Property Overview: 121 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 121 Cordova Street is a classic North River Heights character property, built in 1925. With 1,149 sqft of living space on a generous 5,140 sqft lot, it presents a balance of historic charm and practical yard space. Its assessed value of $450k sits around the average for the immediate street and neighborhood, but ranks notably above average city-wide, highlighting the enduring value of the location.
The primary appeal lies in its established setting. The lot size is a significant asset, offering ample outdoor potential in a mature, sought-after community. While the living space is modest compared to some neighbors, this can be an advantage for buyers seeking a manageable footprint without sacrificing property presence. The recent sale in late 2024 within the $400k-$450k range suggests a market-tested value.
This property would best suit a buyer who appreciates older home character and values a larger lot over expansive interior square footage. It’s a practical entry point into a desirable neighborhood for a small household, a couple, or an investor attracted to the stable North River Heights market. It may also appeal to those with a vision for renovations or an addition, given the below-average living area but solid lot size.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,149 sqft, the living area is below the average for both Cordova Street and the wider North River Heights neighborhood. This indicates a more compact interior layout typical of its 1925 construction, but on par with the average Winnipeg home.
2. Is the assessed value in line with the recent sale price?
Yes. The property sold for between $400,000 and $450,000 in November 2024, and has an assessed value of $450,000. This alignment suggests the assessment is current and reflects recent market activity.
3. What does the lot size offer?
The 5,140 sqft lot is a key feature. It is consistent with the averages on its street and in North River Heights, providing substantial outdoor space for gardening, recreation, or potential expansion, which is less common in newer city developments.
4. How old is the home, and what should I consider?
Built in 1925, the home is over 100 years old. While this grants character, it necessitates a thorough inspection. Buyers should proactively budget for potential updates to major aging systems like plumbing, electrical, or the roof, common with homes of this vintage.
5. Where can I get verified sale price details for this property?
The exact sale price is not publicly displayed due to data source rules. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.