Property Overview: 978 Selkirk Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a straightforward opportunity in Winnipeg’s Dufferin neighbourhood. Its key appeal lies in a combination of modest scale and a proportionally generous lot. With 840 sqft of living space, the house itself is compact, ranking below average in size for the area. However, the 4,424 sqft land parcel is notably larger than many neighbouring properties, offering valuable outdoor space and potential.
The home’s assessed value is relatively high for Dufferin, placing it in the top 18% of the neighbourhood, which may indicate its perceived value is tied more to its land than its current structure. It features a detached garage and an unrenovated basement. This property would best suit a practical buyer looking for a foothold in the market—perhaps a first-time homeowner comfortable with a smaller living footprint who values a larger yard, or an investor seeking a property where the land is a significant asset. Its unrenovated state suggests it’s a candidate for updates, appealing to those with renovation plans or who prefer to customize over time.
Frequently Asked Questions
1. Is the house smaller than others nearby?
Yes. At 840 sqft, the living area is below the average for both Selkirk Avenue and the wider Dufferin neighbourhood.
2. Why is the assessed value high for the area?
While the house is modest, its assessed value of $19.7k ranks well above the Dufferin average. This is likely attributed to its larger-than-average lot size, which is a key value driver.
3. What does "unrenovated basement" typically mean?
This usually indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and include a thorough inspection to assess its condition and any moisture concerns.
4. Who might this property not suit?
It may not suit buyers seeking immediate move-in condition or who require more interior space without undertaking a significant expansion or renovation project.
5. What is the significance of the lot size?
The 4,424 sqft lot is a standout feature, offering more private outdoor space than many comparable properties. This provides room for gardening, recreation, or future additions like a shed or deck, and is a long-term asset in a developed neighbourhood.