Property Overview: 665 Cordova Street, Central River Heights
Key Characteristics & Appeal
This is a well-situated, one-storey home in the sought-after Central River Heights neighbourhood. Built in 1953, its construction date is notably newer than many homes on its street and in the immediate area, which can be appealing for maintenance and systems. The home sits on a 4,702 sqft lot, which is spacious for the neighbourhood, offering valuable outdoor space and potential. With 957 sqft of living area, the house itself is compact and efficient, suited for simpler living. A key feature is the renovated basement, adding functional space. The property includes a detached garage.
Its primary appeal lies in its location within a prime neighbourhood combined with a lot size that stands out locally. It represents an opportunity to own a lower-maintenance, character home on a good piece of land in a mature, established community. This property would best suit first-time buyers or downsizers seeking a foothold in River Heights without the scale of a larger house, or an investor looking for a solid, rentable asset in a perennial in-demand area. The renovated basement and newer build date (for the street) are practical advantages that add immediate value.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. With 957 sqft of living area, the house is significantly smaller than the average home on Cordova Street and in Central River Heights. This makes it a more manageable property, but buyers should be comfortable with a compact layout.
2. How does the lot size compare?
The lot is 4,702 sqft. While below the average for the street, it ranks in the top 78% locally, meaning it's still a generously sized lot for Central River Heights—a definite asset in this neighbourhood.
3. The assessed value seems high for the home's size. Why?
The assessed value of $440k is above the Winnipeg city-wide average. This reflects the premium for the Central River Heights location, the desirable lot size, the renovated basement, and the fact the home is newer than many of its immediate neighbours.
4. What does "newer build date" mean in this context?
Built in 1953, this home is newer than 91% of homes on Cordova Street (where the average build year is 1944). This can suggest updated foundational materials and potentially less concern over some aging components common in pre-war homes.
5. Who might this property not suit?
It may not suit buyers needing substantial above-ground living space or multiple large bedrooms. The compact main floor and smaller overall square footage prioritize efficient living over spaciousness. It's a home for those who value location and lot over interior size.