Property Overview: 680 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in J.B. Mitchell is defined by a compelling contrast: a modest, renovated 772 sqft house on a significantly large, 7,854 sqft lot. Its living space is well below average for the street, neighbourhood, and city, positioning it as a compact, efficient dwelling. However, the property’s standout feature is its land. The lot size ranks in the top 15% on Renfrew Street and an elite top 2% within the J.B. Mitchell neighbourhood, offering substantial outdoor space that is rare for the area.
The appeal lies in this potential. It suits a practical buyer who sees the renovated basement and efficient main floor as a solid foundation, but values the exceptional lot as the primary asset. This could be perfect for someone with long-term expansion plans, a desire for extensive gardening, outdoor recreation, or even future subdivision, subject to zoning. It’s also a strategic entry point into the neighbourhood, offering a lower assessed value relative to the city average, which may translate into a more accessible purchase price and property taxes. The buyer best suited here is value-oriented, sees potential beyond the current square footage, and prioritizes land over a large existing footprint.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
While the living area is compact at 772 sqft, the renovated basement provides additional space. The layout and functionality of the renovated areas would be key. For some families, the trade-off for a huge private yard might outweigh smaller indoor quarters.
2. What makes the lot size so significant?
At nearly 7,900 sqft, the lot is far larger than typical properties nearby. This isn't just a big yard; it represents tangible equity in land and offers uncommon possibilities for privacy, additions, or landscaping that simply don't exist in newer subdivisions.
3. How does the assessed value compare?
The home’s assessed value is below average for its immediate street and neighbourhood, but interestingly, sits closer to the city-wide average. This suggests the significant land value is balancing the lower value of the dwelling itself in the assessment.
4. Are the past sold prices relevant?
The sold price ranges from 2016 indicate a historically lower-value property, but the market and the home itself (with renovations) have likely changed since. They are best used as a very general historical benchmark, not a direct indicator of current value.
5. What should I consider about the neighbourhood?
J.B. Mitchell is an established area with homes primarily from the 1950s. The property’s lot size is a major outlier here. Research typical amenities, traffic patterns on Renfrew Street, and long-term community plans to see if the neighbourhood’s character aligns with your vision for this unique property.