Property Overview: 667 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-situated one-storey home built in 1955, offering a practical footprint of 946 sqft on a near 5,000 sqft lot. Its key appeal lies in its solid positioning within its immediate community of J.B. Mitchell. The home’s assessed value and living space are squarely around the average for Renfrew Street itself, suggesting it’s a typical and affordable entry point into this established neighbourhood. A renovated basement adds functional living space.
The property would suit first-time buyers or downsizers seeking a manageable home without extensive upkeep, and who value a sense of community stability over a brand-new build. A thoughtful perspective is that while the home is below area averages for size, its lot size is competitive, offering potential for future expansion or outdoor enjoyment—a valuable asset not immediately apparent from the living area alone. Its last known sale was nearly a decade ago, indicating a potentially long-term, stable ownership history.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
Statistically, it’s very representative of Renfrew Street. Its living area, assessed value, and lot size all rank close to the middle when compared directly to its 309 neighbours, meaning you’re getting a home that is typical for the street, not an outlier.
2. Is the assessed value a reliable indicator of the listing price?
The assessed value of $360k provides a municipal benchmark for taxation, but market conditions ultimately set the price. It’s noteworthy that this assessment is around the city-wide median, yet below the average for the broader J.B. Mitchell area, which may reflect the home’s more compact size.
3. What does the sold price history from 2017 tell us?
The previous sale price range (approximately $235k-$265k) in 2017 is useful for understanding past market value, but it’s essential to consider nearly a decade of market changes since that transaction.
4. Are there opportunities for expansion or renovation?
The lot is a meaningful asset at nearly 5,000 sqft, which is above average for the immediate street. This provides a tangible advantage for potential future additions, a larger garden, or outdoor living space that isn't reflected in the home's current square footage.
5. What are the practical implications of a "renovated basement"?
While specific details aren’t provided, a renovated basement typically adds valuable functional space for utilities, storage, or additional living areas. It’s a significant feature that enhances the livability of a sub-1,000 sqft main floor plan.