Property Overview: 102 Cornwall Boulevard, Jameswood, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1957 on a standard 5,000 sqft lot in Winnipeg's Jameswood neighbourhood. Its primary appeal lies in its position as an accessible entry point into the market. With a living area of 884 sqft, it is notably smaller than most comparable homes in its immediate area and across the city, which typically average over 1,000 sqft. This is reflected in its assessed value, which ranks well below average for the street and neighbourhood.
The property would suit first-time buyers or investors seeking a lower-priced foothold in a stable area, with the understanding that the home may require updates or an expansion to meet modern space needs. A less obvious perspective is its potential as a long-term hold; its older construction date is actually above average for Jameswood, suggesting it sits on a well-established street. For the right buyer, the smaller structure on a decent lot could represent a future opportunity to renovate or rebuild, making the current price a premium for the land rather than the existing footprint.
Frequently Asked Questions
1. Is this a small house?
Yes. At 884 sqft of living area, it is smaller than most homes on its street, in Jameswood, and across Winnipeg. This is the key factor in its below-average assessed value.
2. Why is the assessed value so much lower than the citywide average?
The assessed value of $26,300 is based on the property's specific characteristics—primarily its smaller size and older construction—compared to others. It ranks in the bottom 20% of homes citywide for value, aligning with its more modest square footage.
3. What does the "Elite" ranking for Year Built mean?
This can be confusing. It doesn't mean the home is luxurious. It indicates that, at 69 years old (built in 1957), it is among the newer homes in the Jameswood neighbourhood, where many homes were built around the same time or earlier. It suggests a mature, established streetscape.
4. Who would this property be best for?
It's best suited for a budget-conscious first-time buyer comfortable with a smaller space, or an investor looking for a rental property at a lower entry cost. It may also appeal to someone viewing it as a land play with an existing structure.
5. How does the lot size compare?
The 4,999 sqft lot is slightly below average for Cornwall Boulevard and Jameswood, but is very close to the average lot size across the entire City of Winnipeg. It provides a standard outdoor space for the area.