64 Cordova Street – Property Summary
Key Characteristics & Buyer Profile
This 1,726 sqft home on Cordova Street, built in 1927, sits on a 5,238 sqft lot. Its assessed value is $548,000.
The property performs well on two fronts: living area and assessed value. At the street level, it ranks in the top 28% for size and top 21% for value, outperforming the average on Cordova by roughly 200 sqft and $55,000. Citywide, the figures are even stronger—top 20% for living area and top 13% for assessed value. The land is also generous by street standards, ranking in the top 16%.
But these stats tell a nuanced story. Within the broader Wellington Crescent neighbourhood, the property is merely average in both size and value. That’s because the neighbourhood skews significantly larger, with an average living area of 2,343 sqft and an average assessed value over $800,000. So while this home is above-average for its immediate street and the city overall, it sits in a high-end area where it is comparatively modest. The year built (1927) is older than the street and city averages, meaning maintenance history and updates will matter more here than for a newer build.
Who it suits: Buyers who want a reasonably sized, well-valued home in a prestigious neighbourhood without paying the premium for a mansion. It's a good match for someone who values location and solid citywide value over raw square footage, and who is comfortable with an older home that likely needs some ongoing attention. Not ideal for those seeking a turnkey modern house or maximum space per dollar.
Frequently Asked Questions
1. Is this a good investment compared to other homes in the area?
The assessed value is strong at the street and city levels, but the neighbourhood average is much higher. That suggests the property is undervalued relative to Wellington Crescent standards, which could offer upside if you improve it or if the area continues to appreciate. However, the older construction means you’ll need to factor in maintenance costs that a newer home wouldn’t require.
2. What does “Top 13% citywide for assessed value” actually mean in practical terms?
It means this home is worth more than 87% of comparable properties across Winnipeg. But comparability is key—the city average assessed value is $390k, so the $548k assessment reflects a home that is above the median but far from the top tier. It’s a strong citywide position, not a luxury one.
3. The land area is above average on the street but average for the neighbourhood. Does that matter?
It means you have a larger lot than most immediate neighbours, which is a plus for outdoor space, potential additions, or privacy. But in Wellington Crescent, large lots are the norm, so your 5,238 sqft won’t stand out. The practical benefit is more about your own use than resale bragging rights.
4. How much should I worry about the 1927 build year?
It's not a dealbreaker, but it’s worth investigating. Homes from that era often have solid framing but outdated electrical, plumbing, insulation, and windows. Look for updates to those systems, and budget for potential upgrades. The fact that it’s older than the street and city averages means diligent inspection is more important than usual.
5. Is the “average for the neighbourhood” assessment a red flag?
No, but it reframes expectations. You’re buying into a high-value area without paying for its largest or most expensive homes. That can be a smart move—you get the location, schools, and character without the top-tier price tag. Just be realistic that your home may not appreciate as fast as the priciest ones on the block.