Property Overview: 14 Cornell Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1965, presents a practical opportunity in the established Fort Richmond neighborhood. With 1,482 sqft of living space and a recently renovated basement, it offers functional space for a family. The lot size of 6,379 sqft is notably above the city-wide average, providing generous outdoor space relative to many Winnipeg homes.
The primary appeal lies in its value positioning. The home's assessed value is below average for its immediate street and neighborhood, which can signal an entry point into a desirable area or represent a property with untapped potential. It suits buyers who prioritize lot size and location over turn-key perfection—ideal for a handy homeowner comfortable with gradual updates, or an investor seeking a property with solid fundamentals in a stable community. Its "around average" size and vintage suggest it's a straightforward, no-frills home where the value is derived from the land and location rather than high-end finishes.
Section 2: Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
A below-average assessment can stem from several factors, including the home's specific condition, layout, or features relative to updated homes on the same street. It doesn't necessarily reflect the property's market value but can influence property taxes.
2. What are the implications of a 4-level split design?
This style, common in its era, offers good separation of living spaces and can be energy-efficient. However, the multiple short flights of stairs may not suit those seeking single-level living or with mobility concerns.
3. The home last sold in 2019. What should I consider?
Given the sale was several years ago, significant changes in market conditions and possibly the property itself have occurred. It’s crucial to investigate any renovations, maintenance, or issues addressed since that time.
4. How does the above-average lot size benefit a buyer?
A larger lot in an older neighborhood like Fort Richmond offers more privacy, space for gardens or recreation, and potential for future additions like a garage or deck, which can be a long-term value driver.
5. The data shows "renovated basement." What details should I ask for?
Always request specifics: when the renovation was done, whether permits were obtained, the quality of materials used, and if it addressed foundational moisture or insulation issues common in basements of this age.