Property Overview: 840 Renfrew Street, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot and established location. Built in 1959, it is notably newer than many immediate neighbours, potentially suggesting fewer age-related concerns. The primary standout feature is the 7,698 sqft lot, which is substantially larger than typical lots on its street and across the Mathers area, offering significant outdoor space and future potential.

Its appeal lies in this land value and its position as a more modestly-sized home (816 sqft living area) in a mature neighbourhood. It suits practical buyers looking for an entry point into a settled community, where the value is held more in the land than the current structure. It would be ideal for someone comfortable with a smaller interior footprint who prioritizes private outdoor space, or for an investor or builder who sees long-term potential in the sizable lot. The assessed value is consistently around the average for its locale, indicating a stable, un-inflated valuation.

Frequently Asked Questions

1. Is the smaller living area a concern?
While the 816 sqft home is below average in size for the area, this is reflected in its positioning. It appeals to those seeking lower maintenance or who plan to utilize the large lot for outdoor living or future expansion.

2. What does the "above average" year built mean practically?
Built in 1959, the home is newer than most on its block. This can imply updated infrastructure for its era, like electrical or plumbing, compared to homes built 10-20 years earlier, though a full inspection is still essential.

3. How significant is the large lot size?
The lot is over 30% larger than the street average. This not only allows for more privacy, gardens, or recreation space but can also provide more options for additions, redevelopment, or simply a greater sense of openness in an established neighbourhood.

4. The sold price history shows a range for 2023. What's the exact price?
The exact sold price is not publicly disclosed in the listing data. You can request it directly via the provided email service on the original property page for precise historical valuation.

5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home with modern, spacious interiors or those who do not wish to utilize or maintain a large yard. The value here is more foundational (land, location) than in immediate turn-key finishes.