917 Selkirk Avenue

Property Overview

This one-storey home on Selkirk Avenue presents a straightforward, value-oriented opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1911, it sits on a standard city lot of just over 3,000 sq ft. The 925 sq ft living space is compact and functional, featuring a detached garage and an unrenovated basement. Its most defining characteristic is its accessible price point, reflected in a recent sale price and an assessed value significantly below city averages. This isn't a move-in-ready showcase, but a practical foundation.

The appeal here lies in its potential and position as an affordable entry into the market. It suits buyers looking for a low-cost footprint to customize over time, such as handy first-time homeowners or investors seeking a rental property with a manageable initial outlay. It's a property where the value is in the land and the structure, not in modern finishes. A thoughtful perspective is that its below-average metrics for the city represent insulation from broader market volatility, offering a stable, modest base in an area where the local averages for lot size and living space are more aligned with the home's own proportions.

Frequently Asked Questions

What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, lacking modern finishes. Buyers should budget for potential updates to insulation, moisture management, or layout to suit their needs.

How significant is the difference between the sale price and the assessed value?
The sale price being lower than the assessed value is not uncommon for older, unrenovated homes and can indicate a market-adjusted price. It's important to review recent comparable sales for a true current value.

Is the detached garage a standard feature for homes of this era?
Yes, for many early 20th-century homes in Winnipeg. It offers useful storage or workshop space, though it may require maintenance or updating.

What are the considerations for a home built in 1911?
While offering solid construction, key points for due diligence include the condition of the foundation, roof, wiring, and plumbing. The age also presents an opportunity to add character through thoughtful restoration.

How does this home's size compare to others in the immediate area?
Its living area is fairly typical for Burrows Central, where many homes are of a similar vintage and scale. The lot size is also around the neighbourhood average, offering standard outdoor space for the area.