Property Overview: 768 Renfrew Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Renfrew Street in the Mathers neighbourhood presents a distinct value proposition centered on its generous lot and established character. Built in 1958, the 912 sqft house sits on an exceptionally large, 8,833 sqft lot—ranking in the top 10% for land size both on its street and within the wider area. This offers significant outdoor space and potential not commonly found in the city. While the living area is modest compared to local averages, the property’s assessed value is notably above average for the immediate vicinity, suggesting the land contribution is a major factor.

Its primary appeal lies in this land-to-building ratio, ideal for buyers who prioritize private outdoor space, gardening, or future expansion over a large existing footprint. It suits a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who sees value in the underlying asset and is comfortable with a home that may require updates. A less obvious perspective is that a property with a high assessed value relative to its street, yet with a smaller house, can indicate a neighbourhood in transition, where land value is appreciating. This could appeal to those looking for a foothold in a stable, established area with long-term potential.

Section 2: Frequently Asked Questions

1. How does the lot size compare to a typical city lot?
The lot is approximately 8,833 sqft, which is about 40% larger than the Winnipeg city-wide average for comparable homes. It ranks in the top 9% citywide for land area.

2. The house seems smaller than others nearby. Is that a concern?
The living area is 912 sqft, which is below the average for Mathers. This reflects a more compact home but is balanced by the substantial lot. It may suit those wanting lower maintenance interior space with ample outdoor room.

3. What does the assessed value being "above average" for the street indicate?
With an assessed value ranking in the top 18% on Renfrew Street, it suggests the municipal assessment sees greater value here than in most neighbouring properties. This often correlates with factors like lot size, condition, or improvements.

4. When was it last sold, and for roughly how much?
The property sold in 2022, with a public data price range of CA$450,000 to $500,000.

5. How can I find out the exact historical sale price?
The exact sold price is not published in the public data. You can request it directly via email from the listing source, which provides this detail manually without using your email for marketing.