Property Overview: 171 Cordova Street, Winnipeg

Key Characteristics & Appeal

This home at 171 Cordova Street in North River Heights presents a compelling mix of space, established value, and character. Its primary appeal lies in its generous living area of 1,776 sq ft, which ranks well above average for the street, neighborhood, and city overall. This suggests a home that offers more interior room than many of its peers. The lot size is consistent with the local area at just over 5,000 sq ft, providing typical outdoor space for the community.

Built in 1923, the property is notably older than most homes in its immediate vicinity. This isn't merely a date; it indicates a classic, character-rich home that likely possesses architectural details and solid construction from its era, but also implies that updates and maintenance history will be key considerations. The assessed value of $487,000 sits around the average for North River Heights, positioning it as a solid, established property within this desirable neighborhood rather than an outlier. Recent sale data suggests it sold within the $500,000-$550,000 range.

This property would best suit buyers who prioritize interior space and a classic home foundation in a mature, sought-after neighborhood. It’s ideal for someone who appreciates the charm of an older home and is potentially prepared for the stewardship it requires. It represents a balanced choice—offering more house for the money in terms of square footage within a stable market context, trading newer construction for established character and space.

Frequently Asked Questions

1. How does the age of the home (1923) practically affect it?
While it indicates character and likely sturdy construction, it also means critical systems like plumbing, electrical, roofing, and insulation may have been updated over time. A thorough inspection is essential to understand the modern condition of these elements.

2. The living space is above average, but the assessed value is average. Why?
This can be a positive indicator. It often means you are getting more square footage for your dollar within the neighborhood compared to newer or more extensively renovated homes. The assessed value factors in the home's age and overall condition, not just size.

3. What does the sold price range tell us?
The reported sale in the $500k-$550k range, above the $487k assessed value, is common in active markets. It confirms buyer demand for the property and neighborhood, with the final price likely reflecting the home's specific condition and updates.

4. Is the lot size a pro or a con?
At just over 5,000 sq ft, the lot is standard for North River Heights. It provides good yard space for a city neighborhood but isn't unusually large. It suits those wanting a manageable outdoor area without extensive upkeep.

5. How can I get the exact sale price and history?
The site notes that due to industry rules, exact MLS sold prices are not displayed publicly. You can request the exact figures via email from the provider for a manual lookup, which they state they will provide without using your information for marketing.