Central River Heights, Winnipeg
Property score
66.7
Good
Overall 66.7 · Smaller than most nearby homes
1,072 sqft (bottom 25%) · Built in 1951 (2 yrs older than avg)
Located in a high-income area with median household income of ~111k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 1 school, 1 shop, and 2 parks nearby
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 84%Chinese · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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66.7 is composed by the two sections below.
Property Score
Community Score
Central River Heights
How to read: Share of sales in each ~$50k price band for “central river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111050
$111K
Median household income
$120K
Average household income
5%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
24%
Single-person households
27%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
473 Cordova Street — 8 amenities found within 500 m, across 5 categories, including 3 dining (nearest 424 m), 1 education (nearest 115 m), 1 shopping (nearest 443 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Top 49% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 473 Cordova Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home in the sought-after Central River Heights neighbourhood. Its primary appeal lies in its generous, above-average lot size—ranking in the top 7% for land area on its street—offering significant outdoor space and potential in a mature area. The home itself is modest in size at just over 1,000 sqft, with a renovated basement adding functional living space. A detached garage provides additional storage or workshop potential.
The property suits practical buyers who value location and land over a large existing footprint. It’s ideal for a first-time buyer seeking entry into a prime neighbourhood, a downsizer looking for manageable indoor space with a private yard, or an investor/renovator who sees value in the lot and the solid foundation of a 1950s build. The home’s assessed and recent sale value are notably below average for the immediate street, which could represent a value opportunity in a high-demand area, suggesting the appeal is in the property's underlying assets rather than a turnkey, modern interior.
Section 2: Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes, the living area is below average for both the street and Central River Heights. This is reflected in its price and assessment, making it an affordable option in the area where you're primarily paying for location and land.
2. What does "renovated basement" mean?
The listing confirms the basement is renovated but does not specify to what extent. A professional inspection is recommended to determine the finish quality, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
3. How does the lot size compare?
The 5,617 sqft lot is a key feature. It's significantly larger than most on Cordova Street (top 7%) and above average for the neighbourhood, offering more privacy, garden space, or future expansion potential than typical properties in this price range.
4. Why is the assessed value lower than nearby homes?
The lower assessment is consistent with the home's smaller size and older year of build (1951) compared to peers. It primarily reflects the current structure's value, not necessarily the full market value of the land in this location.
5. What is the typical buyer for this home?
Given its profile, it likely attracts first-time homeowners wanting to enter River Heights, practical downsizers from larger homes in the area, or buyers with renovation plans who are comfortable with a project to modernize the interior over time.
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