97 Cordova Street – Property Summary
Key Characteristics & Appeal
This is a newer home in an older, established neighbourhood. Built in 2019, it ranks in the top 4% citywide for year built—a standout in Wellington Crescent, where the average home dates to the 1940s. The living area is 1,408 square feet, which is close to the city average and slightly below the street average, but unremarkable for the neighbourhood itself, where many homes are significantly larger. The lot is 5,138 square feet, again around average for the street and city, but notably smaller than the neighbourhood average of nearly 9,500 square feet.
What sets this property apart is its assessed value. At $650,000, it ranks in the top 7% on its street and top 5% citywide. This suggests the value is driven more by the land location, the new build status, and the prestige of the address than by sheer size. The home offers modern construction in a classic area, without the premium square footage that many neighbouring properties command.
Who it suits: Buyers who want a relatively low-maintenance, newly built home in a sought-after central Winnipeg neighbourhood, without paying for the largest house on the block. It may appeal to those who prioritize location and a newer structure over expansive living space or a large yard. Less obvious: It could also suit someone who plans to renovate or add square footage on a lot that’s already in a high-value area—the land-to-value ratio may offer more flexibility than it first appears.
Frequently Asked Questions
1. Why is the assessed value so high if the house isn't that large compared to others nearby?
Assessed value reflects market factors including location, age, and condition. In Wellington Crescent, a 2019 build is rare, and the property benefits from being on a desirable street with strong overall demand. The value is less tied to square footage and more to the combination of a new home in an established, high-value area.
2. How does the living area compare to typical homes in Winnipeg?
It’s slightly above the citywide average of 1,342 square feet, ranking in the top 35%. But within the neighbourhood, it’s below average—many nearby homes are over 2,300 square feet. So it’s a compact house for the area, not a compact house overall.
3. Is the lot size a drawback for this property?
It depends on your needs. The lot is average for Cordova Street and the city, but small relative to the Wellington Crescent average. For someone wanting a large yard, it may feel tight. For someone who values less upkeep and a newer home, the lot size is practical and typical for the street.
4. What does the neighbourhood analysis map show?
It lets you compare this property to nearby homes on a map, side by side, looking at year built, living area, assessed value, and lot size. It’s useful for understanding how this home fits into the immediate block, beyond the broader rankings.
5. Does the “top 5% citywide” assessed value mean it’s overpriced?
Not necessarily. It means the assessed value is high relative to most Winnipeg homes. Given the age of the house and the location, that ranking is consistent with other new builds in high-demand neighbourhoods. It’s a signal of premium positioning, not an automatic red flag.