Property Overview & Key Characteristics
This one-and-a-half storey home on Selkirk Avenue, built in 1907, presents a classic Winnipeg character property with practical potential. Its key appeal lies in its balance of a modest, manageable footprint and a lot size that is generous for the central neighbourhood. With 904 sqft of living space and a 3,275 sqft lot, it offers a grounded entry point into homeownership. The detached garage adds functional value, while the unrenovated basement signals an opportunity for future customization.
The property suits first-time buyers or pragmatic investors looking for a solid foundation without a premium price tag. Its assessed value is notably below the citywide average, which may appeal to those focused on land value and future potential rather than immediate luxury. A thoughtful perspective here is the home’s age: while it requires an older-home mindset for maintenance, it also represents a piece of local history with the sturdy construction of its era. Its lot size is above average for Burrows Central, offering more outdoor space than many nearby properties—a subtle advantage for gardening, expansion, or simply having room to breathe.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1907 home?
This style usually features a main floor with principal rooms and a second floor under sloped ceilings, often with cozy bedrooms in the eaves. It’s a efficient, compact layout common in early 20th-century Winnipeg.
2. The assessed value seems low compared to the city average. Why is that?
The assessed value reflects the property’s value relative to similar homes in its immediate area and is used for calculating property taxes. It is not a market price. This assessment is in line with older, smaller homes in the Burrows Central neighbourhood, indicating lower annual tax obligations.
3. How significant is the lot size?
At 3,275 sqft, the lot is larger than many in the central part of the city. This provides valuable extra outdoor space and is a key asset, as land is often a driving factor for long-term value in established neighbourhoods.
4. What should I consider with an unrenovated basement?
An unrenovated space offers a blank canvas but requires a thorough inspection for moisture, foundation integrity, and necessary updates to plumbing or electrical systems before finishing. It represents both potential and a future project.
5. The home is older than most on the street. Is that a concern?
It requires a buyer comfortable with the character and upkeep of a historic home. While systems may need updating, homes from this period were often built with durable materials. A specialized inspection is highly recommended to understand the condition of the structure, wiring, and plumbing.