38 Cornell Drive

Fort Richmond, Winnipeg

Property score

73.7

Good

Overall 73.7 · Older than most nearby homes

1,275 sqft (top 50%) · Built in 1967 (5 yrs older than avg)

Located in a high-income area with median household income of ~98k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 3 parks nearby

Living Area

Near average

10% smaller than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 61%Chinese · 13%

Past 10 years Fort Richmond sales snapshot (~80% of all data)

Sold Count

1,068

Median price

445k

$/sqft

$351/sqft

Avg build year

1972

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Property score

73.7 is composed by the two sections below.

Property Score

66.0Good
Living Area1,275 sqft66Good
Year Built196752Fair
Lot Size6,490 sqft81Excellent
Neighbourhood Sales Activity78Good

Community Score

85.3Excellent
Household Income84Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

Fort Richmond

How to read: Share of sales in each ~$50k price band for “fort richmond” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111014

Community deep dive

$98K

Median household income

$110K

Average household income

11%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

25%

Single-person households

27%

Families with children

Population, labour & age

Population (2021)605
Labour force participation rate64%
Median age40.8
Avg household size2.7
Unemployment rate7%
Population density3025 / km²

Households & income

Low income (LIM-AT, % pop.)11%
Single-person households25%
Couple families with children27%
Median household income (2020)$98K

Housing

Renter households11%
Condominium dwellings4%
Median dwelling value (owners)$388K

Diversity, education & language

Immigrants (share of pop.)26%
Visible minority39%
Bachelor's or higher (25–64)57%
Mother tongue (1st)English · 60%
Mother tongue (2nd)Chinese · 13%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,275 sqft
0255075100
Same streetBottom 32%Same areaTop 50%CitywideTop 43%
Same street · Cornell Drive
#19 / 28
Bottom 32% · Avg 1,383 sqft
Same area · Fort Richmond
#1,325 / 2,629
Top 50% · Avg 1,421 sqft
Citywide · Winnipeg
#84,379 / 194,458
Top 43% · Avg 1,342 sqft

Tax-Assessed Value

around average
426k
0255075100
Same streetTop 39%Same areaTop 42%CitywideTop 33%
Same street · Cornell Drive
#11 / 28
Top 39% · Avg 417.3k
Same area · Fort Richmond
#1,111 / 2,629
Top 42% · Avg 435.7k
Citywide · Winnipeg
#63,603 / 194,458
Top 33% · Avg 390.1k

Year Built

around average
1967
0255075100
Same streetTop 32%Same areaBottom 29%CitywideBottom 49%

Lot Size

above average
6,490 sqft
0255075100
Same streetTop 50%Same areaBottom 39%CitywideTop 23%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

38 Cornell Drive — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 330 m).

Search radius
🌳Parks3

Crime & Safety

Fort Richmond · WPS public data · 2026

Annual incidents

38

2026

vs. city avg

+29%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

55%

Sales History

Sold 10/2021CA$400k–450k
Sold price

Same street

Top 50%

Same area

Top 39%

City-wide

Top 33%

Related homes

Highlights & common questions: 38 Cornell Drive, Winnipeg

Property Overview: 38 Cornell Drive, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Fort Richmond presents a practical and grounded opportunity. Built in 1967, it features 1,275 sqft of living space and a renovated basement, complemented by an attached garage. The lot is a notable asset at 6,490 sqft, which is above the city-wide average, offering more outdoor space than many urban properties.

Its primary appeal lies in its solid, middle-of-the-road metrics. The home doesn't rank at the extreme top or bottom in its area for size, value, or year built, indicating a property that is comfortably in line with community norms. This stability can be attractive. The renovated basement adds modern livability without the need for immediate major updates.

This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature neighbourhood. It’s also a sensible fit for a value-oriented buyer who appreciates a larger lot for gardening, recreation, or future expansion potential, without paying a premium for a brand-new build. It’s a home for those prioritizing function, space, and location over high-end finishes or prestige.


Section 2: Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value is consistently around the average for both the immediate street and the broader Fort Richmond neighbourhood, suggesting it is fairly priced within its market context.

2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. We recommend inquiring about the finishes, the permit history, and whether it includes a separate entrance or legal suite potential.

3. Is the lot size a significant advantage?
Yes. While the home's living area is average, the land area is above the city-wide average. This means more private outdoor space than many properties, which is a less obvious but valuable asset for privacy, gardening, or future projects.

4. What are the implications of the 1967 build date?
The home is from an era of sturdy construction but will likely have original or aging core components. A thorough inspection of the roof, windows, plumbing, and electrical systems is advised to understand any upcoming maintenance.

5. Can I get the exact historical sale price?
Yes, but the precise figure is not published publicly. You can request the exact sold price history directly via the provided email service, which will be supplied manually at no cost and without marketing spam.

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