Property Overview & Key Characteristics
This 1957-built, one-storey home on Renfrew Street is defined by its generous, mature lot and its position in a well-established neighbourhood. The primary appeal lies in the land itself—a 7,735 sqft property that ranks in the top 4% for lot size within its immediate area, offering significant outdoor space and potential in a central location. The house presents a straightforward, 1,100 sqft living space with a basement and a detached garage, positioned as a solid entry point into the market or a longer-term project.
Its appeal is for the practical-minded buyer who values space and location over immediate modern finishes. The unrenovated basement and the home’s overall condition suggest it’s ideally suited for a hands-on purchaser looking to add value over time, or for someone seeking a lower entry cost to secure a large lot in a desirable area. A less obvious perspective is its potential for multi-generational living or flexible use; the sizable lot and single-level layout could accommodate additions or auxiliary units, subject to approvals. Compared to nearby references, its assessed value is moderate, positioning it as a more accessible option in the broader River Heights and Mathers areas while still offering one of the larger parcels of land on the street.
Frequently Asked Questions
1. What is the true draw of this property?
While the house is a functional, 1950s-era bungalow, the standout feature is the lot. At over 7,700 sqft, it is substantially larger than many in the city and offers rare potential for gardens, expansion, or outdoor living space that is hard to find at this price point in established neighbourhoods.
2. Who would this home suit best?
It’s an ideal match for a buyer comfortable with a project, whether that’s gradual updates or a significant renovation. It also suits those looking for a long-term hold, where the land value is a key part of the investment, or anyone needing a single-level floor plan.
3. The basement is listed as “not renovated.” What should I expect?
You should anticipate a basement in original or functional condition, likely with older finishes and mechanical systems. It provides valuable storage and space but will require investment to modernize or finish for living purposes.
4. How does the assessed value compare to similar homes?
At $330k, the assessment is in a middle range for the area. It sits below similar-sized homes on nearby streets like Brock or Campbell, but the value here is weighted more toward the land asset than the current state of the dwelling.
5. Is the neighbourhood more family-oriented or mixed?
The immediate area is a mix, with the property located near the border of several neighbourhoods (J.B. Mitchell, Mathers, River Heights). It offers proximity to schools and parks, but the very high lot-size ranking suggests a streetscape with varied home styles and sizes, appealing to a diverse community.