70 Cordova Street – Property Summary
Key Characteristics & Buyer Profile
This 1927 home on Cordova Street offers 1,628 square feet of living space on a 5,238-square-foot lot. The assessed value is $391,000.
What stands out: the lot is generous for the street—ranking in the top 16% on Cordova—and the living area is above average both for the street and citywide. The home sits in Wellington Crescent, a neighbourhood where average lot sizes and assessed values run significantly higher (9,488 sqft and $805.6k respectively). That means this property is one of the more modest entries in a premium area. The assessed value is below the street average and well below the neighbourhood average, which may appeal to buyers who want access to the area without paying the top-tier price.
The house is older (1927), ranking in the bottom fifth citywide for newer construction. That will suit buyers who value character, original details, or are comfortable with renovation, rather than those seeking turn-key modern finishes.
Best suited for: Buyers who want a solid lot in a desirable older neighbourhood, at a price point below the neighbourhood norm. Also a fit for someone willing to invest in updates over time, or who appreciates a home with age and history rather than a newer build.
Five Possible FAQs
1. How does the assessed value compare to others in the area?
It’s below average on Cordova Street ($391k vs. $492.7k average) and well below the Wellington Crescent neighbourhood average ($805.6k). Citywide, it sits near the middle—slightly above the $390.1k average.
2. Is the lot size considered large for the neighbourhood?
On Cordova Street, yes—it ranks in the top 16%. But Wellington Crescent as a whole has much larger lots (average 9,488 sqft), so this property’s lot is average for the broader neighbourhood.
3. The house was built in 1927. What does that mean practically?
Older homes often have solid construction but may need updates to electrical, plumbing, insulation, or windows. It’s worth a thorough inspection. The age also means the style and layout may differ from modern open-concept designs.
4. How does the living area compare to other homes nearby?
It’s about average for Cordova Street (1,628 sqft vs. 1,517 sqft average) and above average citywide (1,342 sqft average). In the wider Wellington Crescent neighbourhood, it’s below average—many homes there are significantly larger.
5. Is this a good investment?
That depends on your goals. The property offers access to a desirable neighbourhood at a lower entry price, which can be appealing. However, the below-average assessed value relative to neighbours may reflect the home’s condition or size. Appreciation may come from location and future upgrades rather than immediate resale.