Property Overview: 203 Cordova Street, Winnipeg
Key Characteristics & Appeal
This is a modern, high-value home in North River Heights, built in 2021. Its primary appeal lies in its significant size and premium valuation within a well-established neighbourhood. At 2,613 sqft, the living space is exceptionally large, ranking in the top 3-4% compared to homes on its street and in the wider area. With an assessed value of $983,000, it sits firmly in the top 1-3% of properties across all comparison levels, indicating its premium market position.
The home suits buyers looking for a move-in ready, contemporary property without the need for renovations, offering modern efficiencies and design. It’s ideal for those who prioritize generous interior space over a large yard, as the lot size, while still substantial at 4,796 sqft, is more typical for the area. This property represents a turnkey opportunity in a mature neighbourhood, likely appealing to upsizing families or professionals seeking a high-quality, low-maintenance home with instant equity and status. A thoughtful perspective is that it offers a rare combination of new construction amenities within the fabric of a classic Winnipeg community, avoiding the trade-off of moving to a distant new subdivision.
Frequently Asked Questions
1. Why is the assessed value nearly double the average for the street?
The assessed value reflects the home's large size, new construction (2021), and premium finishes. It ranks in the top tier because it is a fundamentally different and more modern property compared to the older average home on the street.
2. How does the lot size impact the property?
At 4,796 sqft, the lot is slightly below the street average but is very typical for North River Heights. This suggests a well-proportioned yard that is manageable while still allowing the home to feature its substantial interior square footage.
3. What do the sold price histories indicate?
The data shows two past sales, including one near the current assessed value. This history can provide context for market trends and the property's perceived value over time, but exact sold prices require a direct request to the site for verified figures.
4. Is this a good option for someone wanting a large garden or extensive outdoor space?
Given that the lot is closer to the area average while the house itself is significantly larger than average, the balance leans toward interior living space. It may be better suited for those who value a standard-sized yard.
5. What does it mean that the home is "Elite" ranked for Year Built?
This simply confirms it is one of the newest homes in the area. On Cordova Street, it ranks 4th newest out of 268 homes, meaning you benefit from modern building codes, materials, and systems, with many years before major components like the roof or furnace require replacement.