56 Cordova Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1929 home on Cordova Street in Winnipeg’s Wellington Crescent area offers 2,452 square feet of living space on a 5,239-square-foot lot. Its assessed value is $768,000.

The property performs exceptionally well at the street and citywide levels. On Cordova Street, it ranks in the top 4% for living area and top 5% for assessed value. Citywide, it ranks in the top 3% for both metrics, making it a notably large and valuable home relative to most Winnipeg properties. However, within its immediate Wellington Crescent neighbourhood, it sits closer to average—ranking in the 35th percentile for size and 36th for value. This suggests the home is situated among some very large, high-value properties, and its own proportions are modest by that local standard.

The year built (1929) is older than average for the city and the street, but consistent with the neighbourhood’s median of 1940. The lot size is above average for the street but below the neighbourhood’s typical 9,488 square feet, reflecting the mixed character of Wellington Crescent.

This property would likely suit a buyer who appreciates pre-war character and wants a spacious home on a good street, but without paying a premium for the largest lot in the area. It may appeal to someone who values citywide prominence over neighbourhood conformity—or who sees an opportunity to own a top-ranked city property that is priced closer to neighbourhood norms.

Frequently Asked Questions

1. How does this home compare to others on Cordova Street specifically?
It ranks 11th out of 268 homes for living area (top 4%) and 13th for assessed value (top 5%). Land area is also above average—37th out of 268 homes. The only metric where it falls below street-level standards is year built, which is older than the street average of 1944.

2. Is the assessed value of $768,000 high or reasonable for this area?
In the Wellington Crescent neighbourhood, it’s slightly below the average of $805,600, ranking in the 36th percentile. But citywide, it’s in the top 3% of all comparable homes. So it’s a high-value property by Winnipeg standards, but priced within reach of the local market.

3. Does the 1929 construction date mean maintenance concerns?
Not necessarily, but it’s worth investigating. The home is older than most Winnipeg houses and the street average, but the neighbourhood has many homes from the same era. Buyers should budget for potential updates to electrical, plumbing, insulation, and windows—common in pre-war homes.

4. How does the lot size compare to other homes in Wellington Crescent?
The 5,239-square-foot lot is above average for Cordova Street (top 14%), but below the neighbourhood average of 9,488 square feet. This means the home offers generous outdoor space on its street, but is on a smaller lot than many nearby properties in the broader area.

5. What kind of buyer would this home not be ideal for?
It may not suit someone looking for a newer, move-in-ready home with modern finishes and open-concept layouts typical of recent builds. It also likely wouldn’t appeal to buyers prioritizing a large lot within Wellington Crescent, or those seeking a home that aligns strictly with neighbourhood averages in size and value.