Property Overview: 485 Cordova Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Central River Heights is a practical, no-frills property centered on value and location. Its key characteristic is its modest scale, featuring 1,262 sqft of living space on a smaller 4,165 sqft lot that is below average for the immediate street but typical for the wider city. Built in 1951, the home’s age is standard for the area. A notable feature is its renovated basement, adding functional living space.

The primary appeal lies in its position within the sought-after Central River Heights neighbourhood, offering access to amenities, schools, and parks without a premium price tag. The home’s assessed value is notably below average for the street and area, presenting a potential value opportunity. It last sold in 2020 for $36,600.

This property would suit a pragmatic first-time buyer or an investor looking for an entry point into a stable neighbourhood. It’s for those who prioritize location over size and see potential in a home that is functionally sound but may not stand out in terms of square footage or lot dimensions. It’s less suited for buyers requiring substantial outdoor space or a large, modern floor plan.

Section 2: Frequently Asked Questions

1. Is the lot size a significant drawback?
While the land is below average for Cordova Street, it is relatively typical for Winnipeg overall. It may mean smaller outdoor space than some neighbours but also less maintenance.

2. What does “renovated basement” imply?
The listing confirms the basement is renovated but does not specify the scope or finish. Buyers should inquire about the quality, permits, and the basement’s intended use (e.g., living space, rental suite, storage).

3. How does the 2020 sale price relate to today’s value?
The 2020 sale of $36,600 and the current assessed value of $38,700 provide a historical benchmark. Market conditions have likely shifted since, so a current market evaluation is essential.

4. There’s no garage. Is street parking difficult?
The listing notes no garage. Parking ease should be verified by visiting the street at different times to assess typical availability.

5. The home is “around average” in age for the area. What should I check?
A 1951 build is common for Central River Heights. A thorough inspection is key to understand the specific condition of major systems like plumbing, electrical, and the roof, which may be original or updated.