Property Overview
This two-storey home on Cordova Street in Central River Heights offers a blend of established neighbourhood character and practical updates. Built in 1952, it sits on a lot that is slightly below average in size for the immediate street but provides a generous and above-average amount of living space (1,610 sqft) for the broader neighbourhood and city. A key feature is the renovated basement, adding functional square footage, and the property includes a detached garage. Its assessed value positions it above average for both Central River Heights and Winnipeg overall.
The appeal lies in its move-in ready potential with the basement work already done, coupled with the enduring charm of a mature River Heights street. It suits a buyer looking for a home with character that doesn’t require major immediate renovations, and who values the convenience, tree-lined streets, and community amenities of this central location. A thoughtful perspective is that while the lot size is modest for the street, it translates to less yard maintenance without sacrificing the feel of the area. The home’s above-average living space relative to its peers suggests an efficient and comfortable layout.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city.
How does the lot size impact the property?
At 4,588 sqft, the lot is below the average for Cordova Street but is still a good size. This often means a more manageable yard while maintaining the neighbourhood's spacious setting.
What is the significance of the sold prices from 2017 and 2019?
The sale in 2017 ($370k) is likely the last full market transaction. The significantly lower price in 2019 ($36.80k) is almost certainly not an arms-length market sale (e.g., a transfer between family members) and should not be used to gauge current market value.
How does the year built (1952) affect the home?
Built in 1952, the home is older than most on its street but average for the wider area. This typically means classic construction and character, but buyers should pay close attention to the condition of major aging components like the roof, windows, and plumbing during an inspection.
What does the assessed value tell us?
The assessed value ($47.20k) is for municipal tax purposes only and is not an indicator of market value. Its "above average" ranking simply shows its tax assessment is higher than many peers, not that its selling price will be.