Property Overview
747 Renfrew Street is a well-situated home in Winnipeg’s Mathers neighbourhood, built in 1957. The property stands out for its above-average living space (1,171 sq ft) and assessed value within its immediate area, suggesting a home that offers more room and perceived value than many of its direct neighbours. It sits on a standard-sized lot of just over 5,700 sq ft. The home last sold between $350k–$400k in 2017.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positioning within its local context. On Renfrew Street itself, it ranks in the top 30% for living area, assessed value, and year built, meaning it is consistently larger, more recently built, and higher in value than most homes on the same block. This indicates a solid, potentially well-maintained property in a street of varied homes. Its generous lot provides ample outdoor space for a city property.
This home would suit a buyer looking for a established neighbourhood character without sacrificing interior space. It’s ideal for someone who values being above the local average in key metrics, suggesting a good foundation for long-term value. It could appeal to first-time buyers or downsizers seeking a manageable size with room to grow or garden, and who appreciate a home with a clear, stable history in a mature community.
Frequently Asked Questions
1. What does it mean that the home ranks "above average" on its street?
The rankings compare this home to 309 similar properties on Renfrew Street. Being in the top 27-28% for size, value, and age means it is objectively larger, more recently built, and has a higher assessment than about three-quarters of the homes it’s directly compared to on the same street.
2. How current is the price information?
The exact sold price is not publicly listed. The range provided ($350k–$400k) is from its last sale in 2017, based on public data. For the precise historical sale figure, you must request it directly via the provided email service.
3. Is the assessed value the same as the market value?
No. The assessed value ($42,200) is for municipal tax purposes and is typically much lower than market value. The city-wide comparison showing an average of $390k for similar assessed properties highlights this major discrepancy; market value is driven by recent sales, location, and condition.
4. How does the property compare to the wider city?
City-wide, the home is around average or slightly above for its lot size and assessed value peer group, but falls to the middle or lower half for living area and year built. This underscores that its primary advantage is within its immediate locale rather than against the entire Winnipeg market.
5. What are the next steps to learn more about the area?
You can open the detailed neighbourhood analysis map to see this property in geographic context, comparing year built, lot size, and value with nearby houses. This helps visualize the character and consistency of the surrounding area.