Property Overview: 265 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 265 Cordova Street is a classic North River Heights property built in 1930, offering a balanced proposition in a well-established neighbourhood. With 1,324 sqft of living space and a 5,170 sqft lot, its size is comfortably average for the immediate street and area, suggesting it fits the typical scale of this community. The assessed value of $432k sits below the local area average but above the city-wide average, potentially indicating a value position within a desirable neighbourhood.
The appeal lies in its established setting and proportional lot. It suits buyers looking for a character home in a mature area without the footprint of a larger estate. It’s a practical choice for those who want space but prefer manageable upkeep. A thoughtful perspective is that its "average" metrics within North River Heights are actually a strength—it represents the core housing stock of the neighbourhood, which often translates to stable value and broad appeal. The lot size is notably above average for the street, offering more outdoor space than many direct neighbours.
This property would likely suit a first-time buyer or small family seeking entry into a sought-after neighbourhood, or a downsizer wanting a single-family home without an excessively large property. Its profile suggests a home for someone who values location and community character over brand-new construction or oversized square footage.
Frequently Asked Questions
1. How does the assessed value compare to the recent sold price?
The home sold in July 2023 for between $450,000 and $500,000. The current assessed value is $432,000. It’s important to request the exact sold price and consult a local agent to understand current market valuation.
2. What should I consider with a home built in 1930?
While offering classic charm, a home of this age will likely have had various updates. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to identify any recent renovations.
3. The living area is noted as "around average." Is that sufficient space?
At 1,324 sqft, it is typical for the area. It provides functional space for a household of 2-4 people. Buyers should consider if the layout meets their needs, as older homes sometimes have different room configurations than modern builds.
4. The lot is larger than average for the street. What are the advantages?
The 5,170 sqft lot is above the street average, providing more private outdoor space, greater potential for gardening, landscaping, or additions, and possibly more distance from neighbouring homes.
5. How does this property rank compared to others in Winnipeg?
The data shows its assessed value ranks in the top 32% city-wide, meaning it’s valued higher than most Winnipeg homes. However, within the North River Heights area, it ranks closer to the middle, offering a chance to live in a premium neighbourhood at a relatively accessible price point.