Property Overview: 357 Cordova Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This 1,196 sqft home, built in 1948, sits on a 4,563 sqft lot in the established North River Heights neighborhood. Its core appeal lies in its balance and positioning. With an assessed value of $435,000, it represents a solid mid-range option, priced notably below the average for its immediate street and neighborhood, yet above the Winnipeg citywide average. This suggests you're acquiring a desirable location without paying the peak premium often found on the block.
The home is compact relative to its neighbors—its living area is below the local averages—making it efficient and likely easier to maintain. The lot size follows a similar pattern, offering a manageable outdoor space. A thoughtful perspective is that its 1948 build date is actually newer than many homes in North River Heights, potentially meaning updates or systems that are a generation younger than surrounding properties. This home would suit a first-time buyer or downsizer seeking an entry point into a prime neighborhood, or a practical buyer who values location and value over sheer square footage, preferring a cozy footprint with lower utility and upkeep costs.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
Data shows a home in this area sold for between $400,000 and $450,000 in May 2021. The current $435,000 assessment aligns closely with that recent sale range, indicating the assessment is grounded in the existing market.
2. Is the living space significantly smaller than other homes nearby?
Yes. At 1,196 sqft, this home's living area is below the average for both Cordova Street and the wider North River Heights area. This translates to a more efficient, potentially cozier layout compared to larger neighboring houses.
3. What does the "newer" build year mean for a 1948 home?
While 78 years old, this home was built later than many in North River Heights. This could imply construction methods or home styles that differ from earlier decades, and possibly that major components like plumbing or electrical have seen updates over time.
4. How does the lot size impact the property?
At 4,563 sqft, the lot is slightly smaller than the neighborhood average. This means a manageable yard for gardening or recreation, with likely less maintenance than a larger plot, but potentially less privacy or expansion space than some neighbors have.
5. Where can I get verified historical sale data for this property?
The provided data is based on public records. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site, as they do not display proprietary MLS sold records.