Property Overview
833 Renfrew Street is a 1,040 sqft bungalow built in 1957, situated on a 5,057 sqft lot in Winnipeg’s Mathers neighbourhood. With an assessed value of $360,000, it last sold in 2024 for an estimated $300,000–$350,000.
Key Characteristics & Appeal
This home presents a solid, middle-of-the-road opportunity in a mature neighbourhood. Its primary appeal lies in its relative affordability and practicality. The living space is modest but functional, ranking around the city-wide average for its peer group. A notable characteristic is its year of construction (1957), which is newer than many homes on its own street, suggesting potentially fewer immediate updates compared to older neighbours.
The property suits first-time buyers or practical downsizers looking for a straightforward home without extreme highs or lows in its metrics. Its value is grounded in being unexceptional but competent across key measures—lot size, living area, and assessed value all hover near the median for the area and city. This makes it a lower-risk option for those seeking a stable entry into the market, rather than a standout project or premium lot. The recent sale also provides clear, contemporary pricing context for buyers.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is consistently around average for Renfrew Street in living area, value, and lot size. Its main differentiator is being built slightly newer than the street average.
2. Is the assessed value in line with the recent sale price?
Yes. The 2024 sale price range ($300k–$350k) falls below the current $360k assessment, which is common. The assessment is very close to the city-wide average for comparable homes.
3. What does the "below average" ranking for Mathers mean?
For living area and lot size, this home ranks in the bottom 30% within the Mathers neighbourhood specifically. This indicates it is a more compact property compared to many others in the immediate area, which may appeal to those seeking lower maintenance.
4. Can I get the exact sale price?
The provider offers to supply the exact sale price manually via email upon request, stating they aim to reply by the end of the same day.
5. What are the potential upsides of a property with such average rankings?
Average rankings across the board often indicate a stable, predictable investment. There’s less risk of overpaying for an outlier feature, and resale may appeal to the broad middle of the market. Its newer build year relative to the street could also imply better underlying infrastructure.