Property Overview: 448 Cordova Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Central River Heights, built in 1951, presents a practical opportunity in a well-regarded neighbourhood. Its key features include a renovated basement and a detached garage. With 1,332 sqft of living space, the home offers a comfortable footprint that is typical for the area. The lot size of 4,610 sqft is notably smaller than many on its street and in Central River Heights, which could mean less maintenance but also less private outdoor space compared to immediate neighbours.
The primary appeal lies in its location within a sought-after community and the value represented by its below-average assessed value relative to the city. It suits a specific type of buyer: those prioritizing entry into a stable neighbourhood over a large lot, or who prefer a more manageable yard. It could be an ideal fit for first-time buyers, downsizers, or investors looking for a character home with a renovated basement in a central location, provided they are comfortable with a property that has a smaller land parcel than most in the immediate vicinity.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The land area is 4,610 sqft, which is below the average for both Cordova Street and the broader Central River Heights neighbourhood. This means the yard is likely more compact than those of many surrounding properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or finish. Viewing the property or requesting details from the listing agent is necessary to understand the quality, layout, and permitted use of this space.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The current assessed value is $41,800, but a nearby, very similar home at 445 Cordova Street sold for $374,000 in early 2021. Market conditions, the home's interior condition, and updates since assessment will ultimately determine the sale price.
4. What are the implications of the home's age?
Built in 1951, the home is older than the Winnipeg city average. While it offers classic character, prospective buyers should pay particular attention during inspections to the condition of major aging components like the roof, plumbing, electrical, and foundation.
5. How does this home rank for space within its area?
The living area is around the average for Winnipeg, but slightly below the average for homes on Cordova Street itself. This suggests the interior space is reasonably standard for the city, but may feel somewhat cozier than some other houses on the same block.