Property Summary: 10 Selwood Avenue
Key Characteristics & Appeal
This 1976-built bi-level home in Betsworth sits on a spacious, nearly 6,000 sqft lot. Its key features include a finished basement and a detached garage. With 923 sqft of living space, it is a more compact home, which translates to manageable upkeep and utility costs. The property’s primary appeal lies in its solid land value and established, quiet neighbourhood. The data suggests it outperforms most homes on its specific street for lot size and age, indicating a well-situated property within a mature streetscape.
This home would suit first-time buyers or downsizers seeking an affordable entry into a stable neighbourhood without the burden of a large interior to maintain. It’s a practical choice for those who prioritize outdoor space and location over square footage, and who are comfortable with a home that offers potential to update and personalize over time. A less obvious perspective is that its strong street-level rankings for lot size and age, contrasted with more modest city-wide rankings, highlight a specific, hyper-local value—it’s a standout property on its block, offering a sense of space and permanence that may be harder to find in newer subdivisions.
Frequently Asked Questions
1. Is the finished basement included in the 923 sqft living area?
No, the 923 sqft figure typically refers to the above-grade living space. The finished basement provides additional usable rooms but is not counted in the official living area square footage.
2. What does the ranking data actually mean?
The rankings compare this property against others on the same street, in Betsworth, and across all of Winnipeg. For example, "in the top 7% on its street for lot size" means its lot is larger than 93% of its immediate neighbours, a sign of good relative value on that block.
3. The home is nearly 50 years old. What should I be concerned about?
While systems like roof, windows, and major mechanicals (furnace, water heater) may be at or beyond their typical lifespans, the age also means the home is in a settled neighbourhood with mature landscaping. A thorough inspection is key to understanding the condition and any upcoming maintenance.
4. Who might this property NOT suit?
It may not suit buyers needing significant interior space or modern, open-concept layouts, as the bi-level style and square footage indicate more compartmentalized rooms. Those seeking a "turn-key" home with all recent updates may also find work is needed.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $359,000 is for tax purposes and is based on mass appraisal techniques. It is a historical snapshot and a useful benchmark, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.