Property Overview
This 1959 two-storey home at 907 Renfrew Street in Winnipeg's Mathers neighbourhood presents a straightforward opportunity. Its key appeal lies in its generous 6,267 sqft lot, which ranks within the top 30% for size on the street, offering ample outdoor space uncommon for the area. The house itself is modest at 912 sqft of living space, and the basement is noted as unrenovated. With no garage and an assessed value significantly below many nearby comparables, this property is positioned as an entry point or a value-conscious project.
It would suit a first-time buyer comfortable with a home that may require updates, or an investor looking for a land-value play in a stable, established neighbourhood. The data suggests a property where the value is anchored more in its land and location than in its current structure, offering a clear canvas for personalization or future expansion.
Key Details & FAQs
- Year Built: 1959
- Living Area: 912 sqft
- Land Area: 6,267 sqft
- Basement: Yes (not renovated)
- Garage: None
- Assessed Value: $42,800
1. What is the neighbourhood like?
Mathers is a long-established, central Winnipeg neighbourhood. The property ranks in the top third for lot size within Mathers, suggesting it's on a larger, possibly more private parcel than many around it.
2. What condition is the home in?
The listing specifically notes the basement is not renovated. Given the age of the home and the assessed value relative to its size, buyers should anticipate a property that likely requires modernizing and budget for updates.
3. Why is the assessed value relatively low?
The assessed value of $42,800 is well below several listed comparables on different streets. This typically reflects the home's age, size, and condition rather than its location, and can indicate a lower property tax base, which is an ongoing cost savings.
4. What are the possibilities with such a large lot?
The lot is a standout feature. It offers potential for gardening, outdoor living space, or future expansion like an addition, garage, or shed, subject to local zoning bylaws.
5. How does this home compare to others on the street?
It ranks in the top 25% of Renfrew Street for assessed value, suggesting it is considered one of the more valuable properties on the block. However, it ranks in the bottom third for living area, highlighting the disconnect between the home's size and the perceived value of its lot and location.