Property Overview
227 Cordova Street is a 1,572 sqft home built in 1929, situated on a 5,161 sqft lot in Winnipeg's North River Heights neighbourhood. With an assessed value of $413,000, it presents as a solid, character home in a well-established area. Its appeal lies in its above-average interior space for the city and a lot size that is generous for the immediate neighbourhood, offering room to grow. This property would suit a buyer looking for a home with classic foundations, who values space over newness and is comfortable with the maintenance considerations of a near-century-old house. It's a practical choice for those seeking a balance between inner-city convenience and quieter, tree-lined streets.
Key Characteristics & Buyer Profile
Key Characteristics:
This home offers more living space than the typical Winnipeg house, ranking in the top 27% citywide. Its lot size is also above average for its street and neighbourhood, providing good outdoor space. The 1929 build date means it's older than most city homes, placing it in the top 83% (meaning only 17% of homes are older). The assessed value sits comfortably in the middle range for the area, suggesting it is priced accessibly within a desirable neighbourhood. Recent sales data indicates it sold between $350,000 and $400,000 in March 2024.
Where Its Appeal Lies & Suitable Buyers:
The primary appeal is space and location. You get a larger-than-average home on a good-sized lot in North River Heights, a perennial favourite neighbourhood. The value proposition is clear: it offers more square footage for your dollar compared to many city-wide options. This property would best suit a practical buyer or family who appreciates character and is not afraid of a home with history. It's ideal for someone who sees potential in solid bones and values a large lot for gardening, play, or future expansion over a move-in-ready, modern build. It’s a home for settlers, not flippers.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is. Its assessed value is below the average for both Cordova Street and North River Heights overall, while offering above-average living space for the area. The recent sold price range also positions it as a competitively priced entry into the neighbourhood.
2. What are the implications of the 1929 build date?
While full of character, a home of this age will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential. The positive perspective is that it was built in an era of solid craftsmanship, often with better-quality materials than some newer builds.
3. How does the lot size compare?
At over 5,000 sqft, the lot is larger than most on its street and in North River Heights. This is a significant asset, offering more privacy, yard space, and potential for additions or landscaping than many neighbouring properties.
4. The city-wide living area rank is high (top 27%). What does that mean practically?
It means that compared to all homes in Winnipeg, this house is quite spacious. You are getting more interior room than roughly 73% of properties in the city, which is a notable advantage for growing families or those who work from home.
5. Where can I get the exact sold price history?
The site does not display exact sold prices due to industry data rules. You can request the full transaction history and exact figures by emailing the provided contact. They will perform a manual lookup and send the information directly to you.