Property Overview: 187 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 187 Cordova Street is a classic North River Heights property built in 1926, offering a blend of established neighbourhood character and practical metrics. With 1,434 sqft of living space on a 5,155 sqft lot, its size is consistently around the average for its immediate street and the wider North River Heights area. This suggests a home that is comfortably sized for a family or couple without being overly expansive.
The appeal lies in its solid positioning within a desirable, mature neighbourhood. The assessed value of $480,000 is notably above the Winnipeg city-wide average for comparable homes, indicating a perception of value tied to the location. However, it sits around the average for North River Heights itself, meaning you are paying a premium for the area rather than for an outlier property. A thoughtful perspective is that this represents a "typical" home for this sought-after neighbourhood—offering stability and community rather than standout luxury or fixer-upper potential. The lot size is generous for the area, providing good outdoor space.
This property would best suit buyers looking for a established, character home in a prime central neighbourhood, who value location over new construction. It’s a fit for those who appreciate a home with history (it’s 100 years old) and want a standard, manageable size without the premium or challenges of a significantly larger or newer property.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in November 2024 for between $500,000 and $550,000. This sale price range placed it in the top 12-23% of comparable sales city-wide, meaning it sold for a premium above the assessed value of $480,000, which is common in competitive neighbourhoods.
2. Is the home older than others in the area?
Yes. Built in 1926, it is older than most homes on its street and in North River Heights. This suggests strong original construction and classic character, but buyers should be mindful of the potential for age-related maintenance or systems updates.
3. How does the lot size compare?
At 5,155 sqft, the lot is slightly above average for Cordova Street and North River Heights, but around average for the city. This means you get a very good-sized yard for the neighbourhood, which is a key feature in mature, central areas.
4. Where can I get the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the exact figure by emailing the site; they will provide a manual lookup without using your email for marketing.
5. What does the "above average" city-wide assessed value mean?
While the home’s value is typical for North River Heights, it is ranked in the top 23% city-wide. This highlights the value disparity between established central neighbourhoods and the broader Winnipeg market, underscoring the location's premium.