Property Overview: 616 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on a large 7,538 sqft lot presents a solid opportunity in Winnipeg's J.B. Mitchell neighbourhood. Built in 1956, its key appeal lies in its generous land size, which ranks well above average for both the immediate street and the wider city. The 1,261 sqft living area is also notably spacious compared to most similar homes nearby. The property features a detached garage and a basement that is noted as being unrenovated.
Its value is grounded in space and potential. The lot offers room for expansion, gardening, or outdoor living—a relative rarity. The home itself is positioned as a comfortable, sizeable blank canvas. It would suit a practical buyer looking for a primary residence with room to grow, or an investor comfortable with a property that may require updates. The assessed value is consistent with the area, suggesting a fair market entry point. It’s a home for those who prioritize land and interior space over modern finishes, seeing the basement and overall condition as a chance to add value over time.
Frequently Asked Questions
1. How does the property’s size compare to others?
The living area is in the top 21% for the J.B. Mitchell area, meaning it’s larger than most comparable homes. More significantly, the land area is in the top 7% for the neighbourhood, offering a lot size that is well above the local average.
2. What is the condition of the basement?
The listing specifically notes the basement exists but is “not renovated.” Buyers should budget for potential updates and investigate its current state, including moisture protection and ceiling height, during viewings and inspections.
3. Has the house been recently sold?
Yes, it sold in October 2021 for a price range estimated between $40.5k and $43.5k. For the exact historical sale price, you can request the information directly via the listing platform.
4. Is the assessed value a good indicator of the listing price?
The assessed value of $41.3k is around the average for the street and neighbourhood. It serves as a baseline for municipal taxation, but the final listing or sale price will be determined by current market conditions, the property’s condition, and its desirable lot size.
5. What is the neighbourhood like for a home from this era?
J.B. Mitchell features many homes from the 1950s. This home was built in 1956, which is actually newer than many on its street and in the immediate area, potentially indicating slightly newer construction materials or layout for its time compared to direct neighbours.