Property Overview: 825 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This 1,144 sqft bungalow, built in 1957, sits on a generous 6,157 sqft lot in the Mathers neighbourhood. Its primary appeal lies in its strong value proposition and established setting. The home’s assessed value ranks consistently above average for its street, neighbourhood, and even city-wide, suggesting it is viewed favorably relative to its peers. The lot size is notably spacious compared to many city properties. While the living area is typical for the area, the combination of a larger lot and a solid assessment creates a foundation for potential equity growth.
The property would suit practical buyers looking for a home with room to breathe and possibly expand in a mature neighbourhood. It’s a fit for those who value a stable, no-frills investment in a house with good bones over a brand-new finish. A thoughtful perspective is that this home represents a "blank canvas" opportunity—its above-average rankings in key metrics like value and land, paired with its average living space, indicate a property where the value is in the asset itself (the land and structure) rather than in recent high-end upgrades. It’s a candidate for a long-term holder or someone willing to invest in renovations over time.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this property holds its own or excels in key comparisons. Its assessed value is in the top 18% on its own street and its lot size is in the top 28% city-wide, indicating it is a competitively positioned asset in the area.
2. What is the likely maintenance picture for a home of this age?
Built in 1957, major systems like the roof, plumbing, electrical, and foundation are likely at an age where they have been updated or may require evaluation. A thorough inspection is essential to understand the condition and any upcoming capital needs.
3. Is the sold price from 2022 a reliable indicator of current value?
The 2022 sale price (CA$450k–500k) is a historical data point. Current value is influenced by market conditions since then, the property’s present state, and recent comparable sales. It’s a useful reference, but not a definitive current price.
4. What does the "above average" assessed value mean for property taxes?
An assessed value that ranks above average for the area generally means your property tax bill will also be above the average for similar homes, as taxes are calculated based on this assessment.
5. How can I get the exact historical sold price?
The exact sold price is not published publicly. You can request it directly via the email prompt on the listing page. The service provider manually retrieves and sends the accurate figure, typically by the end of the same business day.