Property Overview: 191 Cordova Street, North River Heights, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is a classic 1926 residence in the established North River Heights neighborhood. With 1,437 sqft of living space on a 5,155 sqft lot, it offers proportions that are very typical for its immediate street and area, providing a comfortable footprint without being oversized. Its assessed value of $353k is notably below the local averages for Cordova Street and North River Heights, but aligns more closely with the wider city average. This creates a distinct value proposition: you are acquiring a home in a desirable, mature neighborhood at an assessment point that sits lower than many of its direct peers. The appeal lies in this potential value opportunity within a prime location, coupled with the character and lot size that come with a century-old home.

The property would suit a pragmatic buyer who values location and lot size over modern finishes, and who is prepared for the maintenance or updates that can come with a home of this age. It’s a sensible entry point into North River Heights for those comfortable with a project, or for an investor seeking a character property in a stable area. A less obvious perspective is that its "below average" assessment for the area could be seen as an insulation against higher property taxes relative to neighbors, while still providing the same neighborhood amenities and prestige.

Frequently Asked Questions

1. Why is the assessed value so much lower than the street and area averages?
This can be due to a number of factors common with older homes, such as outdated systems, a layout that doesn't match modern expectations, or a need for cosmetic or structural updates. The assessment reflects the property's current condition and utility in the eyes of the assessor, not the potential value after renovations.

2. What should I consider specifically because this home is 100 years old?
While offering charm and sturdy construction, a home from 1926 will likely require careful inspection of its foundational structure, roofing, plumbing, electrical wiring (which may not be to current capacity), and insulation. Budgeting for ongoing maintenance and potential updates is essential.

3. How does the sold price from 2022 relate to today's value?
The prior sale price (listed in the $400k-$450k range) provides a historical benchmark, but market conditions, interest rates, and any changes made to the property since then have shifted its current market value. It is a data point, not a definitive guide to today's price.

4. The lot size is above average for the street but below average city-wide. What does this mean?
It means you're getting a generously sized yard for the North River Heights neighborhood, which typically features established homes on good-sized lots. Compared to newer subdivisions city-wide, lots are often larger, so this metric is best viewed in the context of the immediate, desirable area you're buying into.

5. How can I get the exact historical sold prices for this home?
The detailed data provided is based on public records. To receive fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from or displayed via the MLS system.