398 Cordova Street

Property Overview: 398 Cordova Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 398 Cordova Street presents a solid, mid-century property in the established North River Heights neighbourhood. Built in 1950, its 1,354 sqft living area and $426k assessed value are both consistently "around average" when compared directly to its immediate street and wider neighbourhood. This indicates a home that is typical for the area, not an outlier in size or official valuation.

The appeal lies in its position within a desirable, mature community. A thoughtful perspective is that its slightly smaller lot (4,190 sqft) compared to area averages could mean less maintenance without sacrificing yard space, potentially suiting those who prefer a more manageable outdoor area. Interestingly, while the home is newer than many in North River Heights (ranking in the top 8% for year built locally), it is older than the typical Winnipeg home, suggesting classic construction in a well-regarded area.

This property would best suit buyers looking for a straightforward, character home in a prime neighbourhood without extreme size or price premiums. It’s a practical choice for someone seeking community and stability over a brand-new build or a fixer-upper, possibly appealing to downsizers, young families entering the area, or investors attracted to the consistent metrics of the River Heights market.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $426k is for municipal tax purposes. While it provides a benchmark, the selling price is determined by the current market. Recent sold data suggests homes here transact within a competitive range, but a professional market evaluation is essential for pricing strategy.

2. Is the living space sufficient for a family?
At 1,354 sqft, the living area is very typical for the neighbourhood. It is comparable to the city-wide average and likely represents a functional layout for a small to medium-sized family, consistent with many classic Winnipeg homes.

3. What does the lot size ranking mean for me?
The lot is smaller than many in North River Heights. For some, this is a drawback for expansion or gardening. For others, it translates to less time spent on yard work and potentially a more cozier streetscape, which can be a welcome trade-off.

4. The home was last sold in 2019. What can that history tell me?
The previous sale (listed in the range of CA$350k–400k) provides context for market appreciation. It underscores the importance of obtaining the exact sale history to understand the property’s financial trajectory, which can be requested directly via the site’s provided service.

5. How does the age of the home (1950) affect its condition and value?
Being newer than many homes in North River Heights is a relative advantage, potentially indicating updates over time. However, as with any 70+ year-old home, the condition of major systems (roof, plumbing, electrical) and any renovations will be far more important than the build year alone. A thorough inspection is crucial.