Property Summary: 200 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 200 Cordova Street presents a solid, established property in the desirable North River Heights neighborhood. Built in 1925, its key characteristic is balance: with 1,518 sqft of living space and an assessed value of $465k, it sits comfortably around the average for its immediate street and area, while ranking above average city-wide. This suggests you get a home of above-city-average size for a value that is typical for this sought-after neighborhood.
Its appeal lies in this positioning. It offers the charm and mature streetscape of a century-old community without being among the smallest or most expensive lots on the block. The lot size (4,189 sqft) is smaller than many neighbors, which could mean less yard maintenance—a plus for some—while still providing decent outdoor space. A thoughtful perspective is that its "around average" metrics for the area indicate a lower risk of overpaying for premium features or underestimating renovation needs common with much older homes; it’s a known quantity in a stable area.
This property would suit practical buyers looking for a move-in ready home in a prime neighborhood without the premium price tag of a fully renovated or largest-lot property. It’s ideal for those who value location and community character over having the newest home on the block or the biggest yard.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $465k is for municipal tax purposes. While it provides a benchmark, the actual market price is determined by current conditions, the home's interior condition, and buyer demand. Its assessed value is above the Winnipeg city average but typical for North River Heights.
2. What should I consider with a home built in 1925?
While offering classic character, a home of this age may have older infrastructure. A thorough inspection is essential to understand the condition of the roof, foundation, plumbing, electrical systems, and insulation. Potential updates should be factored into your budget.
3. The lot is smaller than many in the area. Is that a disadvantage?
It depends on your priorities. The 4,189 sqft lot is below the area average but still offers reasonable outdoor space. This can mean less time and money spent on landscaping and yard upkeep, which can be a practical advantage.
4. The home last sold in late 2019. What does that mean?
The sale history provides context, but the market has likely changed since then. You can request the exact past sold price from the site to understand the previous transaction, but it should not be relied upon as a current market value.
5. How does this home compare to others nearby?
The data shows this home is very typical for North River Heights in terms of size and value. It’s not an outlier, which can be reassuring. You are paying for the established neighborhood rather than an exceptionally large or modern property.