Property Overview: 881 Selkirk Avenue
Key Characteristics & Appeal
This two-storey home, built in 1909, presents a compelling mix of vintage character and practical space. Its primary appeal lies in its generous 1,635 sqft living area, which ranks within the top 3% of homes in the Burrows Central neighbourhood, offering significantly more interior room than most local comparables. The lot size of 3,014 sqft is around average for the street and area, providing decent outdoor space.
The home’s assessed value is notably above average for its immediate vicinity, reflecting its larger footprint. However, its sale history shows it last sold in 2022 for $350k, a price that was among the highest on the street at the time. This suggests buyers see value in the home’s scale and potential, despite its age and an unrenovated basement. It lacks a garage and a pool.
This property would suit a value-conscious buyer or investor looking for a spacious canvas in a central Winnipeg neighbourhood. It’s ideal for someone who prioritizes interior square footage over modern finishes and is prepared for the maintenance or gradual updates typical of a century-old home. The appeal is practical: you are paying primarily for substantial living space in a established area.
Frequently Asked Questions
1. What does “unrenovated basement” typically mean for a house of this age?
It usually indicates the original foundation, flooring, walls, and mechanical systems. While it offers potential, it may also require assessment for moisture control, insulation, and updating of electrical or plumbing components.
2. The assessed value is much lower than the 2022 sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and is calculated using a different formula. The sale price is a clearer indicator of what the market was recently willing to pay for this specific property’s unique characteristics.
3. How significant is the lack of a garage?
This is a key consideration for Winnipeg winters. Buyers should budget for alternative parking and winter plug-ins, or explore the feasibility and cost of adding a garage or carport to the lot.
4. The home is much older than area averages. What should I consider?
While the structure has proven its durability, systems like wiring, plumbing, and heating may need upgrading to modern standards. A thorough inspection is essential to understand the condition of the original materials and any previous updates.
5. The living area is elite for the neighbourhood, but the lot is average. What does this mean?
It indicates the house occupies a larger portion of the lot. This maximizes indoor space but can limit options for large exterior additions, decks, or landscaping. The focus here is squarely on the interior volume of the home itself.