property presents flexibility that’s increasingly difficult to find—especially in established communities like this.
A Location That Supports Long-Term Value
Set mid-block on a quiet, tree-lined street, this property is just steps from:
- River Heights Community Centre
- Parks and green spaces
- Schools for all age levels
- Shopping, transit, and major routes
It’s the kind of neighbourhood where people don’t just buy—they stay. And when they do move, it’s often because someone else saw the same long-term potential you’re seeing now.
What Kind of Buyer Is This Perfect For?
This isn’t for someone looking for turnkey. This is for the buyer who walks through and thinks:
- “I know exactly what I could do with this.”
- The investor who understands forced appreciation
- The builder looking for their next infill project
- The buyer willing to take on a full renovation for long-term gain
Key Takeaways
- 50’ x 120’ lot in River Heights Winnipeg
- Two lots on title (buyer to do due diligence)
- 950 sq ft bungalow with 3 bedrooms
- Sold as is — substantial renovation required
- Strong redevelopment or investment potential
FAQ: Investment & Redevelopment in River Heights Winnipeg
Can I subdivide the lot?
There are two lots on title, but buyers should conduct their own due diligence with the City of Winnipeg regarding redevelopment or subdivision possibilities to be safe. There are never any guarantees when it comes to subdivision.
Is this a good neighbourhood for investment?
Yes—River Heights consistently performs well due to its central location, amenities, and long-term desirability.
Is the home livable as-is?
The property requires substantial renovation and is being sold as is.
Who This Property Is Perfect For
This property is ideal for investors, builders, and buyers who understand the value of location-driven real estate opportunities.
Whether you’re exploring redevelopment potential, planning a substantial renovation, or looking for a long-term hold in one of Winnipeg’s strongest neighborhoods, this property offers the kind of upside that’s becoming increasingly difficult to find in River Heights.
This is not a turnkey home — it’s a strategic opportunity for buyers who can recognize future value, forced appreciation potential, and the long-term strength of established central Winnipeg neighborhoods.
Living in River Heights South
River Heights South remains one of Winnipeg’s most established and consistently desirable neighborhoods thanks to its mature trees, central location, and strong long-term property values. We love and work in this area so much that we created a page for it that includes a video - all about Living in River Heights! Buyers are drawn to the area for its walkability, excellent schools, community centres, parks, and convenient access to shopping, restaurants, and major routes throughout the city.
The neighborhood is especially attractive to builders, investors, and long-term homeowners because redevelopment opportunities here are becoming increasingly rare. River Heights continues to experience strong demand due to its balance of character, location, and lifestyle appeal — making it one of Winnipeg’s most resilient real estate markets.
It’s the kind of neighborhood where buyers don’t just purchase property — they invest in long-term lifestyle and stability.
About The Queen Team — River Heights & Investment Property Specialists
The Queen Team specializes in helping buyers and sellers navigate Winnipeg’s established neighborhoods, including highly sought-after communities like River Heights, Tuxedo, and central Winnipeg.
From luxury homes and family properties to redevelopment and investment opportunities, The Queen Team helps clients identify properties with strong long-term value and strategic upside. Their experience marketing both move-in-ready homes and value-add opportunities allows them to help buyers evaluate not just the home itself — but the broader investment potential surrounding it.
With deep local market knowledge, strategic marketing expertise, and a strong understanding of neighborhood trends, The Queen Team helps buyers and investors make informed real estate decisions in Winnipeg’s most desirable communities.
Property Details
$379,900
3 Bedroom
1 Bathroom
946 sqft
Top Features
Incredible potential for investors, builders, & those looking for a big renovation project
Great layout
50 × 120 mid-block lot
Title reflects 2 lots (buyer to do due diligence)
Full basement offering additional space and flexibility
Walking distance to parks, schools, shopping & transit
Just steps from the River Heights Community Centre
Blank canvas opportunity
Missed this one? Don’t worry — we have more River Heights Listings coming soon.
Fill out the form below and we’ll make sure you’re one of the first to know when new opportunities become available.
LET'S CONNECT
Interested in this property?
If you would like more information or would like to request a showing, feel free to reach out anytime!