Property Overview: 634 Cordova Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Central River Heights presents a solid opportunity in a desirable neighbourhood. Its key characteristic is the generous 5,237 sqft lot, which is notably larger than most on its street and in the immediate area, offering valuable outdoor space and potential. The home itself, built in 1953, is older than many comparable properties nearby, which may appeal to buyers interested in classic character, though it suggests consideration for updates. A significant recent renovation to the basement adds modern livable space and is a major plus. The home is complemented by a detached garage.
Its appeal lies in its strong locational fundamentals combined with a lot size that stands out. The recent sale price of $530k (April 2024) positions it above average for the street, neighbourhood, and city, indicating a premium for these attributes. This property would best suit a buyer who values space and location over a brand-new build—someone ready to live in a character home and who appreciates having a renovated basement and a large yard from the outset. It’s a practical choice for those looking to put down roots in a central, established community.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,237 sqft is a standout feature. It places in the top 21% for size on Cordova Street itself and is above average for the Central River Heights neighbourhood, offering more private outdoor space than many nearby properties.
2. What should I know about the age of the home?
Built in 1953, the home is older than roughly 73% of properties on its street. This can mean charming architectural details, but it also warrants a thorough inspection of major aging components like the roof, windows, and foundation, which may need attention or updating.
3. Has the property value been stable?
The recent sale history shows significant appreciation, selling for $530k in April 2024, up from $52.5k in March 2022. This dramatic increase is likely due to a combination of market trends, the basement renovation, and the desirable lot. The assessed value for taxation purposes is currently $48,200k.
4. Is the living space large for the area?
With 1,294 sqft of living area, the home is around the average size for both the street and the wider city. The value here is derived more from the lot size, location, and renovated basement than from an exceptionally large footprint.
5. What are the basics of the basement and garage?
The basement has been renovated, adding immediate functional living space without the need for a project. The garage is detached, which is common for homes of this era, providing storage or parking space separate from the house.