Property Overview: 6 Selwood Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a well-maintained, single-storey home built in 1976, situated on a spacious, nearly 6,000 sqft lot in the Betsworth area. Its key features include a fully finished basement and an attached garage. The home’s standout characteristic is its strong performance in recent market activity, having sold for $529,000 in November 2024—a price that ranks it highly against recent sales in its immediate street, wider neighborhood, and across Winnipeg. This suggests it was a competitive and desirable property in its segment.
The appeal lies in its combination of a generous lot size, the practicality of a finished basement for extra living space, and its proven market value. It particularly suits first-time buyers or downsizers looking for a manageable single-level layout in a mature neighborhood, as well as value-focused buyers who prioritize land size and see potential in a home that has already demonstrated solid investment appeal through its recent sale performance.
Frequently Asked Questions
1. How does the recent sale price compare to the city assessment?
The home sold for $529,000 in November 2024, which is significantly above its latest assessed value of $370,000. This is not uncommon in active markets, where assessed values often lag behind current selling prices based on recent comparable sales.
2. What does the "ranking" data for the street and neighborhood mean?
This data shows how this property compares to others in specific categories. For example, its lot size ranks in the top 7% on its street, meaning it's larger than 93% of its direct neighbors. Conversely, its interior living space is more average for the area, ranking in the top 63% within the community.
3. Is the older building year (1976) a concern?
While the home is 50 years old, its recent sale at a competitive price indicates it was likely in good, move-in condition. Buyers should still prioritize a thorough inspection to assess the condition of major aging components like the roof, windows, and mechanical systems.
4. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or extensive recent renovations, given its age and traditional one-storey design. Those prioritizing a large interior footprint over lot size might also find the living space modest compared to the property's overall land area.
5. What is the significance of the large lot size?
The nearly 6,000 sqft lot offers valuable outdoor space for gardening, recreation, or future expansion (subject to zoning and permits). In mature neighborhoods, larger lots are a finite resource and often contribute significantly to a property's long-term value and appeal.