Property Overview
This well-situated 1958 one-storey home at 1703 Selkirk Avenue presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key appeal lies in a combination of a generous, above-average lot size for the street and a recently renovated basement, offering immediate livable space. The detached garage adds functional value. With a modest 936 sqft main living area, the home is efficiently sized, reflected in its manageable assessed value. It last sold in 2017 for $240k, a price point that was above average for Selkirk Avenue but below the wider Winnipeg average, highlighting its neighbourhood-specific value.
This property would suit first-time buyers or practical investors looking for a solid entry point into the market with a ready-to-use basement suite or family space. It also appeals to those who prioritize land size over a large house footprint, potentially for gardening, pets, or future expansion. The data suggests it's a newer home compared to many on its street and in the immediate area, which may mean fewer major age-related issues upfront.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal, secondary suite. This is a crucial point to verify with the seller and the city, as it impacts rental income potential, insurance, and safety compliance.
2. How does the lot size compare practically?
At 4,197 sqft, the lot is in the top 29% on Selkirk Avenue—significantly larger than the street average. This means more outdoor space than most nearby properties, but it's still around the neighbourhood average and below the city-wide norm.
3. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not market value. Its lower city-wide ranking reflects the home's modest size and the neighbourhood's market position. The 2017 sale price of $240k is a more relevant, recent market indicator.
4. What might the "above average" year built mean for maintenance?
Built in 1958, the home is newer than most on its street and in Burrows-Keewatin. This can be an advantage, potentially indicating updated core systems (like wiring or plumbing) compared to much older homes, though a full inspection is still essential.
5. Who would this property not suit?
It may not fit buyers seeking a large, modern interior without renovation work, as the main living area is compact. Those sensitive to street noise or preferring a quiet cul-de-sac might find the Selkirk Avenue location less ideal.