Property Overview & Key Characteristics
This home at 235 Cordova Street in North River Heights presents a solid, above-average offering in several key areas. Its primary appeal lies in its strong value proposition within a desirable, established neighbourhood. The 1,646 sqft living space is notably larger than the Winnipeg city-wide average, providing ample room for a family. The standout figure is the $564k assessed value, which ranks within the top 20% of homes on its street, in its area, and across the entire city, suggesting a well-regarded property relative to its peers.
The lot size of over 5,000 sqft is consistent for the area, offering good outdoor space. Built in 1930, the home is characteristic of North River Heights' classic housing stock. A thoughtful perspective is that while its age is average for this specific neighbourhood, it is older than most city-wide homes, which may appeal to buyers seeking character but also implies a need for diligence regarding updates and maintenance. The home last sold in 2017 for between $500k-$550k, indicating its assessed value has seen appreciable growth since then.
This property would best suit buyers looking for a established neighbourhood with a track record of value retention. It fits families or professionals needing space who appreciate a home that stands above average in its market context, particularly in terms of official valuation and interior square footage.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The home's assessed value of $564k places it in the top 17-18% of similar homes in its immediate area and street, and the top 11% city-wide. This indicates the municipal assessment views it as a higher-value property compared to a broad range of peers, which can be a positive signal for its market position and potential equity.
2. Is the living space a good size for the area?
Yes. At 1,646 sqft, the living area is above the city-wide average and ranks in the top 36% in North River Heights. It offers more interior space than many comparable homes in Winnipeg, making it a competitively sized home for the neighbourhood.
3. The home was built in 1930. What should I consider?
While its age is typical for North River Heights, it's older than over 80% of homes across Winnipeg. This underscores the importance of a thorough inspection to understand the condition of major systems (roof, plumbing, electrical, foundation) and any updates that have been made over the years.
4. How does the last sold price compare to the current assessment?
The home sold for between $500,000 and $550,000 in July 2017. The current assessed value of $564k is higher, reflecting market changes and possibly improvements made in the intervening years. It's a useful data point for understanding price trends for this specific property.
5. Where can I get verified historical sale data for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures directly from the website via email, and they will provide a manual lookup.