Property Overview: 247 Cordova Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 247 Cordova Street presents a solid, established residence in the desirable North River Heights neighborhood. Built in 1930, it offers 1,685 sqft of living space on a 5,165 sqft lot, with a current assessed value of $475,000. The appeal lies in its balanced positioning: it's a home that doesn't stand out as exceptionally large or small for its area, but offers above-average space compared to the Winnipeg city-wide average. Its recent sale in late 2024, in the $700k-$750k range, indicates strong market demand and a significant appreciation from its previous sale in 2017.

The property suits buyers looking for a character home in a mature, sought-after neighborhood without the extremes of a massive renovation project or a brand-new build. It’s a practical choice for those who value neighborhood prestige and lot size over ultra-modern finishes. A thoughtful perspective is that its "around average" metrics for the street and area suggest it integrates seamlessly into the community fabric—it’s not an outlier, which can be appealing for those seeking consistency and stable property values. The substantial price increase since 2017 also highlights it as a home in a neighborhood with proven growth, attractive to buyers with an eye on long-term value.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,685 sqft, the living area is comfortably above the Winnipeg city-wide average. On Cordova Street and in North River Heights, it ranks in the top third, meaning it's larger than many comparable homes in the immediate vicinity.

2. What does the assessed value versus the recent sale price indicate?
The assessed value is $475k, while the home sold for between $700k and $750k in December 2024. This is common, as assessed values for taxation purposes often lag behind current market values, especially in appreciating neighborhoods. The sale price reflects what buyers were recently willing to pay in the competitive market.

3. Is the 1930 build date a concern?
The home is older than most in Winnipeg overall. While it implies potential for character and mature landscaping, it also suggests buyers should pay special attention to the condition of major systems (roof, plumbing, wiring) and anticipate maintenance consistent with a home of this age. A pre-purchase inspection is highly recommended.

4. How does the lot size compare?
The 5,165 sqft lot is very typical for both Cordova Street and North River Heights, offering standard backyard space and setbacks. It is slightly smaller than the city-wide average lot, which is expected for a mature, inner-city neighborhood.

5. Where can I get verified historical sale data?
The provided sale prices are estimates from public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not have access to or display official MLS sold records.