Property Overview
This two-storey home at 18 Cornell Drive in Fort Richmond presents a practical opportunity in a well-established neighbourhood. Built in 1965, it offers 1,524 sqft of living space, which is notably above average for both its immediate street and the city overall. The property sits on a 6,489 sqft lot, providing generous outdoor space that is larger than most city lots. Key features include an attached garage and a renovated basement. Its assessed value positions it as a more accessible entry point within its local context.
The appeal lies in its space efficiency and lot size for the value. It suits first-time buyers or downsizers looking for a manageable, single-family home with room to breathe, without the premium of a newer build. A thoughtful perspective is that while the home is older, its above-average living area and lot size offer a foundation for customization that can be harder to find in newer, more densely packed subdivisions. It’s a property for those who prioritize interior and exterior space over a modern construction date, seeing potential in a solid, well-located structure.
Frequently Asked Questions
Is this a good value for the neighbourhood?
The data suggests it is competitively positioned. Its assessed value is below the average for both Cornell Drive and Fort Richmond, while offering more living space than most comparable homes nearby. This could indicate a value opportunity.
What does "renovated basement" typically mean for a 1965 home?
While specifics should be verified, in homes of this era, a renovated basement often means it has been finished into a livable space (e.g., rec room, bedroom) with updated flooring, walls, and lighting. It’s wise to inquire about the permit history and the quality of the renovation.
How does the lot size benefit me?
At over 6,400 sqft, the lot is larger than the city average. This provides more privacy, gardening space, and room for additions like a deck or shed than many newer properties. It’s a long-term asset that adds to the property's utility and appeal.
The home is older. What should I budget for?
While the basement has been updated, a home from the mid-60s may require attention to major aging components. Planning for potential updates to the roof, windows, or original plumbing and electrical systems over time is a prudent approach.
Who are the typical neighbours?
Fort Richmond is a mature, family-oriented community near the University of Manitoba. The mix includes long-term residents, university staff, and families. The street has a range of home ages and values, suggesting a stable, unpretentious atmosphere.