Property Overview: 940 Selkirk Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Dufferin presents a practical and affordable entry point into Winnipeg’s market. Its key characteristic is a renovated basement, adding valuable finished space to the 836 sqft main living area. Built in 1947, the house sits on a standard city lot of 3,875 sqft.
The appeal lies in its balance of updates and location-based value. While the living space is modest compared to city averages, the renovated basement increases its functional utility. The property’s assessed value of $180k is notably above average for the Dufferin neighbourhood, suggesting it may offer better-than-typical finishes or condition for the area. This is a home that prioritizes essentials—it has no garage or pool, but the core structure has been maintained.
This property would best suit first-time buyers or practical investors seeking a straightforward, no-frills home in a central location. It’s for someone who values a move-in-ready basement space over large square footage or modern amenities. The data indicates you’re paying more for the condition of this specific home relative to its immediate neighbours, rather than for land size or grandeur.
Section 2: Frequently Asked Questions
1. How does the renovated basement affect the living space?
The basement renovation adds functional living area not fully reflected in the main 836 sqft figure, effectively increasing the usable space. It’s a key feature that differentiates this home from others of similar size in the area.
2. Is the assessed value of $180k typical for this neighbourhood?
No, it’s above average. In the Dufferin area, this assessed value ranks in the top 23%, meaning it is assessed higher than most comparable homes nearby. This often points to recent improvements or better overall condition.
3. What does the sale history tell us?
The home last sold in January 2016 for $160k. The current assessed value of $180k is higher, which can reflect market changes, city assessment practices, or property improvements made since that last sale.
4. How does the property size compare?
The living area is below average for the city, neighbourhood, and even its own street. However, the lot size is fairly typical for the local area. Buyers should be comfortable with a cozier main footprint, offset by the finished basement.
5. What is the context of the "Year Built" ranking?
Built in 1947, the home is newer than many on its street and in Dufferin, but older than the typical Winnipeg home. This suggests a neighbourhood with established character and older infrastructure, but with this house being relatively newer among its immediate peers.