Property Overview: 418 Cordova Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1947-built home in North River Heights presents a classic, mid-century character with a practical footprint of 1,061 sqft on a 4,189 sqft lot. Its assessed value of $395K sits notably below the averages for both its immediate street and the broader North River Heights area, suggesting a potentially accessible entry point into this established neighbourhood. The home’s living space is compact compared to nearby peers, which positions it as a manageable property rather than a sprawling one.

The primary appeal lies in its value proposition within a desirable location. It suits first-time homebuyers or downsizers seeking a lower-maintenance property in a mature, tree-lined community without the premium price tag of larger homes on the street. A thoughtful perspective is that its smaller scale and lot size could translate to lower utility costs and less yard work, appealing to those prioritizing efficiency and lifestyle over sheer space. The home’s age (older than most in the city but relatively average for its area) indicates it’s part of the neighbourhood’s original fabric, potentially offering charming architectural details, but buyers should be prepared for the maintenance and updating typical of a house from this era.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to recent sales?
The home last sold between $300K-$350K in early 2017. Its current $395K assessment is around the city-wide average for comparable homes but below the averages for North River Heights and Cordova Street specifically, indicating it may be priced more competitively within its immediate locale.

2. Is the living space and lot size a concern?
At 1,061 sqft, the living area is smaller than most homes on the street and in the area. The lot is also below average in size for the neighbourhood. This suits those seeking a cozier, more manageable property but may not fit those needing ample indoor or outdoor space.

3. What does the year built (1947) mean for a buyer?
Built in the post-war period, the home is older than 76% of properties city-wide but is actually newer than many in North River Heights. This suggests it fits the neighbourhood's character but will likely have systems (like plumbing, electrical, and insulation) that require scrutiny and may need updating.

4. How accurate is the provided sales data?
The sold price data is based on publicly available information, not the MLS, and is presented as a range. For fully verified, exact historical sale figures, a manual lookup must be requested directly from the site.

5. Who are the most comparable nearby properties?
Nearby references like 454 Campbell St. (similar value, size, and era) and 445 Cordova St. (similar era but larger and higher-valued) provide useful benchmarks. The data suggests this home offers a more compact and potentially more affordable alternative on the same street.