Property Overview: 803 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This 1,100 sqft bungalow, built in 1956, sits on a near 5,000 sqft lot in the Mathers neighbourhood. Its core appeal lies in solid value and a balanced profile. The home's assessed value is notably strong, ranking in the top 20-30% when compared to similar homes on its street, in Mathers, and across Winnipeg, suggesting it is a well-regarded property for its type. While the living space is average for the area, the lot size is also comfortably typical, offering standard suburban space without being oversized.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a stable investment in a mature neighbourhood over flashy features. Its consistent above-average assessment, coupled with a clear history of appreciating sale prices (from the $250k-$300k range in 2016 to $500k-$550k in 2022), indicates a reliable asset. It’s a home for someone who sees a property as a long-term anchor, appreciating the quiet stability of a street where homes are largely from the same era.
Frequently Asked Questions
1. What does the "above average" assessed value actually mean for me?
It indicates the municipal property assessment is higher than most comparable homes. This generally reflects the city's view of the property's market value, which can be positive for equity, but it's also a primary factor in calculating your annual property taxes.
2. The home sold in 2022 and is now listed again. Is that a concern?
Not necessarily. While the reason for the quick turnaround isn't specified, the 2022 sale price range is a crucial, recent data point for establishing current market value. It provides a much more relevant benchmark than older sales.
3. How does the lot size impact future potential?
At just under 5,000 sqft, the lot is standard for the area. It provides ample yard space but may have limitations for major expansions or additions compared to larger lots. It's a manageable size for maintenance.
4. The home is older. What should I budget for maintenance?
Built in 1956, major components like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is essential, and budgeting for updates should be part of your financial planning.
5. How can I get the exact historical sale prices?
The listed prices are estimated ranges from public data. You can obtain the precise sale amounts by requesting them via email from the listing source, which they provide as a manual, no-spam service.