Property Overview: 824 Renfrew Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and established setting. Built in 1958, the house itself is modest in size at 816 sqft, placing it below average for living space both locally and city-wide. However, its true standout feature is the 7,627 sqft lot, which is significantly larger than most properties on the street and across Winnipeg, offering ample outdoor potential.
The appeal lies in this land-to-structure ratio. The assessed value is positioned around the local average, suggesting the pricing reflects the smaller home but may not fully capture the premium lot size for the right buyer. It last sold in the $350k-$400k range in 2024. This property would suit a practical buyer who values private outdoor space—for gardening, recreation, or future expansion—over a large interior. It’s also a candidate for those comfortable with a home that may require updates, seeing the value in the land and the established, quieter Mathers neighbourhood. A thoughtful perspective is that while the house ranks lower for size, its lot is a top-tier asset in a city where large, mature yards are increasingly rare, offering a long-term advantage that interior square footage cannot.
Frequently Asked Questions
1. Is the house too small?
At 816 sqft, the living area is below the average for the area. It would suit individuals, couples, or small families comfortable with a cozy layout, or those with plans to potentially expand the existing footprint in the future, thanks to the large lot.
2. What does the "above average" lot size actually mean?
The property’s lot of 7,627 sqft is larger than approximately 81% of lots on Renfrew Street and 87% of lots city-wide. This provides a substantial amount of private outdoor space compared to typical Winnipeg homes.
3. How does the assessed value relate to the likely selling price?
The assessed value is $35,300, which is around the local average. However, the 2024 sale in the $350k-$400k range is a more current market indicator. Assessments are for tax purposes and can differ from market value, which is influenced by recent sales, condition, and buyer demand.
4. What is the neighbourhood like?
Located in Mathers, it’s a mature, established neighbourhood. The rankings show homes here generally have smaller lots and are older than the city median, suggesting a well-settled, possibly quieter community with a mix of original and updated homes.
5. How can I find out the exact past sale price?
The public data shows a sold price range. The listing service notes that the exact sale price can be provided upon direct request via email, as they manually verify and share this detail to ensure accuracy.