Property Overview: 660 Cordova Street, Central River Heights

Section 1: Key Characteristics & Appeal

This is a classic two-storey home built in 1951, situated on a mature, quiet street in the desirable Central River Heights neighborhood. Its key features include a renovated basement and a detached garage. With 1,166 sqft of living space, it offers a more compact and manageable footprint compared to many area homes, which may appeal to those seeking efficiency without sacrificing location.

The primary appeal lies in its established neighborhood setting and its value proposition. The lot size, while below average for the immediate street, is still generous by city-wide standards, offering outdoor space in a central location. The home’s assessed value positions it as an above-average investment city-wide, suggesting solid fundamentals for the price point. This property would suit first-time buyers, downsizers, or value-focused investors looking for an entry into a sought-after area without a premium for excessive square footage. It’s a home for those who prioritize community and location over sheer size, and who see potential in a property with a recently updated basement.

Section 2: Frequently Asked Questions

1. How does the lot size compare practically?
While the land area is below the average for Cordova Street, it is still a substantial 4,714 sqft. This means you likely have a good-sized yard for gardening or entertaining, but perhaps with less frontage or a different configuration than some neighbors.

2. What does the "renovated basement" typically mean for a home of this era?
In a 1951 home, a renovated basement often indicates updated living space, such as a rec room or additional bedroom, and likely addresses foundational concerns like moisture control or insulation. It’s a significant functional upgrade from an original, unfinished cellar.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value of $46,800 is for municipal tax purposes. The recent sale in June 2024 was $452,000, which is the true market indicator. The high city-wide percentile rank for assessed value suggests the property is considered a strong asset relative to Winnipeg as a whole.

4. Who might find the living area ideal, and who might find it limiting?
The 1,166 sqft layout is efficient and may be ideal for small families, couples, or individuals. It suggests lower utility costs and less maintenance. However, those needing multiple dedicated rooms for offices, hobbies, or growing children may find the space requires creative use or future expansion.

5. How does the home’s age factor into maintenance?
Built in 1951, the home is of average age for Central River Heights. Buyers should anticipate maintenance consistent with a 75-year-old structure, such as potential updates to original plumbing, electrical, or windows, balanced by the character and established landscaping of an older home.