Property Overview: 86 Cornwall Boulevard, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home in Winnipeg's Jameswood neighbourhood, built in 1957. With 884 sqft of living space, it is notably smaller than most comparable homes in the immediate area, city-wide, and even on its own street. The lot is a standard suburban size at just under 5,000 sqft. There is no basement, pool, or garage.

The primary appeal lies in its value proposition and simplicity. With an assessed value of $270k, it sits well below the city-wide average for homes, representing a potentially lower barrier to entry into the Winnipeg market. Its age is a standout feature locally—it is among the oldest homes in Jameswood, which could attract buyers interested in a neighbourhood's original character or those seeing potential in a classic, uncomplicated floor plan. This home would suit a first-time buyer, a downsizer looking for minimal maintenance without stairs, or an investor seeking a straightforward rental property. It’s a practical choice for someone prioritizing location and lot over square footage, who is prepared to live efficiently or consider a thoughtful expansion in the future.

Frequently Asked Questions

1. Why is the living area so much smaller than nearby homes?
This is one of the original homes on the street, built in 1957 when floor plans were often more compact. Many neighbouring properties have likely been expanded or rebuilt larger over time, which is why this home ranks in the bottom 15-20% for size on its own street.

2. What does having "no basement" practically mean for storage and systems?
All living space is on the main floor, and utilities like the furnace and water heater will be in a closet or utility room. Storage will be at a premium, so creative use of the lot (like a shed) or purging belongings may be necessary. It also means no risk of basement flooding.

3. The home is older than most in Jameswood. Should I be concerned?
Its age puts it in the top 2% oldest in the neighbourhood. This isn't inherently negative but means a thorough inspection is crucial. Focus on the foundation, roof, plumbing, and electrical systems to understand their condition and any updates. Its classic build could also mean simpler, more durable construction.

4. How does the assessed value compare to recent sale prices?
The home sold in June 2022 for an estimated $245k-$275k. The current $270k assessment aligns closely with that sale range, suggesting the city's valuation is grounded in recent market activity. This provides a stable benchmark for property taxes and current value.

5. Who would this property NOT be well-suited for?
It would likely be a poor fit for a growing family needing multiple bedrooms and bathrooms, anyone requiring significant storage or workshop space, or buyers who prioritize modern, open-concept layouts without a renovation budget. The lack of a garage could also be a significant drawback for some.