Property Overview & Key Characteristics
This one-storey home at 578 Renfrew Street presents a solid, no-frills opportunity in Winnipeg's J.B. Mitchell neighbourhood. Its primary appeal lies in a combination of a generous, above-average lot and a home that has been thoughtfully maintained relative to its peers. With 1,086 sqft of living space, the house itself is about average for the area, but it sits on a notably large 7,394 sqft parcel of land, offering ample outdoor space and potential. A key feature is the renovated basement, adding functional living area. The detached garage provides practical storage or workshop space.
The data reveals a compelling perspective: while the home's size is typical, its assessed value ranks in the top 10-13% for the immediate area, suggesting it is perceived as a well-kept or improved property among comparable homes. Furthermore, its 1959 build date is newer than most in J.B. Mitchell, ranking in the elite top 2% for the neighbourhood, which can imply more modern construction standards or updates. This property would suit a first-time homebuyer, a downsizer looking for single-level living, or a value-oriented buyer who prioritizes land size and sees potential in the solid foundation and above-average condition the metrics indicate.
Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means the municipal assessment for this home is higher than most similar properties on its street and in J.B. Mitchell. This often reflects renovations (like the updated basement), better overall condition, or desirable attributes that the assessor has noted, but it also influences property tax calculations.
2. Is the lot size a significant advantage?
Yes. At over 7,300 sqft, the lot is substantially larger than the average for both the street and the city. This offers more privacy, yard space for gardening or recreation, and future potential for additions or landscaping projects that aren't possible on standard lots.
3. The home sold recently in 2024. What does the price history indicate?
The sold price in late 2024 was significantly higher than the price from 2016, showing appreciation. More importantly, the 2024 sale price placed the home in the top 5-11% for the area at that time, confirming a pattern of it commanding a premium compared to neighbourhood peers.
4. As a one-storey home built in 1959, what should I consider?
The newer build date for the area is a plus, potentially meaning fewer issues common to older Winnipeg homes. However, a thorough inspection is still essential to assess the condition of the original components, the quality of the basement renovation, and updates to major systems like plumbing, electrical, and insulation.
5. Who are the typical neighbours or buyers in this area?
J.B. Mitchell is an established, no-frills residential neighbourhood. Buyers here often prioritize practicality, space, and value over high-end finishes. It attracts a mix of long-time residents, young families seeking affordability with space, and investors looking for stable rental properties.