Property Overview
650 Cordova Street is a well-established two-storey home in Central River Heights, built in 1953. Its key appeal lies in its above-average size and premium positioning within a sought-after neighbourhood. The home sits on a 5,236 sqft lot and features 1,725 sqft of living space, a renovated basement, and a detached garage.
The data reveals a property that outperforms most peers. Its living area is larger than roughly 80% of Winnipeg homes, and its assessed value places it in the top 5% citywide and the top 3% within Central River Heights. This strong valuation was reflected in its most recent sale price of $680,000 in 2022, which ranked in the top 2% for the neighbourhood. While the home itself is older, it is notably newer than most on its street and in the immediate area.
This home would suit buyers looking for a character home in a prime location who value space and established communities. It’s ideal for those who appreciate a property with a track record of strong value retention and who may see potential in a home from the 1950s, possibly with original charm intact. The renovated basement adds functional living space, making it practical for families or those needing a home office or recreation room.
Frequently Asked Questions
How does the property’s value compare to nearby homes?
The home’s assessed value is in the elite tier for Central River Heights (top 3%), indicating it is valued significantly higher than most comparable properties in the neighbourhood. Its 2022 sale price was also in the top 2% for the area, confirming its premium market position.
Is the lot size typical for the area?
At 5,236 sqft, the lot is slightly above the average for both Cordova Street and the broader Central River Heights area. It offers a generous outdoor space that is becoming increasingly rare in mature neighbourhoods.
The home was built in 1953. What should I consider?
While 73 years old, the home is actually newer than most on its street (top 9%) and in Central River Heights (top 27%). Buyers should budget for maintenance consistent with a home of this age but can take confidence from its relatively younger age within its historic context. The renovated basement is a positive update.
What does the detached garage mean for parking?
A detached garage provides secure parking and additional storage but may be less convenient during Winnipeg winters compared to an attached garage. It also preserves more potential yard space and maintains the classic streetscape of the area.
How stable has the property’s value been?
The home has shown considerable appreciation. It sold for $550,000 in 2019 and then for $680,000 in 2022, a increase that significantly outpaced average market trends during that period, demonstrating strong demand for well-positioned homes in this location.