Property Summary: 464 Cordova Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Central River Heights is a practical and well-situated property. Built in 1952, it is notably newer than many other homes on its street, potentially meaning fewer concerns with outdated infrastructure. The home features a renovated basement and a detached garage, with a living space of 1,266 sq ft that is comfortably in line with city-wide averages.
Its primary appeal lies in its location within a sought-after neighbourhood and its efficient scale. The lot size of 4,190 sq ft is smaller than most in Central River Heights, which translates to less yard maintenance—a perk for those seeking a established area without the burden of a large garden. The property’s assessed value sits above the Winnipeg average, suggesting a solid investment in a desirable community.
This home would suit first-time buyers or downsizers looking to enter a prime neighbourhood without the premium for a larger property. It’s a pragmatic choice for someone who values location and community amenities over expansive square footage, and who appreciates the benefits of a recently renovated basement and a home that is relatively modern for its streetscape.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
Not necessarily. While below average for the neighbourhood, it means significantly lower maintenance. For buyers who prefer spending time in local parks rather than on yard work, this is a practical advantage.
2. How does the 1952 build year compare?
On Cordova Street, this home is actually above average, ranking in the top 20% for being newer. This could indicate more modern construction materials and standards compared to its immediate neighbours.
3. What does the above-average city-wide assessed value indicate?
It suggests the property holds strong value relative to the entire Winnipeg market, reinforcing the enduring demand for homes in Central River Heights, even on a more modestly sized lot.
4. Was the last sale price in 2021 typical?
The 2021 sale price of $51,100 was above average for the street, neighbourhood, and city at that time. This indicates the property has a history of commanding a slight premium, likely due to its combination of location, renovated basement, and newer build date.
5. What is the living space like for the area?
At 1,266 sq ft, it is very close to the city-wide average. You’re getting a standard amount of living space in a neighbourhood where some homes are much larger, which is reflected in the more accessible price point for the area.