Property Overview: 776 Renfrew Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a compelling mix of space, value, and potential. Its most standout feature is the exceptionally large lot—over 9,380 square feet—which places it in the top 3% of properties in the Mathers area. This offers rare potential for expansion, gardening, or outdoor living in the city. Built in 1958, the house is newer than many in its immediate neighbourhood, suggesting potentially fewer concerns with aging infrastructure. While the living area of 1,111 sq ft is average for the area, the assessed value is notably above average, indicating that the municipal assessment sees strong underlying value, likely tied to that premium lot.
The appeal lies in this land-to-building ratio. It’s a property where the true asset may be the ground itself, suited for someone who sees long-term value in land or has a vision for renovations or additions. It would best suit a buyer looking for a solid, mid-century home on a private, spacious lot, who is perhaps more focused on the property's future potential than on a move-in-ready perfect interior. The last known sale was between $350k-$400k in 2019.
Frequently Asked Questions
1. What does an "above average" assessed value mean for me?
A higher assessed value than neighbouring homes generally means the municipality sees greater taxable value in the property. This can indicate stronger resale value, but it also typically results in a slightly higher property tax bill.
2. The house is average-sized, but the lot is huge. What are the possibilities?
A lot of this size (over 9,380 sq ft) is uncommon in Winnipeg. It opens up possibilities not available with a standard lot, such as adding a large garage, workshop, or even a secondary dwelling (subject to zoning), while still maintaining ample yard space.
3. How can I find out the exact past sale price?
The provided sale price is a public data range. You can request the exact historical sale price by emailing the listing service directly via the "Get exact sold price history" button. They provide this as a manual, no-spam service.
4. The home is from 1958. What should I check for in an older home of this era?
While newer than many on its street, a 68-year-old home will still require a thorough inspection. Key focuses should be the condition of the original plumbing and electrical systems, the foundation, and the roof, even if they have been updated over the decades.
5. How does this property compare to others nearby?
You can view a detailed comparison with direct neighbours by opening the "neighbourhood analysis page" or map linked in the listing. This allows you to visually compare this home's lot size, year built, and value against those on the same block.