Property Overview
This two-storey home at 501 Cordova Street in Central River Heights is a well-situated character property with a renovated basement. Built in 1952, it sits on a modestly sized lot for the immediate area but benefits from being newer than many neighbouring homes. The living space is practical and in line with city-wide averages. Its appeal lies in its established, desirable neighbourhood, the value-add of a finished basement, and the potential of a detached garage. It last sold in March 2022 for $500,000, a price that was above average for Winnipeg but competitive for the street and neighbourhood at that time.
This home would suit a buyer looking for a move-in-ready property in a prime central neighbourhood without the footprint or maintenance of a larger estate. It’s ideal for small families, couples, or professionals who value location over expansive lot size and want the character of an older home with some updated elements.
Key Details & FAQs
- Key Characteristics: A 1952 two-storey home with 1,262 sqft of living space, a renovated basement, and a detached garage. The lot is 4,165 sqft.
- Neighbourhood: Central River Heights, a sought-after, established community with mature trees and convenient amenities.
- Recent Sale: Sold for $500,000 in March 2022.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area is below average for Cordova Street and Central River Heights, but is a fairly typical size when compared to the entire city. This means less yard maintenance but also less private outdoor space than some direct neighbours.
2. Is the home older or newer than others nearby?
Built in 1952, it is notably newer than the average home on its street, which can be an advantage regarding the age of certain building materials and systems.
3. What does the sale history indicate?
The 2022 sale price of $500,000 was considered above average for Winnipeg and competitive for the local area. The previous sale in 2017 was at $360,000, showing significant appreciation in that period.
4. Who might this property not suit?
Buyers seeking a very large yard, extensive square footage, or a brand-new build may find the lot and living area compact. It’s best for those who prioritize neighbourhood and location.
5. What is a less obvious consideration?
The home’s assessed value is consistently around the average for its immediate area, suggesting it is not an outlier in terms of municipal valuation, which can sometimes signal unusual characteristics. The presence of a detached garage is a valuable asset in a mature neighbourhood where many homes only have carports or street parking.