562 Renfrew Street

Property Overview: 562 Renfrew Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1956, stands out for its generous proportions and established location in J.B. Mitchell. Its primary appeal lies in its significant scale, offering over 2,300 square feet of living space, which places it in the top 1% of homes locally for size. This is complemented by a large, 7,325 sqft lot, providing ample outdoor space that is well above the neighbourhood average. The home features a renovated basement and a detached garage.

The property’s assessed value is notably high for the immediate area, ranking in the top 1% of J.B. Mitchell, which suggests it is viewed as a premium offering within the community. This isn't just a standard family home; it's a property that offers substantial interior and exterior space in a mature neighbourhood. It would best suit buyers looking for room to grow, who value established communities over new subdivisions, and who may see potential in a solid, larger home on a sizable lot. It’s a fit for those who prioritize space and location over a modern build date, understanding that a home from this era may come with maintenance considerations but also offers character and generous room sizes.

Frequently Asked Questions

1. How does the home’s size compare to others?
With 2,305 sqft of living area, this home is significantly larger than most. It ranks in the top 1% for size within both its immediate street and the broader J.B. Mitchell neighbourhood.

2. What does the high assessed value relative to the area indicate?
The assessment places the home in the top 1% of its neighbourhood for value. This typically reflects its much larger size and lot compared to nearby properties, positioning it as a premium home in the area.

3. Is the lot size a notable feature?
Yes. At 7,325 sqft, the lot is well above average for both Renfrew Street and J.B. Mitchell (top 10-25%), offering considerable outdoor space that is a rarity in many mature areas.

4. What should be considered about the home’s age?
Built in 1956, the home is older than many in the city. While the basement has been renovated, buyers should factor in the potential for updates to major systems like plumbing, electrical, or the roof, which is common for homes of this vintage.

5. How does the property rank for its key features?
The home earns "Elite" rankings for its living area locally and "above average" to "Elite" rankings for its lot size and assessed value within its neighbourhood. Its age is around the local average. This profile suggests a home valued for its space and land rather than being newly built.