Property Overview: 683 Renfrew Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in J.B. Mitchell presents a practical opportunity with notable value. Built in 1955, its 1,048 sqft living area is typical for the street and neighbourhood, but its true standout features are its above-average assessed value and generous 6,158 sqft lot size. This suggests the property holds inherent value, possibly due to its condition, specific location on the street, or recent improvements like the noted renovated basement. The detached garage adds practical utility.
The appeal lies in its balanced profile: it’s not the largest home, but it offers a substantial lot in a mature neighbourhood, which could provide space for gardening, expansion, or simply more privacy than newer subdivisions. It suits a first-time buyer or downsizer looking for a manageable single-level layout with a renovated basement for extra living space, or an investor attracted by a property whose assessed value ranks well above local averages—a potential indicator of solid fundamentals.
A less obvious perspective is that a home with an assessed value significantly higher than area averages (top 17% on its street) might reflect specific upgrades or a desirable micro-location that isn't immediately apparent from basic metrics. This could mean less immediate work for a buyer or a stronger value retention.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value actually mean?
The assessed value of $45,700 ranks in the top 17% on Renfrew Street. This indicates the municipal assessment—used for calculating property taxes—is higher than most comparable neighbours, which can sometimes reflect favourable updates, lot attributes, or a premium position within the area.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the lot size compare?
At over 6,000 sqft, the lot is larger than most in both J.B. Mitchell (top 22%) and on Renfrew Street itself (top 30%). This is a key asset, offering more outdoor space than many nearby properties.
4. What is the typical price history for this home?
Public data shows a sale in July 2019 in the $36.5k-$39.5k range. The exact sold price is available upon request from the listing provider. The current assessed value is notably higher than that last sale price.
5. What are the implications of a 1955 build date?
The age is typical for the area. While it means potential for older home maintenance (roof, windows, systems), it also comes with the established character, mature landscaping, and larger lot proportions common in neighbourhoods of that era.