Property Overview & Appeal
This one-storey home on Selkirk Avenue is a classic Winnipeg character property, built in 1907. Its key appeal lies in a combination of historical charm and practical updates, situated on a larger-than-average lot. The home itself is compact at 710 sq ft, but it features a renovated basement, adding valuable functional space. A detached garage provides utility or storage. The data suggests a property with solid fundamentals: it ranks highly for its lot size, living area, and assessed value compared to most of Winnipeg, indicating a well-positioned asset in the broader market. It would particularly suit a first-time buyer, an investor, or someone seeking a manageable, character-filled home with outdoor space and modern essentials already addressed in the basement. The neighbourhood rankings show it as average for the immediate area, offering a grounded, value-oriented entry point into the market.
Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The rankings compare this home to others on its street, in Burrows Central, and across all of Winnipeg. While it's average within its immediate neighbourhood for lot size and value, it scores in the top tiers for Winnipeg overall in categories like lot size, age, and assessed value. This suggests you're getting a property that stands out in the city-wide market, even if it's typical for the local block.
2. The house is 710 sq ft. Is that too small?
The living area is compact, but the renovated basement significantly expands the usable space. This layout can be efficient for one or two people. The much larger lot (3,011 sq ft) also provides ample room for gardens, entertaining, or future expansion, which is a major compensating feature not reflected in the square footage of the house alone.
3. How much should I be concerned about the age (1907)?
The age grants character but requires a mindful approach. A thorough inspection is essential to understand the condition of original elements. The positive ranking for age (top 3% in Winnipeg) means it's among the older homes, which can appeal to those seeking historic charm. The key is that major systems, like the renovated basement, have been updated.
4. The assessed value is $15,100. Is that the purchase price?
No. Municipal assessed value is for tax purposes and is typically much lower than market value. The listing price is determined by the seller and current market conditions. The comparable properties listed (e.g., 947 Pritchard Ave at a $120k assessed value) clearly show that assessed value does not equal sale price.
5. Who would this property not suit?
It may not be ideal for a large family needing multiple bedrooms on one level, or for someone wanting a modern, open-concept layout without renovation work. Buyers seeking a home that ranks at the very top of its immediate neighbourhood for size or newness might also look elsewhere, as this property's strength is its city-wide value and lot potential.