Property Overview
720 Renfrew Street is a standout property in Winnipeg’s Mathers neighbourhood, distinguished by its generous proportions and strong comparative metrics. Built in 1957, the home sits on a large, approximately 9,050 sqft lot, which is notably larger than most in the immediate area and citywide. With 1,919 sqft of living space, it offers significantly more room than the average local home. Its assessed value of $63,300 positions it firmly among the top-tier properties in its peer group.
The appeal here lies in the combination of space and established value. This isn't just an average post-war home; it's one that outperforms its neighbours in key tangible categories like lot size, living area, and assessed value. It suits a buyer looking for a property with inherent room to grow—whether that means enjoying expansive outdoor space, planning future additions, or simply having a home that already offers above-average square footage in a mature neighbourhood. It’s particularly suited for those who value privacy and potential over a brand-new build, and who understand that a high assessment relative to local averages can be a marker of a solid, enduring investment.
Frequently Asked Questions
What does the "Elite" or "Top X%" ranking actually mean?
These rankings compare this specific property against similar homes on its street, in the Mathers neighbourhood, and across Winnipeg. For example, being in the "Top 6%" for living area on Renfrew Street means 94% of comparable homes on that street are smaller. It's a data-driven way to show this home's standout characteristics.
The assessed value seems low compared to the sold price range from 2020. Why is that?
Municipal assessed value for tax purposes is often significantly lower than market value and doesn't reflect current sale prices. The 2020 sold price range of $450k-$500k is a much more accurate indicator of the home's market value. The key takeaway from the assessment data is that it ranks highly compared to neighbours, indicating the property is consistently valued above average by the assessor.
Is a 1957-built home a concern?
The year built (1957) is around or slightly above average for the area. While it means buyers should expect age-appropriate maintenance, it also places the home in an era of generally solid construction and on a mature lot that is much larger than what’s found in newer subdivisions. The focus should be on the condition of major systems (roof, wiring, plumbing) rather than the age itself.
How useful is the large lot size?
A 9,049 sqft lot in this area is a significant asset. It provides ample yard space, greater privacy from neighbours, and potential for landscaping, gardening, or recreational additions. It also may offer future potential, subject to zoning, for additions like a garage, workshop, or expanded living space that smaller lots cannot accommodate.
How can I find out the exact historical sold price?
The precise sale prices are not publicly displayed in detail due to data licensing. The listing service provides a range, but you can request the exact sold price history by emailing them directly. They provide this as a manual, no-obligation service.