63.4
Fair
Property score
63.4
Fair
Overall 63.4
Smaller but newer than most nearby homes
984 sqft (bottom 12%)
Built in 1953
Located in a high-income area
with median household income of ~124k
Transit 82.0
1-min walk to transit with 2 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
27% 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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63.4 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
720 Cordova Street — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 208 m), 1 education (nearest 152 m), 2 parks (nearest 346 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%
Local garbage, recycling, and yard waste pickup schedule for 720 Cordova Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 38% | Top 48% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 720 Cordova Street, Central River Heights
Key Characteristics & Buyer Appeal
This one-storey home on a generous 5,135 sqft lot in Central River Heights presents a specific and compelling opportunity. Built in 1953, it is notably newer than many homes on its street and in the immediate area, suggesting potentially fewer concerns with aging infrastructure common to much older properties. The primary appeal lies in its land value and location, offering a sizable, blank-canvas lot in a well-regarded neighbourhood. With a modest 984 sqft living space and an unrenovated basement, the house itself is best suited as a starter home, a downsizing option, or a strategic investment. Its significantly below-average assessed and recent sale values for the area indicate it is priced for its potential, not its current condition.
This property would ideally suit a practical buyer with a vision. It’s a match for a first-time buyer comfortable with a smaller footprint who values a large yard and a central location over move-in-ready finishes. It’s equally suitable for an investor or renovator looking for a property where the value can be added through updates and expansions, capitalizing on the desirable lot size. It is less suited for those seeking a spacious, modern, or low-maintenance home without immediate renovation plans.
Frequently Asked Questions
1. Is this a teardown or a live-in-and-renovate property?
Given its newer construction date (for the area) and existing structure, it is not strictly a teardown. It is more accurately a "fixer-upper" with significant renovation potential, where the value of the large lot provides a safety net for investment.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's current modest size and condition, not the premium value of its lot location. Compared to similar homes specifically in Central River Heights, its assessment is in line, highlighting that you are paying primarily for land in a sought-after neighbourhood.
3. What are the advantages of a detached garage here?
The detached garage offers flexibility. Beyond vehicle storage, it can serve as valuable additional workshop or storage space, which is a significant asset for a home with limited interior square footage and an unfinished basement.
4. How does the living area size impact daily life?
At under 1,000 sqft, the layout will be compact. This promotes a simpler, low-maintenance lifestyle but requires efficient use of space. The large lot, however, offers room for decks, gardens, or future additions to extend living space outdoors.
5. The home sold recently in March 2024. What does that indicate?
The quick resale suggests the property may have been purchased as an investment or that the previous buyer's plans changed. It underscores the importance of a thorough inspection to understand the home's condition and to validate the new owner's vision for adding value.
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