Property Overview: 380 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a modest, post-war home built in 1949, situated on a standard-sized lot in the established North River Heights neighborhood. Its key characteristic is its compact size, with 918 sqft of living space, which is notably smaller than most homes on its street and in the area. The assessed value of $384k is below the local average for North River Heights, positioning it as a more accessible entry point into this desirable neighborhood.
The primary appeal lies in its value proposition for a specific buyer. It suits first-time homebuyers, downsizers, or investors seeking a lower-priced foothold in a prime area without the maintenance demands of a larger property. A thoughtful perspective is that its smaller scale and lot (4,190 sqft) could be seen as an advantage for those seeking a simpler, more manageable property with lower utility and upkeep costs. While the home itself is modest, it benefits from the mature setting, community amenities, and prestige of North River Heights. Its vintage suggests classic construction but also implies that updates and systems replacements may be a consideration for the new owner.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $384k is for municipal tax purposes. Notably, it is below the local area average but very close to the city-wide average for comparable homes. Market conditions, property condition, and recent updates will ultimately determine the sale price.
2. How does the smaller living area impact daily life and resale?
At 918 sqft, the home offers efficient, cozy living suitable for 1-2 people. It requires thoughtful space planning. For resale, it appeals to a specific segment (as noted above), which can mean a narrower buyer pool but less competition from larger, more expensive homes in the area.
3. What does the 1949 build year mean for maintenance?
A home of this age likely has classic, solid construction. However, key systems like plumbing, electrical, roof, and windows may have been updated over time or could require attention. A thorough inspection is essential to understand the condition and any upcoming capital costs.
4. The last recorded sale was in 2019. Why is the exact price not shown?
To access exact historical sold prices, you must request them via email from the site provider. The public data shows the sale occurred within the $300k-$350k range, offering a general benchmark for past value.
5. How does this property compare to its immediate neighbors?
The "neighbourhood analysis" map feature allows you to visually compare this home's year built, size, value, and lot dimensions with nearby houses. This can provide context on whether it is typical for the specific block or an outlier.