Property Overview & Appeal
This home at 885 Renfrew Street presents a solid, mid-century bungalow in Winnipeg's Mathers neighbourhood. Its key characteristics are balance and consistency. With 1,111 sqft of living space and a 6,156 sqft lot, it sits comfortably around the average for its street, area, and the wider city, meaning it’s neither unusually large nor small. A notable point is its year of build (1958), which is newer than many homes on Renfrew Street, potentially suggesting fewer immediate concerns with aging infrastructure. The assessed value is modest and ranks well locally, indicating a historically affordable entry point into the market.
The appeal lies in its straightforward, no-surprises profile. It’s a home for practical buyers—first-time homeowners, downsizers, or investors—who value a stable, established neighbourhood over flashy features. The lot size offers good outdoor potential for a city property. A thoughtful perspective is that this kind of "average" metric profile can represent a lower-risk purchase, as the home is unlikely to be over-improved or an outlier, making its value and utility easier to gauge and maintain.
Frequently Asked Questions
1. Is this a good value compared to the area?
The data suggests it is competitively positioned. Its assessed value ranks in the top 31% on its own street and top 46% in the Mathers area, indicating it is viewed as a solid value relative to direct neighbours.
2. What does the sold price history tell us?
Public records show it last sold between $300k-$350k in 2016. This provides a historical benchmark, but for the exact sale price to inform your offer, you must request it directly from the listing service.
3. How does the age of the home (1958) affect things?
Being built in 1958 is actually newer than many homes on the block. This could mean updated core systems compared to older neighbours, but a thorough inspection is still essential for a home of this vintage.
4. Who would this property suit best?
It’s well-suited for pragmatic buyers: first-timers seeking an affordable starter home, investors looking for a stable rental property, or downsizers wanting a manageable lot and living space without premium costs.
5. What are the less obvious considerations?
The home’s metrics are consistently "around average." This can be a strength (lower risk, easier resale) but may also mean it lacks standout features that drive rapid appreciation. Your investment would hinge more on the neighbourhood's overall stability than on the property's unique attributes.