Property Overview: 468 Cordova Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Central River Heights is defined by its solid, established character and desirable location. Built in 1952, it is notably newer than many homes on its street, offering potential advantages in foundational upkeep. The 1,371 sqft living space is practical and in line with city-wide averages, while the 4,610 sqft lot provides generous outdoor space for the neighbourhood, though it is slightly below the area norm.

The home’s primary appeal lies in its recent, significant value appreciation and move-in readiness. A renovated basement adds functional living space, and the detached garage offers flexibility. The 2023 sale price of $540k stands well above both the immediate street and city-wide averages, indicating strong market confidence in this specific property and its upgrades. It suits buyers looking for a character home in a prime central neighbourhood without a major renovation project, particularly those who value a larger private yard and the potential stability of a newer-built home in an older area.

A less obvious perspective is the lot size: while below the neighbourhood average, it remains a substantial parcel for Central River Heights. This could represent a "best of both worlds" scenario—ample private outdoor space while possibly requiring less maintenance than the largest lots on the street.

Section 2: Frequently Asked Questions

1. How does the lot size compare practically?
At 4,610 sqft, the lot is generous for inner-city living and provides ample room for gardening, play, or entertaining. It is, however, slightly smaller than the typical lot in Central River Heights, which may mean neighbouring homes are on larger properties.

2. What does the "above average" assessed value indicate?
The assessed value is higher than most comparable homes on the street, in the neighbourhood, and city-wide. This typically reflects factors like the renovated basement, the home's condition, and its specific attributes as viewed by the assessor, not just market trends.

3. The home sold recently in 2023. What does that rapid resale potential suggest?
The property was sold again just six years after its 2017 purchase, with a $100k increase in sale price. This suggests the owners made appreciated improvements or that the property is in a high-demand micro-location, but it’s wise to review what, if any, major renovations were completed during that period.

4. Is the 1952 build date an advantage?
Yes, relatively. On Cordova Street, this home is newer than about 80% of comparable properties. This can sometimes correlate with updated building materials, electrical, or plumbing systems compared to much older homes, though specific inspections are always recommended.

5. How does the living space fit family needs?
With 1,371 sqft of living area, the home is very close to the city-wide average. It offers a practical layout for a small to medium-sized family, especially when combined with the additional renovated basement space, which effectively increases the usable square footage.