Property Overview & Key Characteristics
This home at 158 Cordova Street in North River Heights is a property of clear distinction, defined by its substantial size and premium valuation. Its primary appeal lies in offering significantly more space than most homes, both in its living area and on its lot. With 2,319 sqft of living space, it ranks in the top 5% to 9% compared to neighbours and city-wide averages. The lot size of over 5,200 sqft is also notably above average for its immediate area. This is reflected in its assessed value of $1.08M, which places it in the elite top 1-3% of homes across all comparison levels.
The home’s character is shaped by its 1925 construction, making it a century-old property. This vintage places it among the older homes on the street and in the neighbourhood, which is a key consideration. It last sold in 2016 for between $850,000 and $900,000.
This property would best suit buyers who prioritize generous interior and exterior space in a mature, established neighbourhood and who understand the opportunities and responsibilities that come with a home of this era. It is ideal for those looking for a substantial, long-term family home in a prime location, with the means and vision to either maintain or thoughtfully update a historic property.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average?
The assessed value of $1.08M is in the top 1% for the area because the home's living area is exceptionally large for North River Heights. It offers over 750 sqft more than the local average, and its lot size is also above average, justifying its premium valuation.
2. What should I know about the home being built in 1925?
As a century-old home, it offers classic character and likely solid construction. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major systems (like plumbing, electrical, and the foundation) and the roof, which may have been updated over the years.
3. How does the lot size compare?
At 5,237 sqft, the lot is above average for both Cordova Street and North River Heights. This provides a valuable larger yard space, which is less common in this central neighbourhood, offering more privacy and room for gardens or recreation.
4. What does the 2016 sale price tell us?
The home sold for between $850,000 and $900,000 nearly a decade ago. The significant increase to its current $1.08M assessment highlights the strong appreciation in the area and for substantial, well-located properties during that period.
5. Is this a typical home for North River Heights?
In terms of size and value, it is not typical—it is a standout. While the neighbourhood features many charming older homes, this one is among the largest and most valuable. It represents the upper tier of what the area offers, catering to buyers seeking above-average space without leaving this desirable central community.