Property Overview: 1033 Selkirk Avenue
Key Characteristics & Appeal
This is a well-maintained, modern bi-level home built in 2009, offering a practical and low-maintenance living option in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its relative newness compared to most area homes; it ranks in the top 6% for year built on its street and the top 5% in the neighbourhood, meaning it likely requires fewer immediate updates or repairs than older counterparts. The home features a renovated basement and a detached garage, situated on a modest 3,012 sqft lot.
The living space is compact at 822 sqft, which positions it below the citywide average but close to the neighbourhood norm. This efficient layout, combined with a significantly lower-than-average citywide assessed value, points to a property with a manageable footprint and potentially lower property taxes. The sale history shows a stable value.
This property would suit first-time buyers or practical downsizers seeking a modern, move-in-ready home without a large yard to maintain. It’s also a sensible choice for investors or buyers prioritizing financial efficiency and newer construction over square footage, offering a modern asset in a neighbourhood of predominantly older homes.
Frequently Asked Questions
1. How does the lot size affect this property?
At 3,012 sqft, the lot is below average for both the street and the city, but typical for Burrows Central. This means lower exterior maintenance but limited space for expansions or large outdoor amenities.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the seller is necessary to determine if it’s developed as living space, a utility area, or both.
3. Why is the assessed value much lower than the citywide average?
The assessed value is based on municipal valuation formulas, which heavily factor in the home's modest size and the neighbourhood's overall market values. It reflects its standing within its local market context, not the city's higher-value districts.
4. Who might this home not be suitable for?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large private yard. The compact living area requires efficient use of space.
5. What is the significance of the 2009 build year in this area?
In a neighbourhood where comparable homes average from the 1930s, a 2009 build is a major distinction. It suggests modern building standards, newer major systems (like plumbing and electrical), and potentially better energy efficiency, reducing the risk of costly, unexpected repairs common in century-old homes.