Property Overview: 688 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Renfrew Street in the J.B. Mitchell neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of space, lot size, and relative modernity for the area. With 1,095 sqft of living space, the home sits around the average for its local market, but it is complemented by a recently renovated basement, adding functional space.
The standout features are less about the house itself and more about its position within the context of the street and neighbourhood. The 7,893 sqft lot is notably larger than most in J.B. Mitchell, ranking in the top 2% of the area, offering significant outdoor space or future potential. Furthermore, built in 1959, it is a newer construction compared to many neighbouring homes, which may suggest fewer immediate concerns with aging core components.
The property’s assessed value ranks above average for the immediate area, indicating it is viewed favorably relative to its peers. This home would suit a first-time buyer, a downsizer looking for a manageable single-level layout with a generous yard, or an investor attracted by the renovated basement suite potential (subject to verification) and the underlying value of a large lot in a stable neighbourhood.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is above average for both Renfrew Street and the wider J.B. Mitchell area, ranking in the top 23% and 22% respectively. This suggests the property holds a stronger perceived value than many comparable homes nearby.
2. Is the lot size unusual for this area?
Yes. The land area of nearly 7,900 sqft is a significant asset, ranking in the elite top 2% for the J.B. Mitchell neighbourhood. It offers substantially more outdoor space than the typical local property.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. Buyers should inquire about the nature of the renovation, whether it includes a legal suite, and if all work was permitted.
4. How old is this home compared to its neighbours?
Built in 1959, it is newer than the average home on its street and in J.B. Mitchell, ranking in the top 9% and elite top 2% for year built locally. This can be an advantage regarding the potential age of major systems like wiring or plumbing.
5. What was the last sold price?
Public data indicates a sale in November 2021 for an estimated range of $40.5k to $43.5k. For the exact historical sold price, you can request the information directly via the listing page.