Property Overview: 1553 Selkirk Avenue, Winnipeg
Key Characteristics & Appeal
This 1979 bi-level home at 1553 Selkirk Avenue presents a practical and value-oriented opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key appeal lies in its standout condition and recent updates relative to its immediate area. The home features a renovated basement and an attached garage, with a living area (1,189 sq ft) that is notably above average for both the street and the wider neighbourhood.
The data reveals a compelling narrative: while the lot size is typical for Selkirk Avenue, the property is exceptionally modern compared to its local peers, ranking in the top 3% for year built in Burrows-Keewatin. More strikingly, its assessed value is in the elite top 1% for both the street and neighbourhood, suggesting it is a well-maintained or improved outlier among comparable properties. It recently sold for $30,500, which is above the local average sale price.
This home would suit a first-time buyer or an investor looking for a solid, move-in-ready foundation in North Winnipeg without a premium city-wide price tag. It’s also a smart fit for those who value a home that is newer and in better condition than most in its immediate vicinity, offering a sense of modern comfort in an established area.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm its permitted use with the city and their inspector.
2. Why is the assessed value so high compared to neighbouring properties?
The assessment being in the top 1% locally strongly indicates significant updates, improvements, or superior condition that have been formally recognized, justifying its value above older or less-maintained nearby homes.
3. What is the significance of the home’s "above average" year built rank?
In a neighbourhood where many homes are much older (average year built circa 1953), a 1979 build date means potentially fewer issues with outdated building materials, electrical systems, or foundations, offering more modern construction standards.
4. Are the sale price and assessed value aligned?
The home sold for $30,500, which is above the local average sale price but well below its $40,800 assessed value. This is not uncommon and can be influenced by market conditions, the specific nature of the sale, and the different methodologies used for assessment versus market valuation.
5. What is the parking situation?
The property includes an attached garage. Given the home is on a main artery (Selkirk Avenue), the garage provides valuable secure and convenient parking.