Property Overview: 226 Cordova Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 226 Cordova Street is a standout property in North River Heights, primarily due to its generous size and established neighbourhood setting. Built in 1931, it offers 2,465 sqft of living space, which ranks it in the top 4% of homes on its street and the top 3% city-wide for size. The lot is a substantial 5,237 sqft, providing ample outdoor space that is above average for both the street and the broader area. With an assessed value of $575,000, it sits comfortably above average benchmarks at the neighbourhood and city level, reflecting its premium attributes.
The appeal lies in securing a character home with significantly more interior space than most comparable properties, all within a mature and sought-after community. It suits buyers looking for a established home with room to grow, who value the charm and tree-lined streets of North River Heights. A thoughtful perspective is that while the home is older, its above-average lot size offers valuable potential for expansion or landscaping that newer, denser subdivisions often can't match. It’s ideal for a family or someone seeking a long-term home where the value is anchored by both the structure's size and the enduring desirability of the location.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1931, the home is around the average age for North River Heights. While it may require updates or maintenance consistent with its era, this is typical for the character of the neighbourhood. The assessed value already factors in the age, with the premium driven by its large living area and lot size.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $575,000 is a strong benchmark for municipal taxation. Notably, a nearby sale on the same street in mid-2023 fell within the $600,000-$650,000 range, suggesting the market may value it at or above its assessed value.
3. What does the "top percentile" ranking for living area actually mean?
Ranking in the top 4% on its street and top 3% city-wide for living area means this home is significantly larger than most. For direct comparison, the average comparable home on Cordova Street is about 1,517 sqft, making this property over 900 sqft more spacious.
4. How does the lot size compare to a typical Winnipeg property?
At 5,237 sqft, the lot is above average for North River Heights. However, it is close to the city-wide average lot size. This indicates you get a generous yard for the neighbourhood, which is known for its established plots, but not an exceptionally large parcel by broader suburban standards.
5. How can I verify the exact historical sale price mentioned?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact figure by emailing them directly for a manual lookup, which they provide without using your email for marketing.