Property Overview: 75 Cornell Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home is a standout property on its street, offering above-average space and value. Its key characteristics include a generous 1,703 sqft of living area—ranking in the top 4% on Cornell Drive—and a renovated basement, all on a sizable 7,041 sqft lot. Built in 1972, it is one of the newer homes in its immediate vicinity. The attached garage adds practical convenience.
The appeal lies in its established, quiet neighbourhood and its strong positional metrics. The home consistently ranks above average for living area, land size, and assessed value when compared to its street, neighbourhood, and the wider city. This suggests a property that has been maintained well and offers more substance than many comparable listings. The renovated basement immediately adds functional living space without the need for a major project.
This home would best suit practical buyers looking for a move-in-ready, spacious bungalow with room to grow. It’s ideal for small families seeking stability, downsizers who want single-level living without sacrificing space, or value-focused investors attracted by its above-average fundamentals and proven history of value appreciation.
Section 2: Frequently Asked Questions
1. How has the property’s value changed over time?
Based on available sales data, the home sold for between $35.5k-$38.5k in early 2016 and again for between $44.5k-$47.5k in early 2022, indicating a period of solid value growth.
2. How does it compare to other homes nearby?
It ranks exceptionally well on its own street. For living area and year built, it holds the #1 position out of 28 homes on Cornell Drive. It also maintains above-average rankings for size and value within the broader Fort Richmond area and citywide.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
4. Is the lot size a significant advantage?
Yes. At over 7,000 sqft, the lot is larger than most on its street and in the city overall. This provides valuable outdoor space, potential for gardening or recreation, and a greater sense of privacy.
5. What are the less obvious considerations?
While the home is newer than its direct neighbours, it is still over 50 years old. A thorough inspection of core systems (roof, plumbing, electrical) is advisable. Additionally, its strong rankings mean it may command a premium compared to nearby properties with similar bedroom counts but less square footage or smaller lots.