Property Overview: 124 Cordova Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 124 Cordova Street is a classic North River Heights property that represents a solid, middle-ground opportunity in a desirable neighbourhood. Built in 1938, it offers 1,531 square feet of living space on a notably generous 5,237 square foot lot for the area. The data reveals a home that is comfortably above average in size compared to the wider Winnipeg market, and it sits on a lot size that ranks in the top 27% within North River Heights, suggesting more outdoor space than many neighbouring properties.

Its appeal lies in its established location and balanced metrics. The assessed value of $464,000 is very typical for the immediate street and neighbourhood, indicating a fairly priced entry point into the area. For a buyer, this presents a known quantity without the premium often attached to fully renovated or newer homes. The generous lot is a standout feature, offering potential for gardening, expansion, or simply more privacy—a valuable asset in a mature neighbourhood where lot sizes can vary.

This property would best suit a pragmatic buyer who values location and land over turn-key perfection. It’s an ideal candidate for a homeowner comfortable with gradual updates or a long-term holder who appreciates the stability of a central neighbourhood. It offers the space and foundation for personalization without the extreme premium of a top-tier, fully modernized home.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, a home on this street sold between $500,000 and $550,000 in late 2023. The current assessed value of $464,000 for 124 Cordova suggests it may be positioned at a different price point, potentially reflecting its condition, specific features, or market adjustments since that sale.

2. What does the lot size ranking mean for me?
Ranking in the top 27% for land area in North River Heights means this property’s lot is larger than most in the neighbourhood. This translates to more yard space, greater distance from neighbours, and potentially more flexibility for future projects like a deck, garage, or garden compared to homes on standard-sized lots here.

3. The home was built in 1938. What should I consider?
While the building age is typical for North River Heights, a home of this vintage likely has original or older mechanical systems (like plumbing and wiring) and windows. A thorough inspection is crucial to understand the condition and to budget for any necessary updates or maintenance that come with character homes.

4. The living area is “around average” for the neighbourhood. Is that a drawback?
Not necessarily. It means the home offers the standard amount of space expected in this area, which is generally sufficient for a family. The more notable advantage is that the living space is combined with an above-average lot size, which is a less common combination.

5. How reliable is the sold price data shown?
The sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, as industry rules prevent the display of official MLS records here.