Property Overview: Cordova Street, Central River Heights

Key Characteristics & Buyer Profile

This is a well-established home built in 1952, offering roughly 1,267 square feet of living space on a 5,215-square-foot lot—both figures sitting close to the local median. The assessed value of $412,000 reflects a property that is neither overbuilt nor modest for its setting; it falls in the top third of Winnipeg citywide but below the median within its immediate street and area.

Where the appeal lies: The property's real strength is its balance. It is not a standout in any single metric, but it avoids extremes—it is not the smallest, newest, or priciest home on the block. The year built is above average for Cordova Street (top 20%), which suggests it has likely been updated or well-maintained relative to its neighbors. For a buyer, this means less risk of inheriting a complete fixer-upper from a weaker vintage, while still retaining the character and layout typical of post-war construction. The land area is average, which is practical: large enough for a yard and garden but not oversized to the point of high upkeep.

Who it suits: This home is ideal for a buyer looking for a solid, no-surprises entry into a desirable central neighbourhood. It suits families or couples who want a functional footprint without paying a premium for square footage they may not need. It also appeals to buyers who value neighbourhood stability over showy features—someone who would rather have a home that sits comfortably in the middle of its peer group than one that pushes boundaries on price or size. Given its placement in Central River Heights, this property would work well for someone who wants proximity to the river, schools, and amenities without chasing a top-tier resale trophy.

Frequently Asked Questions

1. How does the living space compare to other homes in the area?
At 1,267 square feet, it is slightly below the average for Central River Heights (1,346 sqft) but still within a reasonable range. The property ranks in the top half of the area, meaning it is not cramped by local standards.

2. Is the assessed value a good indicator of market price?
Assessed value is a baseline used for property tax calculations, not a direct market price. This home's assessment of $412,000 falls near the middle for its street but is below the median for the wider area. Market conditions could push a sale above or below that figure depending on demand, condition, and recent sales.

3. What should I consider about a home built in 1952?
Key systems (electrical, plumbing, insulation, foundation) may need inspection. Many homes of this era have solid bones but may lack modern energy efficiency or updated wiring. If the home has been well-maintained, the 1952 build should be considered a sign of durability, not obsolescence.

4. Is the lot size practical for outdoor use?
At 5,215 square feet, the lot is average for the city and slightly smaller than the median for Central River Heights. It provides enough room for a typical backyard garden, patio, or play area, but is not large enough for extensive landscaping or expansion without careful planning.

5. How does this property rank in terms of value compared to citywide data?
Citywide, it sits in the top third for assessed value (top 35%) and the top 44% for living area. This suggests the home offers solid value relative to its size—it is not overpriced per square foot, but also not a bargain basement entry point. It is a middle-of-the-pack choice that avoids the extremes of either end of the market.