Property Summary: 496 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the J.B. Mitchell neighborhood stands out for its generous scale and established value. Its primary appeal lies in its substantial living space of 2,252 sq ft, which ranks in the top 2% of homes on Renfrew Street and the top 1% within the neighborhood itself. This makes it a notably spacious offering for the area. The property is supported by a renovated basement and a detached garage, situated on a standard-sized lot.
The home’s assessed value is consistently elite compared to its immediate peers, indicating a strong, recognized worth above the local average. Built in 1954, it is a character home of its era, typical for the street. This property would best suit buyers looking for ample interior space in a mature neighborhood without needing a sprawling yard. It’s a practical choice for those who value room to grow over a brand-new build, and its high percentile rankings suggest a sound investment relative to the local market.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in May 2024 for between $755,000 and $785,000, which is significantly higher than its $661,000 assessed value. This indicates a strong market demand that exceeded the formal valuation at the time of sale.
2. Is the living space typical for J.B. Mitchell?
No, it is quite exceptional. With 2,252 sq ft, this home’s living area is in the top 1% for the neighborhood, where comparable homes average about 1,121 sq ft. You are getting substantially more interior space than most local offerings.
3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This is a key point for a buyer to investigate directly to understand the quality, layout, and potential for a secondary suite or living area.
4. How does the lot size compare?
At 5,749 sq ft, the lot is slightly above average for the J.B. Mitchell neighborhood but around the citywide average. It offers a standard urban yard size—sufficient for privacy and recreation but not an unusually large parcel.
5. Why is the year built (1954) considered "around average"?
The ranking shows the home’s age is very typical for its context. Most homes on this street and in this wider city cohort were built in the mid-20th century. Buyers should expect the character and potential maintenance considerations of a well-built 70-year-old home.