Property Overview: 707 Renfrew Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in J.B. Mitchell offers solid, above-average space for its neighbourhood. With 1,354 sqft of living area, it provides more room than many comparable homes on its street and in the immediate area. A key feature is the renovated basement, adding functional living space. The property includes a detached garage and sits on a standard city lot of approximately 5,500 sqft.

The primary appeal lies in its established location and practical layout. The home’s assessed value and living area consistently rank in the top quarter against nearby peers, suggesting a property that holds its own in the local market. It’s a classic post-war build from 1955, representing a chance to own a character home with updated fundamentals. This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout without sacrificing interior space, or an investor attracted by the renovated basement’s potential for rental income or a mortgage helper. It’s for those who value a quiet, mature street over a brand-new build, and see the detached garage as a valuable asset for storage or projects.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
Quite favorably. Its living area is in the top 14% on Renfrew Street and top 12% in the J.B. Mitchell neighbourhood, meaning it offers more interior space than most direct comparables.

2. What does the “renovated basement” entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified through a viewing and inspection. It’s an important feature that adds liveable square footage.

3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $43,600 is for municipal tax purposes. The last known sold price range (2020) was $40.5k-$43.5k, but market conditions have changed. Always rely on a current market evaluation from your agent.

4. What are the implications of a 1955 build?
You’re buying a mature home. This means potential for classic charm and established landscaping, but also necessitates thorough inspections for aging components like the roof, plumbing, and electrical systems, even with a renovated basement.

5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this information manually via email upon request, at no cost or marketing obligation.