Property Overview: 138 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on its generous lot and established location. Built in 1926, it offers a compact 1,028 sqft of living space, which is notably smaller than most homes on its street and in the desirable North River Heights area. The primary appeal lies in its expansive 5,237 sqft land area, which ranks well above average for both the immediate street and the neighbourhood. This creates significant potential for gardening, outdoor living, or future expansion, a valuable asset in a mature community where large lots are increasingly rare.
With an assessed value of $481,000, it sits around the average for North River Heights but above the Winnipeg city-wide average, reflecting the premium for the location. The last known sale was between $350,000-$400,000 in mid-2019. This property would best suit a buyer who prioritizes land size over interior square footage—perhaps a downsizer seeking a manageable home with ample outdoor space, or a strategic buyer viewing the lot itself as the long-term value, with the existing structure being functional or offering redevelopment potential over time.
Frequently Asked Questions
1. Is the house in original condition?
Given its age (1926) and living area that is below neighbourhood averages, it is very likely the home retains much of its original layout and may require updates. Buyers should budget for potential maintenance or modernization consistent with a century-old home.
2. How does the assessed value compare to recent sales?
The assessed value ($481k) is higher than the home's last recorded sale price range ($350k-$400k in 2019). This difference could be due to market appreciation, renovations, or the assessment reflecting the high value of the large lot. It’s important to get current, exact sales data for a precise comparison.
3. What does the large lot size mean for me?
The 5,237 sqft lot is a standout feature. It offers more private outdoor space than most nearby properties and provides flexibility for adding a garage, a large deck, or even an addition (subject to zoning and permits). It’s a key factor in the property’s value.
4. Why is the living area so much smaller than neighbours' homes?
This is characteristic of many older homes in established neighbourhoods. It indicates this property may not have been expanded over the years, unlike many comparables. It results in more efficient, cozier living spaces and a larger portion of the property dedicated to yard.
5. How can I find out the exact past sale prices?
The provided sales data is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not have access to MLS sales history.