465 Cordova Street

Property Overview: 465 Cordova Street, Central River Heights

Key Characteristics & Appeal

This well-situated two-storey home in Central River Heights presents a compelling blend of space, location, and established character. Built in 1953, it stands out as newer than most on its street and in the wider neighbourhood, which can suggest updated infrastructure. With 1,947 sqft of living space, the home is notably larger than typical comparables in the area, offering ample room for families. The property sits on a standard 5,199 sqft lot and includes an attached garage and a renovated basement, adding practical living and storage space.

The primary appeal lies in its above-average metrics within a highly desirable, central neighbourhood. It’s a home that offers more interior space than many of its peers without requiring a buyer to take on a massive, high-maintenance lot. The renovated basement adds immediate value and functional flexibility. This property would best suit buyers looking for a move-in ready, character home in a prime location—particularly growing families or professionals who value being close to amenities, schools, and parks, and who appreciate a home that already stands above the neighbourhood average in terms of size and relative modernity.

Frequently Asked Questions

1. How does the assessed value relate to the likely sale price?
The home is assessed at $530,000, which is above average for the city and neighbourhood. It’s important to note that the last recorded sale was in December 2022 for $582,000. The current assessed value and recent sale history are strong indicators, but the final market price will be determined by current conditions, buyer demand, and the home's specific features.

2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified by a viewing and inspection, a renovated basement in a 1953 home often means finished living space, possibly with a recreation room, office, or additional bedroom. It’s a significant advantage, adding functional square footage, but buyers should inquire about the quality, permits, and moisture control measures.

3. The home is newer than many on the street. What are the potential benefits?
A 1953 build date is above average for Central River Heights. This can sometimes mean more modern electrical wiring, plumbing, and insulation compared to homes built in the 1920s-1940s, potentially leading to lower immediate upgrade costs and improved energy efficiency.

4. Is the land size a limitation?
At just over 5,000 sqft, the lot is average for the area. This is a key point for buyers to consider: it provides a good yard without the extensive maintenance of a much larger lot. It suits those who want outdoor space but prefer to spend less time on upkeep.

5. How does this property compare to the nearby reference listings?
The provided comparisons (like 445 Cordova) show this home has a larger living area, a higher assessed value, and was built later. This positions 465 Cordova as a relatively more substantial and modern offering on the same street, which is typically reflected in its value.