69.8
Good
Property score
69.8
Good
Overall 69.8
Smaller but newer than most nearby homes
1,103 sqft (bottom 28%)
Built in 1953
Located in a high-income area
with median household income of ~124k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 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
18% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 85%Chinese · 1%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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69.8 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: #46111051
$124K
Median household income
$151K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
27%
Single-person households
32%
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
685 Cordova Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 299 m), 1 education (nearest 301 m), 2 parks (nearest 270 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 10% | Bottom 13% | Bottom 43% |
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 685 Cordova Street in Winnipeg's Central River Heights presents a specific and compelling value proposition. Its key appeal lies in the combination of a desirable, established neighbourhood and a large, 5,231 sqft lot that offers significant potential. The home itself, built in 1953, is notably newer than many on its street and in the immediate area. While the 1,103 sqft living space is modest and the assessed value is comparatively low, the property includes a renovated basement and a detached garage. The lot size is a standout feature, providing ample outdoor space and future possibilities in a central location.
This property would suit a practical buyer looking to enter the River Heights area, prioritizing land size and location over a large existing footprint. It’s ideal for someone comfortable with a home that may require updates or who sees value in the potential to expand or redevelop the existing structure over time. It also appeals to those seeking a lower property tax base relative to the neighbourhood, thanks to its current assessment.
Frequently Asked Questions
Q: The living area seems small. Is the house too cramped?
A: At just over 1,100 sqft, the main floor living space is compact. However, the renovated basement effectively adds usable square footage, and the very large lot provides ample room for decks, gardens, or future additions, shifting the living dynamic indoors-outdoors.
Q: Why is the assessed value so much lower than the city-wide average?
A: The assessed value reflects the property's current state and modest building size relative to its land value. In sought-after neighbourhoods like River Heights, a lower assessment on a sizable lot can indicate a property ripe for improvement, which is often attractive to buyers.
Q: The home is older. Should I be concerned about major repairs?
A: While built in 1953, it's actually newer than most homes on its street. The renovated basement is a positive sign of updates. A thorough inspection is always recommended to understand the condition of core systems like plumbing, electrical, and the roof.
Q: What is the real benefit of such a large lot here?
A: Beyond private outdoor space, a lot of this size in a central neighbourhood is a long-term asset. It offers flexibility for landscaping, recreation, parking, or potential future development (subject to zoning), which is rare to find at this price point in the area.
Q: How does the detached garage impact the property's use?
A: A detached garage provides secure parking and valuable storage or workshop space. It also creates a distinct separation between vehicle storage and living areas, and its placement on the large lot offers flexibility for future landscaping or driveway designs.
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