Property Overview: 147 Cordova Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 147 Cordova Street presents a solid, established property in the desirable North River Heights neighbourhood. With 1,640 sqft of living space, it offers more room than the average Winnipeg home, placing it in the top 23% city-wide. The lot size of just over 5,000 sqft is typical for the area, providing a balanced outdoor space. Built in 1924, the home’s age is a defining characteristic; it is notably older than most on its street and in the broader city, suggesting classic architecture and potential for character details, but also indicating that the condition of major systems and the scope of prior updates will be key considerations.

Its appeal lies in its strong positional value. The assessed value of $481,000 is above the Winnipeg average, yet sits comfortably around the median for North River Heights and Cordova Street itself. This suggests you are paying primarily for the established location rather than an oversized or newly renovated structure. The property last sold in 2016 for between $400,000-$450,000, indicating a history of value appreciation.

This home would best suit a buyer who values neighbourhood character over a modern build, and who is comfortable with the realities and rewards of a century-old home. It’s a practical choice for someone seeking space in a prime area without an extreme premium, and who may have a vision for thoughtful updates. It is less suited for those seeking a move-in-ready new build or a minimal-maintenance property.

Frequently Asked Questions

1. How does the age of this home (1924) practically affect its value and upkeep?
While its age places it in the older tier of homes, this is common for the character of North River Heights. The key will be the state of major updates (roof, wiring, plumbing, windows, insulation) completed over the years. A well-maintained older home offers charm and solid construction, but prospective buyers should budget for potentially higher maintenance and energy costs compared to a newer build.

2. The assessed value is above the city average but average for the area. What does this mean?
This highlights that you are investing in the location. The value is driven more by being in North River Heights than by the house having exceptionally large size or modern finishes compared to its immediate neighbours. It represents an entry point into a stable, sought-after neighbourhood.

3. What can the 2016 sale price tell us?
The previous sale price (estimated $400k-$450k) compared to the current $481k assessment suggests steady appreciation over an 8-year period. For a precise understanding of market trends, requesting the exact sold price history (as offered on the detail page) would be necessary.

4. Is the living space efficiently configured?
At 1,640 sqft, the space is generous for Winnipeg. However, in a 1924 layout, room sizes and flow may differ from modern open-concept designs. Considering how the space is divided and whether it fits your lifestyle is as important as the square footage number itself.

5. How does the lot size compare and what are the implications?
At 5,146 sqft, the lot is standard for North River Heights but smaller than the city-wide average. This means manageable yard maintenance and a typically closer proximity to neighbours, which is characteristic of this mature, central neighbourhood. It offers room for a garden or patio but not for extensive expansions or sprawling privacy.