288 Cordova Street

Property Overview: 288 Cordova Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 288 Cordova Street presents a compelling opportunity in Winnipeg's North River Heights neighborhood. Its primary appeal lies in its significant above-average scale and premium assessed value within a well-established, desirable area.

The nearly 1,921 sqft of living space is notably larger than most comparable homes, ranking in the top 15% on its street and top 20% in the neighborhood. This is complemented by a generous 5,237 sqft lot, providing ample outdoor space. The home’s assessed value of $693k stands out even more, placing it in the top 7% locally and an elite top 4% city-wide, indicating its perceived worth and likely premium features or condition relative to the market.

Built in 1940, the property is of a typical vintage for the area. This suggests a classic character home that may have undergone updates, but buyers should be prepared for the maintenance considerations of an older structure. A thoughtful perspective is that this established footprint on a sizable lot, in a mature neighborhood, offers a rarity that new developments often cannot match—mature landscaping, settled streetscapes, and a proven location.

This property would best suit buyers looking for a spacious, established home in one of Winnipeg’s core neighborhoods. It appeals to those who value space over newness and are possibly seeking a home with character and room to grow. It is ideal for a family or someone who appreciates a premium lot size and living area, and who is comfortable with a home that may blend historic charm with modern updates.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $693k is for municipal tax purposes and is a strong indicator of the property's high standing in the market. However, the final selling price is determined by current market conditions. The last known sale was between $600k-$650k in 2019, so the assessed value suggests significant appreciation.

2. What should I consider with a home built in 1940?
While the age is typical for North River Heights, it’s important to investigate the condition and updates of key systems like plumbing, electrical, roofing, and insulation. A thorough home inspection is essential to understand any needed maintenance or potential renovations.

3. The lot is large for the street, but average city-wide. What does this mean?
The 5,237 sqft lot is above average for both the street and neighborhood, which is a significant advantage in this mature, central area. The "average" city-wide ranking includes newer suburbs with different lot styles. Here, it represents a premium, private outdoor space.

4. The home is clearly above average in size and value. Does that mean it's been renovated?
Not necessarily. The superior metrics could be due to original architecture (like a larger floor plan), significant renovations, or a combination of both. Reviewing the property's update history and a current viewing will clarify this.

5. How can I verify the exact past sale prices?
The site provides sold price ranges for context. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.