Property Overview: 764 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Renfrew Street in Mathers presents a compelling mix of space, value, and potential. Its most standout feature is the exceptionally large lot—over 9,300 square feet—which places it in the top 3-4% of properties on its street and in the neighborhood. This offers rare potential for gardening, expansion, or simply enjoying generous private outdoor space in the city.
The house itself, built in 1958, is newer than many in the immediate area. With just over 1,100 square feet of living area, it is comparably sized to nearby homes. The assessed value of $460,000 is notably above the local average, suggesting the property is viewed as a premium offering on its street, likely due to the lot size and condition.
This property would suit a buyer looking for a solid home in a mature neighborhood who prioritizes land over a large interior footprint. It’s ideal for someone with a vision for outdoor living, potential future renovations, or who simply values extra privacy and space around their home. The above-average assessment also indicates it could be a strong hold for an owner who values stable, long-term equity in a well-regarded location.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value really mean?
While the home's living area is average for the area, its assessed value is in the top 16% on its street. This premium is primarily driven by its elite-sized lot and likely the home's condition or updates, as assessed by the city.
2. Is the large lot a benefit or a burden?
It's a significant benefit for privacy, recreation, or expansion, but it also means higher property taxes relative to smaller lots on the street and more yard maintenance. For the right buyer, the advantages far outweigh these costs.
3. The home sold between 2020-2025. What can that price history tell me?
The recorded sale in the range of $400k-$450k around 2020, followed by a current assessed value of $460k, suggests the property has held its value well in recent years. Requesting the exact sale price can provide a clearer benchmark for its appreciation.
4. How does the 1958 build year compare?
Built in 1958, this home is actually newer than many of its immediate neighbors. This can be an advantage, potentially meaning fewer issues with very old infrastructure found in some pre-war homes, while still offering classic, solid construction.
5. Who are the most likely neighbors or comparable buyers?
Given the profile, likely neighbors are established residents and families who have been in the area for some time. The property would appeal to a buyer who appreciates a settled community and is less concerned with a brand-new build, instead valuing the character and space that mature lots provide.