59.2
Fair
Property score
59.2
Fair
Overall 59.2
Smaller but newer than most nearby homes
832 sqft (bottom 2%)
Built in 1953
Located in a high-income area
with median household income of ~124k
Transit 88.0
2-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
38% 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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59.2 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: #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
705 Cordova Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 271 m), 1 education (nearest 230 m), 2 parks (nearest 337 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 14% | Bottom 17% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 705 Cordova Street, Central River Heights
Key Characteristics & Appeal
This is a compact, one-storey home built in 1953 on a 4,711 sqft lot in the established Central River Heights neighbourhood. Its key characteristic is its significant land size relative to its modest 832 sqft living area, presenting a clear value proposition centred on the lot itself. The home has an unfinished basement and no garage.
The primary appeal lies in its potential. The lot is larger than most in the immediate area, offering room for expansion, gardening, or outdoor living. For the price-conscious buyer, it represents a rare entry point into a desirable neighbourhood where land typically holds strong value. It would suit a practical first-time buyer willing to live modestly while planning future renovations, an investor looking for a land-value play with rental income potential, or someone seeking a lower-maintenance yard in a central location without the premium of a fully renovated home. A less obvious perspective is that its very modest assessed value could translate to relatively lower property taxes, an ongoing financial benefit that complements the affordable purchase price.
Frequently Asked Questions
1. Is this a teardown property?
While the living space is small and the interior is not renovated, the data does not explicitly state the home's condition. Its value is heavily weighted toward the land, making it a candidate for a significant renovation or eventual rebuild, but it is currently a functional dwelling.
2. How does the lot size compare?
The lot is 4,711 sqft. It is below the average for Cordova Street but ranks in the top quarter citywide, meaning it's a competitively sized lot for Winnipeg overall. In Central River Heights, it's notably larger than many neighbouring properties.
3. What is the neighbourhood like?
Central River Heights is a mature, sought-after neighbourhood known for its tree-lined streets, character homes, and proximity to amenities like parks, the Assiniboine River, and Corydon Avenue's shops and restaurants.
4. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state—a smaller, older home without recent high-value renovations. It is significantly below average for its street and neighbourhood, aligning with its compact living area and unfinished spaces.
5. Was the last sale price similar to the assessed value?
Yes. The property sold for $32,600 in August 2021, which is virtually identical to its current assessed value of $32,300, suggesting a stable and consistent valuation over recent years.
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