Property Overview: 30 Cornell Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property that presents a clear value proposition. Its key characteristic is its renovated basement, adding functional living space to the 1,212 sqft footprint. Built in 1965, the home sits on a notably generous 6,599 sqft lot, which is above average citywide and offers significant outdoor potential.
The appeal lies in its position as a relatively affordable entry point into a well-established neighbourhood. The data suggests it is priced below the average for both its immediate street and the broader Fort Richmond area, based on assessed value. This creates an opportunity for buyers who prioritize land size and a functional layout over a larger main-floor living area. The renovated basement is a key asset, offering flexibility for a recreation room, home office, or additional bedrooms.
This home would best suit first-time buyers, downsizers looking for single-level living without a tiny lot, or value-focused investors. It’s for those who see potential in the substantial yard and are comfortable with a home whose interior space is modest for the area but enhanced by a finished lower level. A less obvious perspective is that its below-average metrics for the street could indicate a quieter, more settled part of the block, away from any newer, larger infill developments.
Section 2: Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At over 6,500 sqft, the lot is larger than most in Winnipeg and is the home's standout feature. It provides ample room for gardening, play, expansion, or simply more private outdoor space than is typical.
2. How does the living space compare to nearby homes?
The above-ground living area is smaller than many neighbours on Cornell Drive and in Fort Richmond. However, the renovated basement significantly increases the usable square footage, making the overall functional space more competitive.
3. What does the sold price history indicate?
The home has sold twice in recent years (2017 and 2024). The increase in sale price over that period aligns with general market trends, showing steady appreciation. The most recent sale price range suggests it transacts below the area's average, consistent with its assessed value.
4. Are there any obvious drawbacks from the data?
The home has no garage, which is a consideration for vehicle storage or workshop space. The main floor living area is also on the compact side compared to local averages, so the layout and flow of the rooms would be an important factor to assess in person.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or those who require extensive main-floor square footage without relying on basement space. Families needing multiple dedicated bedrooms on one level or individuals prioritizing a turn-key, recently built home might find it less aligned with their needs.