72 Cordova Street – Property Summary

Key Characteristics & Ideal Buyer Profile

This 1927 home in Winnipeg’s Wellington Crescent neighbourhood offers 2,195 square feet of living space on a 5,238-square-foot lot. Its assessed value sits at $688,000.

What stands out is the property’s citywide positioning—it ranks in the top 7% for living area and top 4% for assessed value across all of Winnipeg. On its own street, Cordova Street, the home is in the top 7% for both size and value. The land area is above average for the street (top 16%) but only average for the broader Wellington Crescent neighbourhood, where lots tend to be significantly larger (average 9,488 sqft citywide versus 5,238 sqft here). The year built, 1927, is older than the street average (1944) and considerably older than the city average (1966).

The appeal lies in the combination of size and value relative to the city as a whole, rather than the immediate neighbourhood. A buyer gets a spacious, older home in a desirable area at a price that undercuts the neighbourhood average ($805,600) but still reflects strong citywide desirability. The lot is modest by Wellington Crescent standards, which may actually be a practical advantage for those who want less yard maintenance.

Best suited for: A buyer who prioritizes living space and long-term value over a large yard, who appreciates older construction (possibly with character features common to 1920s homes), and who wants a property that is clearly above average in citywide rankings without being the most expensive house on the block. It may also suit someone who values being on a well-regarded street but doesn’t need the largest lot in the area.

Frequently Asked Questions

1. How does the assessed value compare to other homes in Wellington Crescent?
The assessed value is $688,000, which is lower than the neighbourhood average of $805,600. It ranks in the top 43% of homes in the area—slightly above average, but not among the highest-valued properties on the street. The home’s value is more exceptional when compared citywide (top 4%).

2. Is the 1927 construction a concern?
Homes from that era often have solid framing, good bones, and character details, but systems (plumbing, electrical, insulation) may need updates. A pre-purchase inspection is always recommended for older homes to assess the condition of the roof, foundation, and mechanicals. The year built is older than most homes in the area (average 1940) and significantly older than the city average (1966).

3. How does the lot size affect usability?
At 5,238 square feet, the lot is above average for Cordova Street but well below the Wellington Crescent average of 9,488 square feet. Outdoor space is manageable—enough for a garden and small patio—but not suited for extensive landscaping or large outdoor entertaining. It offers less privacy and buffer from neighbours than larger lots in the area.

4. What does “Top 7%” citywide for living area actually mean?
Out of nearly 195,000 comparable homes in Winnipeg, this property is larger than approximately 93% of them. It is one of the bigger homes in the city by living space, despite being only around average in size within its own neighbourhood. This often translates to better resale value over time, especially if citywide demand for larger homes continues.

5. How does this property compare to others currently for sale on Cordova Street?
This home ranks in the top 7% on the street for both living area and assessed value. That means it’s one of the larger and more valuable homes on Cordova. Most houses on the street are smaller (average 1,517 sqft) and lower in assessed value (average $492,700), so this property stands out as a premium option within its immediate block.