Property Overview: 791 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This home at 791 Renfrew Street in the Mathers neighbourhood presents a solid, above-average value proposition within its local context. Built in 1958, it is notably newer than many neighbouring homes, which often translates to fewer concerns about the age of core components. With a living area of 1,069 sqft, the house offers a practical footprint that is very typical for the street and area, suitable for a small family, couple, or downsizer.
The standout characteristic is its assessed value, which ranks within the top 17% on its own street and top 26% in Mathers. This suggests the property is viewed favorably by assessors relative to its peers, potentially due to its condition, updates, or the specific lot. While the land size is slightly below the neighbourhood average, the overall data paints a picture of a well-situated, maintained property that outperforms many comparable homes in terms of perceived value.
Its appeal lies in this balance: it’s a move-in ready, established home in a mature neighbourhood without the premium price tag of a newer subdivision. It would suit a pragmatic first-time buyer seeking a fair deal, an investor looking for a stable rental property with solid fundamentals, or someone who values the character and established trees of an older area but prefers a home built in the later mid-century period.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means the municipal property assessment for this home is higher than most similar homes on its street and in Mathers. This can indicate that the assessor recognizes features like renovations, a premium lot location, or overall condition that add value compared to its neighbours.
2. Is the below-average land size for Mathers a concern?
The lot is still a generous 4,950 sqft. While it's smaller than the Mathers average, it is very close to the street average and is likely still ample for a garden, patio, and parking. It may mean less yard maintenance, which some buyers would see as a benefit.
3. The home last sold between 2016-2025 for an estimated $300k-$350k. Why is the assessed value so much lower?
Assessed value (currently $45,400) is for municipal tax purposes and is not the market value. Market value is what a buyer is willing to pay. The large difference between the past sale price and the assessment is normal in Winnipeg and reflects different valuation methods and timelines.
4. Given it was built in 1958, what major systems might need attention?
While newer than many area homes, a 68-year-old house will still have aging components. A thorough inspection is crucial to check the condition of the roof, plumbing, electrical wiring (ensuring it's not original knob-and-tube), and the foundation. The heating system and windows are also key points to evaluate.
5. How can I see exactly how this property compares to its immediate neighbours?
You can use the provided "Open neighbourhood map analysis" link. This tool visually compares this house to nearby properties on metrics like year built, lot size, and assessed value, giving you a clear picture of how it fits into the specific block.