71.2
Good
Property score
71.2
Good
Overall 71.2
Compared with neighbourhood average
1,173 sqft (bottom 39%)
Built in 1951 (2 yrs older than avg)
Located in a high-income area
with median household income of ~134k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 1 school, 2 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Below average
2 yrs older than neighborhood avg.
Mother tongue
English · 85%French · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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71.2 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: #46111046
$134K
Median household income
$170K
Average household income
3%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
19%
Single-person households
36%
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
480 Cordova Street — 6 amenities found within 500 m, across 4 categories, including 2 dining (nearest 487 m), 1 education (nearest 98 m), 2 parks (nearest 198 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%
Local garbage, recycling, and yard waste pickup schedule for 480 Cordova Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 22% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 480 Cordova Street in Winnipeg's Central River Heights neighbourhood presents a specific and compelling opportunity. Its primary appeal lies in its generous 6,391 sqft lot, which places it in the top 3% for land size on its street and the top 12% within the desirable Central River Heights area. This significant lot size offers substantial potential for expansion, gardening, or outdoor living, a rarity in mature neighbourhoods. The home itself, built in 1951, is more modest with 1,173 sqft of living space and features a renovated basement and a detached garage. It last sold in March 2020 for $340,000.
The property is best suited for buyers who prioritize land value and future potential over immediate move-in size. It would appeal to an investor or renovator looking to capitalize on a prime lot, a buyer planning a significant addition or rebuild, or someone who values extensive outdoor space for a garden or private yard in a central, established community. Its below-average assessed value suggests room for value growth through updates or expansion.
Frequently Asked Questions
What does the "top 3% for land area" ranking actually mean?
It means this property's lot size is larger than 97% of the 268 comparable properties on Cordova Street. In practical terms, you're getting a significantly larger yard than most of your immediate neighbours, which is a major differentiator.
Is the house in need of major updates?
While specific interior conditions aren't detailed, the data provides clues. The living area is below the street average, and the year built (1951) suggests original systems may be nearing the end of their lifespan. The appeal here is the solid foundation of a renovated basement on a premium lot, with the understanding that the main floor may require modernization.
How does the 2020 sale price relate to today's value?
The $340,000 sale price from March 2020 is a historical data point. Given the changes in the market since then, it should not be used as a direct indicator of current value. It does, however, establish a previous benchmark and suggests the property was seen as a land-value play even three years ago.
What are the pros and cons of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without affecting the main house. The downside, especially in Winnipeg winters, is the inconvenience of not having attached, direct access to your vehicle.
The assessed value seems low. Is that a good thing?
A lower assessed value ($39,500) relative to the last sale price typically results in lower municipal property taxes, which is a financial positive for the owner. It does not necessarily reflect the current market value, which is driven by buyer demand for a large lot in a prime neighbourhood.
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