Property Overview: 550 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in J.B. Mitchell offers a practical and spacious footprint on a generous lot. Its key strength lies in offering above-average space and land relative to its immediate neighborhood. With 1,265 sqft of living area and a 7,266 sqft lot, it ranks in the top 20-30% of comparable homes on its street and in the area for both size and assessed value. The home, built in 1955, features a renovated basement and a detached garage.
Its appeal is grounded in value and potential. It suits buyers looking for a solid, established home with room to grow, garden, or simply enjoy more outdoor space than is typical. The above-average lot size is a standout feature, offering privacy and possibilities not always found in mature neighborhoods. It would particularly suit first-time buyers seeking a manageable single-level layout, or practical-minded homeowners who prioritize indoor and outdoor space over a more modern build date. The home’s consistent above-average rankings in key metrics suggest a property that has been maintained as a solid investment within its community.
Frequently Asked Questions
1. What does the "above average" ranking actually mean for a buyer?
It means that compared to similar homes on Renfrew Street and in the J.B. Mitchell area, this property has more living space, a larger lot, and a higher assessed value than most of its direct peers. This often indicates a well-maintained home in a stable location.
2. The home was built in 1955. What should I consider?
While the structure is sound and the basement has been renovated, a home of this age will likely have original components, such as windows, plumbing, or electrical systems, that may require updating or have been partially updated over time. A thorough inspection is advised.
3. How usable is the large lot?
The nearly one-sixth of an acre lot is a significant asset. It provides ample space for gardening, recreation, or future additions like a shed or deck. It also typically means greater distance from neighbors compared to newer subdivisions.
4. Why is the city-wide assessed value comparison so different?
The assessed value is compared within specific peer groups. While the home ranks well above average for its street and neighborhood, the city-wide comparison includes a vast range of property types and values, making a direct numerical average less relevant than its strong standing in its immediate context.
5. How can I find out the exact past sale prices?
Exact sale prices are not publicly displayed in detail here. You can request the precise historical sold price data by emailing the listing service directly through the provided link; they commit to providing this information manually without using your email for unsolicited marketing.