Property Overview
67 Cornwall Boulevard is a one-and-a-half storey home in Winnipeg's Jameswood neighbourhood. Built in 1958, it offers 937 square feet of living space on a roughly 5,200 sqft lot and features a renovated basement. The home does not have a garage or pool. Recent data shows it sold in May 2024 for between $355,000 and $385,000, with an assessed value of $303,000.
Key Characteristics & Appeal
This home presents a practical opportunity in a mature neighbourhood. Its core appeal lies in being a relatively affordable, updated entry-point into the Winnipeg market. The renovated basement adds functional living space, increasing its utility beyond its modest main-floor square footage. The lot size is standard for the street but offers potential for gardening or outdoor enjoyment.
Statistically, the home stands out for its age within its immediate area—it's among the newest on its block and in Jameswood, which can suggest more modern construction materials or layouts compared to neighbours. However, its living space is below average for both the neighbourhood and city, indicating a compact, efficient footprint rather than a sprawling one. The assessed value is strong for the street, hinting that updates and condition have been recognized.
This property would suit first-time buyers, downsizers, or pragmatic investors seeking a manageable home without major immediate renovations. It’s for someone who values a renovated interior and a established community over large square footage or garage parking. The buyer should be comfortable with the upkeep of an older home and creative with storage or parking solutions.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, legal egress, and whether it includes a bathroom or kitchenette to understand its true value and functionality.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Prospective buyers should assess the driveway space (if any) and on-street parking availability. The renovated basement may offset some storage concerns, but planning for vehicle storage in winter and general belongings is important.
3. The home sold very recently. Why is it back on the market?
The sale in May 2024 was very recent. This is a key question for the listing agent, as the reason could range from a simple change in the buyer's circumstances to financing falling through, rather than an issue with the property itself.
4. The assessed value is significantly lower than the recent sale price. Why?
Municipal assessments in Winnipeg often lag behind current market values and are used for tax purposes, not to set sale prices. The sale price reflects what a buyer was willing to pay in the 2024 market, which was likely influenced by the home's updated condition and low inventory.
5. Being "newer" than other homes on the street from 1958 seems unusual. What does this mean?
In an older neighbourhood, a 1958 home can indeed be among the newest. This typically means it may have design elements or building materials from a slightly later era, but it does not imply it's a new build. All major systems (roof, plumbing, wiring) are still nearly 70 years old and should be evaluated accordingly.