Property Overview: 623 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in J.B. Mitchell presents a practical and value-conscious opportunity. Its key characteristic is a recently renovated basement, adding functional living space to the 946 sqft footprint. Built in 1956, the house is typical for its street but stands out for its above-average assessed value within the immediate neighbourhood, suggesting it may be in better condition or have more desirable features than many nearby comparables. The detached garage offers additional storage or workshop space.
The appeal lies in its position as a solid, no-frills property in an established area. It suits first-time buyers seeking an entry point into the market, practical homeowners who value a turn-key basement renovation, or investors looking for a manageable rental property. A less obvious perspective is that a home with an above-average assessment for its specific area, yet with a living area below neighbourhood averages, can indicate efficient use of space and potential for maintained or updated core systems, offering a sensible balance between investment and livability.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value relative to the street actually mean?
It indicates that the city's assessment of this property's value is higher than most homes on Renfrew Street. This often reflects factors like the renovated basement, overall condition, or lot desirability compared to its direct neighbours.
2. Is the living space too small?
At 946 sqft (plus the renovated basement), it is below the average for both the street and Winnipeg. It would suit buyers comfortable with efficient, single-level living or those who plan to utilize the basement as a key living area.
3. What is the significance of the sold price range from 2020?
The listed range (36.5k-39.5k) is based on public data algorithms. To understand the exact sale price and any subsequent value changes, you must request the precise history. This step is crucial for accurate offer preparation.
4. What are the implications of a house built in 1956?
While the structure is older, the renovated basement is a positive update. Buyers should still prioritize inspections for era-appropriate components like plumbing, electrical, and the foundation, which may be original or require attention.
5. How does the detached garage affect the property?
It provides valuable extra storage or workshop space separate from the house, a feature not always available with older homes. However, its condition and whether it is insulated or heated should be considered.