Property Overview: 27 Cornwall Boulevard, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Jameswood, built in 1957, presents a solid, no-frills opportunity. Its primary appeal lies in its strong positioning within its immediate neighborhood. The home boasts an above-average assessed value for both Cornwall Boulevard and Jameswood, suggesting it is viewed favorably compared to its closest peers. The living space, at 1,033 sqft, is also above the local street average. A key feature is the renovated basement, adding functional living space.
The property suits practical buyers looking for a home in a stable, established area without a premium price tag. It’s ideal for a first-time homebuyer, a downsizer, or an investor seeking a manageable property with a history of steady value. A less obvious angle is the lot size: at just under 5,000 sqft, it is smaller than most in Jameswood. This could mean lower maintenance, which is a perk for some, but may limit expansion possibilities for others. The detached garage offers classic convenience. Overall, this is a character home that trades flash for fundamentals, offering value rooted in its specific location rather than city-wide comparisons.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in early 2022 for an estimated $31.5k to $34.5k, which aligns closely with its current $33.4k assessed value. This suggests a stable market perception with no major, unexpected shifts in value over the past few years.
2. Is the smaller lot size a concern?
While the lot is below average for Jameswood, it is near the city-wide average. It requires less yard upkeep, which can be a benefit. However, it may limit the potential for large additions or extensive outdoor amenities, so it depends on the buyer’s priorities for space and maintenance.
3. What does "above average" for the year built mean?
Built in 1957, this home is older than most in Winnipeg. However, on its street and in Jameswood, it ranks highly because it is actually newer than many neighboring homes from the same era. This indicates it's in a mature, established part of the neighborhood.
4. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, the presence of proper permits, and whether it includes a legal secondary suite or additional bedrooms, as this significantly impacts value and utility.
5. How can I get the exact historical sale price?
The precise sale price is not published publicly. The listing service offers to provide it manually via email upon request, promising a reply by the end of the same day without using your email for unsolicited marketing.