Property Overview
156 Cordova Street is a character home in Winnipeg's North River Heights neighbourhood, built in 1925. Its key appeal lies in its above-average scale and value within a well-established area. The home offers 1,684 sqft of living space on a 5,237 sqft lot, providing a comfortable footprint that exceeds local and city-wide averages for interior space. With an assessed value of $557,000, it sits consistently in the top 20% of homes on its street, in the neighbourhood, and across Winnipeg, indicating a strong and premium valuation for its category.
This property suits buyers looking for a home with classic foundations and room to grow, whether that means updating the interior to modern tastes or enjoying the generous lot size. It’s ideal for someone who values a established, tree-lined neighbourhood and is comfortable with the maintenance and potential that comes with a century-old home. A thoughtful perspective is that while the home is older than most on the street, this often translates to larger lot sizes and more mature landscaping, which are harder to find in newer developments. Its consistent high assessed value across all comparison levels suggests a resilient investment in a desirable location.
Frequently Asked Questions
1. How does the age of the home (built in 1925) affect its value and appeal?
While older than most comparable homes, the age is reflected in the assessed value. It often means classic construction and larger lot sizes, but buyers should budget for potential updates to systems like plumbing, wiring, or windows to meet modern standards.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $557,000 is a strong benchmark for municipal taxation and is notably above average for the area. Market conditions, the home's specific condition, and recent upgrades will ultimately determine the final sale price, but it positions the home in a premium tier.
3. What does the lot size mean for potential expansion or outdoor use?
At over 5,200 sqft, the lot is larger than most in North River Heights. This allows for substantial private outdoor space, gardens, and potential for additions like a deck, garage, or even a home extension, subject to local zoning bylaws.
4. How does this home compare to others on Cordova Street?
It ranks above average for assessed value and land area on the street. Its living space is around the street's average, but it is an older home on a street where many homes were built later.
5. Can I find out the exact historical sale prices?
Exact sale prices are not published on this site due to industry regulations. The data shows it last sold in a range between $550,000-$600,000 in early 2023. For a complete, verified transaction history, you can request a manual lookup via email.