Property Overview: 525 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 1952, it sits on a generously sized lot of over 5,700 sq ft, which is notably larger than most in the immediate area. The home itself offers a spacious 1,858 sq ft of living area, placing it comfortably above average for both the neighbourhood and the city. Key features include an attached garage and a renovated basement, adding modern functionality.
The primary appeal lies in its strong positional metrics within a desirable, mature neighbourhood. The data suggests a property that outperforms many of its peers in terms of lot size, living space, and assessed value for the area. It suits buyers looking for a solid, spacious family home in a central location without the footprint of a brand-new build. It would particularly resonate with those who value a larger outdoor space for gardening or recreation, and who appreciate a home with a proven history and established community roots. The 2017 sale price indicates it may offer relative value compared to its assessed standing.
Frequently Asked Questions
1. How does the lot size compare practically?
At 5,732 sq ft, the lot is significantly larger than the Central River Heights average. This translates to more private yard space, potential for additions like a deck or shed, and greater distance from neighbouring homes than is typical for the area.
2. What does "above average" assessed value mean for taxes and market price?
A higher assessed value relative to peers generally indicates the municipality views the property as more valuable, which can influence property taxes. However, the last sold price in 2017 was below the current neighbourhood average sale price, suggesting potential room for market growth or a value opportunity.
3. The home is older; what should I consider?
Built in 1952, it is newer than many on its street but will still have the characteristics of a mid-century home. The renovated basement is a positive update. A thorough inspection is recommended to understand the condition of major aging components like the roof, plumbing, and electrical systems.
4. Is the living space configured efficiently?
With 1,858 sq ft, the home is spacious. Buyers should view the layout in person to see if the space meets their needs, as older two-storey designs can differ from modern open-concept plans. The renovated basement likely adds valuable flexible space.
5. How stable is the immediate area?
The consistent assessed values of the neighbouring properties on Cordova Street suggest a stable, established streetscape without dramatic fluctuations, which can be a sign of a settled and desirable block.