Property Overview
This well-situated one-storey home in Central River Heights offers a blend of established neighbourhood charm and practical updates. Its key appeal lies in a generous, above-average lot size for the immediate street, providing valuable outdoor space in a mature area. The home itself is of a comfortable size, with a renovated basement adding functional living area. A detached garage and the quiet, tree-lined setting of Cordova Street round out the classic appeal.
The property is particularly well-suited to first-time buyers or downsizers looking for a manageable, single-level layout in a central, sought-after neighbourhood without the premium of a newer build. Its strong assessed value relative to the city suggests a solid investment in a stable area. A thoughtful perspective is that while the home was built in 1954, its age ranks as "newer" compared to many neighbours, indicating it sits in a pocket of slightly more modern construction for the area, which can be appealing.
Key Details & FAQs
Key Characteristics:
- Type & Layout: One-storey home with a renovated basement and a detached garage.
- Lot: A 5,240 sqft lot, which is notably larger than many on the same street.
- Space: 1,347 sqft of living area, offering comfortable room for a smaller household.
- Neighbourhood: Central River Heights, known for its central location, mature greenery, and community feel.
- Context: The home's assessed value is strong compared to both the neighbourhood and Winnipeg overall, and it sits on a larger-than-average lot for its specific street.
Who It's For:
This home will most appeal to those seeking a grounded, long-term property in a prime location. It's ideal for a first-time buyer ready to put down roots in a classic neighbourhood, or for empty-nesters looking to downsize into a single-level home without sacrificing yard space or location. It suits a buyer who values character and space over a brand-new build.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,240 sqft lot is a standout feature, placing it in the top 12% for size on Cordova Street itself. It offers more outdoor space than most direct neighbours.
2. Is the home older, and what does that mean for maintenance?
Built in 1954, the home is actually newer than many on its street and in Central River Heights. While this suggests potentially updated infrastructure compared to much older homes, a standard inspection is always recommended to understand the condition of major systems.
3. How does the assessed value relate to the last sale price?
The current assessed value is $47,500, which is higher than the last recorded sale price of $41,800 in March 2021. This indicates the municipality's estimate of its value has increased, which is typical for a stable neighbourhood over a few years.
4. What is the living space like for a one-storey home?
With 1,347 sqft on the main floor plus a renovated basement, the home provides a practical amount of space. The living area is very close to the city-wide average for homes, making it a comfortable size for many.
5. Are there any obvious drawbacks from the data?
The home does not have a pool, and the detached garage means you'll go outside to access your vehicle. The living area is slightly smaller than the average for similar homes on its specific street, though it is on par with the broader city average.