Property Overview: 1433 Selkirk Avenue
Key Characteristics & Buyer Appeal
This is a modest, one-storey home built in 1958 on a standard city lot in the Burrows-Keewatin neighbourhood. Its primary appeal lies in its straightforward, no-frills structure featuring a detached garage and a full, unrenovated basement offering storage or future potential. With 917 square feet of living space, the home is functionally compact.
The property’s standout characteristic is its value proposition within its immediate context. While its assessed value is below the Winnipeg citywide average, it ranks above average for both its street and neighbourhood, suggesting it represents a relatively solid investment for the area. The lot size is also notably larger than many on the same street. This creates an interesting dynamic: it’s a home that may feel average or small city-wide but sits on a desirable parcel of land in its local market.
This home would suit a practical, value-conscious buyer. It’s ideal for a first-time homeowner comfortable with a property that needs updates, an investor looking for a rental property with a stable assessment, or someone seeking an affordable entry into the Winnipeg market with the security of a detached garage and a larger-than-street-average lot.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should anticipate a raw or utility space requiring significant investment to finish, and should budget for professional inspection regarding moisture, foundation, and systems.
2. How does the assessed value compare to the last sale price?
The home was last sold in August 2019 for $25,100. Its current assessed value is $250,000. This substantial difference highlights a major market shift and reassessment, but the sale price is not a relevant indicator of current value.
3. Is the living space too small?
At 917 sq ft, the living area is below the city average but typical for the neighbourhood. The floor plan's efficiency will be key. The appeal here trades interior square footage for a larger lot and location-based value.
4. What does the "above average" ranking for the year built mean?
Built in 1958, this home is newer than most on its street and in Burrows-Keewatin. This can imply potentially fewer issues with very old plumbing, electrical, or foundations compared to neighbouring century-old homes.
5. Who might this property not suit?
It is not a match for buyers seeking a move-in-ready home, those needing significant finished space, or anyone unwilling to take on a project. Its value is anchored in its land and location rather than its current finishes or size.