Property Overview: 11 Selwood Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in Betsworth, built in 1976. Its primary appeal lies in its generous, nearly 6,000 sqft lot, which offers significant outdoor space and potential in a mature neighbourhood. With 1,335 sqft of living space, an unfinished basement, and an attached garage, it presents a straightforward layout typical of its era. The home's competitive rankings are notable: its lot size is in the top 7% on its street, and it sits on a larger parcel than 80% of homes in its immediate community. This suggests a premium in space and privacy relative to many nearby properties.
The property suits two main types of buyers. First, it's ideal for a practical homeowner or family looking for a solid starter or long-term home who values a large yard over a recently built house. The unfinished basement provides a blank canvas for future expansion or customization. Second, it appeals to value-conscious buyers or investors who see potential in the land and the fundamental structure. The fact that the home surpasses over half of all Winnipeg properties in both lot size and living area indicates a strong foundational value, even if the interior may require modernization.
A less obvious perspective is the home's "blank slate" potential. While 50 years old, its above-average rankings in core metrics like lot and living area size mean any thoughtful updates or expansions would be applied to an already competitive footprint, potentially yielding strong returns. It’s a property where the value is more grounded in its spatial equity and location than in current finishes.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in the Betsworth community, and across all of Winnipeg. For example, its lot size ranks in the top 7% on Selwood Avenue (very high) and is larger than 80% of lots in Betsworth, indicating a standout feature for the area.
2. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. It adds immediate utility for storage and mechanicals, but more importantly, it allows a new owner to finish it to their own taste and needs without needing to undo previous work, potentially adding significant future living space.
3. The home is 50 years old. What should I be most concerned about?
While systems and the roof may have been updated, a priority would be to check the age and condition of major components like the furnace, windows, and plumbing. The positive aspect is that construction from this period often features straightforward layouts and robust framing.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $369,000 is for tax purposes and is a historical snapshot. The market price is determined by current buyer demand, recent sales of comparable homes, and the property's condition. It serves as a baseline but not a guaranteed sale price.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a modern, move-in-ready home with no projects, or those who prioritize a brand-new build. The value here is in the space, location, and foundational metrics, with the understanding that some updates may be desired over time.