Property Overview: 452 Cordova Street, Central River Heights
Key Characteristics & Appeal
This 1951 two-storey home in Central River Heights sits on a 4,610 sqft lot, offering a balance of established neighbourhood charm and practical updates. Its key feature is a renovated basement, adding valuable finished living space to the 1,408 sqft main footprint. The property includes a detached garage.
The appeal lies in its position within a sought-after, mature neighbourhood, coupled with a move-in-ready foundation due to the basement renovation. The lot size is notably spacious for Central River Heights, providing room for gardens, play, or expansion, yet remains manageable compared to larger city averages. From an investment perspective, the home's assessed value ranks above average citywide, suggesting solid underlying value for the area.
This property would suit first-time buyers or downsizers seeking a character home in a prime location without a major renovation project. It’s also a practical fit for those who value outdoor space and the flexibility a detached garage provides for storage, hobbies, or vehicle protection.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 4,610 sqft, which is below the average for Cordova Street itself but is actually quite spacious for the Central River Heights neighbourhood, ranking in the top 6% locally. It offers more yard space than many area properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. We recommend inquiring about the finish quality, permits, ceiling height, and whether it includes a bathroom or legal egress to understand its full utility and value.
3. Is the assessed value a reliable indicator of the sale price?
The last sale was in August 2021 for $46,600, close to the current assessed value of $45,100. However, assessed value for tax purposes doesn't always equal market value. Recent sales of comparable homes on the street and in the area are more critical for determining current market price.
4. What are the implications of the home's age (built 1951)?
The age is typical for this established neighbourhood. It suggests classic construction but warrants a thorough inspection for updates to major systems like wiring, plumbing, and the roof, which may be due for replacement or modernization.
5. How does this home fit within the local market context?
The data shows it's a home of averages and above-averages: average in living area for the city, but with an above-average citywide assessment and a notably large lot for the specific neighbourhood. This indicates you are paying a premium for location and land, with the house itself being functionally sized.