Property Overview: 39 Cornell Drive, Fort Richmond
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1965, situated on a generous 6,268 sqft lot in the established Fort Richmond neighbourhood. With 1,259 sqft of living space and a renovated basement, it offers practical, single-level living. The home’s primary appeal lies in its balance of space and value. While its living area and assessed value are below average for its immediate street and neighbourhood, the lot size is notably larger than the Winnipeg citywide average, presenting a relative rarity of land for the area. This creates a distinct value proposition: you are acquiring a property with above-city-average outdoor space in a convenient location, but in a home that is modest in scale and price point relative to its surroundings.
It would suit first-time buyers or downsizers seeking an entry into a stable, mature neighbourhood without a premium price tag. The single-storey layout is ideal for those looking for accessibility or simplicity. The renovated basement adds functional living space, appealing to those who need a flexible area for a family room, home office, or guests. This property is for the practical buyer who values land potential and location over a large or modernized interior, seeing the below-average assessments as an opportunity rather than a drawback.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $36,500) is for municipal tax purposes. The market value—what a buyer would pay—is determined by current market conditions and can be significantly higher.
2. What does the "below average" ranking for assessed value mean?
It means this home’s official assessed value is lower than most homes on its street and in Fort Richmond. This can indicate a potentially lower property tax burden compared to neighbours, but it often reflects the home’s more modest size and vintage relative to others in the area.
3. The lot is ranked "above average" citywide. Why is that important?
A lot size of 6,268 sqft is larger than typical for Winnipeg, especially in established neighbourhoods. This offers more private outdoor space, potential for gardening, additions, or future landscaping projects—a feature that is increasingly valuable and harder to find.
4. What are the implications of no garage?
Parking will be limited to the driveway. This is a common feature in older neighbourhoods and requires consideration for vehicle storage, visitor parking, and winter snow clearing. The large lot may offer room to add a garage in the future, subject to local bylaws.
5. How does the renovated basement affect the home's value?
A finished basement adds usable living space, which is a strong functional benefit. However, it's important to understand the scope and quality of the renovation, including permits, moisture control, and ceiling height, as these factors influence both value and livability.