Property Overview: 441 Cordova Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Central River Heights is defined by its substantial, above-average lot. With over 6,350 square feet of land, the property ranks in the top 3% for lot size on its street and the top 12% within the desirable neighbourhood. This is the home's most compelling feature, offering significant outdoor space and potential in a mature, established area. Built in 1954, the house itself is modest in size at approximately 1,123 square feet of living area and features an unrenovated basement and a detached garage.
The primary appeal lies in the land itself and the location. It represents a solid opportunity for buyers with a vision for the future—whether that's extensive gardening, adding outdoor living spaces, or eventually redeveloping the lot. The below-average assessed value, relative to the street and area, suggests it may be priced accessibly for the neighbourhood, positioning it as a potential value proposition. This property would best suit a practical buyer, a renovator looking for a footprint to expand into, or an investor who recognizes the long-term value of land in a prime central location. It’s a home where the current structure meets basic needs, but the true value is in the property's underlying assets and possibilities.
Section 2: Frequently Asked Questions
1. Is the large lot size typical for the area?
No, it's exceptional. This lot is significantly larger than most on Cordova Street and in Central River Heights, placing it in the top tier for land area locally.
2. What does "basement, not renovated" imply?
It indicates the basement is functional but in original or utilitarian condition. Buyers should budget for updates and anticipate it may need addressing moisture-proofing, insulation, or finishing to modern standards.
3. How does the home's size compare to others?
The living space is slightly below average for the immediate street but around the typical size for Winnipeg overall. The home is comfortable for a smaller household but feels more spacious due to the large property it sits on.
4. Why is the assessed value relatively low?
The assessed value is below average for the street and neighbourhood, which often reflects the home's older condition, modest size, and unrenovated state compared to updated peers. It can indicate a more accessible entry point into the area.
5. What is the neighbourhood like?
Central River Heights is a mature, sought-after neighbourhood known for its tree-lined streets, character homes, and central proximity to amenities, parks, and the river. This property offers a chance to secure a large lot in that established setting.