131 Selkirk Avenue

Property Overview: 131 Selkirk Avenue, Winnipeg

Key Characteristics & Appeal

This home at 131 Selkirk Avenue in North Point Douglas presents a specific and compelling value proposition. Built in 1930, it offers above-average living space (1,332 sq ft) for its immediate street and neighborhood, making it a relatively spacious option in the area. The lot size (4,142 sq ft) is also generous compared to local norms, offering potential for outdoor use or gardening. Its assessed value of $155K is consistent with the North Point Douglas area average but stands significantly below the city-wide average, highlighting its positioning as an accessible entry point into the Winnipeg market.

The appeal lies in its practicality for buyers seeking space and land without a premium city-wide price tag. It suits first-time homeowners, investors looking for a rental property, or buyers who prioritize interior and yard space over a newer build or a more central location. A thoughtful perspective is that this property represents a classic Winnipeg trade-off: it offers more physical assets (house and land size) for the money, but within a neighborhood that is part of the city's ongoing urban story. Its value is very much anchored in its local context rather than city-wide trends.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value ($155K) is for municipal tax purposes and is typically based on past market data. It can be a general indicator, but the actual selling price is determined by current market conditions, the property's state, and buyer demand. The last recorded sale was between $100K-$150K in March 2019.

2. What should I consider with a home built in 1930?
While the home is older than most in the city, it is around the average age for the North Point Douglas neighborhood. Prospective buyers should budget for a thorough inspection to understand the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may need updates or maintenance.

3. The lot is large for the area. What are my options?
The 4,142 sq ft lot is a standout feature. This allows for a sizeable backyard, space for additions like a shed or garage, or gardening. It's important to verify zoning bylaws with the city for any future development plans, such as building a secondary suite or adding structures.

4. How can I verify the exact past sale prices?
The site provides sold price ranges for context. For fully verified and exact transaction history, you must request a manual lookup from the site administrators, as they do not have access to or display MLS sales records.

5. What is the neighborhood like?
North Point Douglas is a historic, central neighborhood. As with any urban area, it's advisable to research current community initiatives, visit at different times of day, and review city planning updates to get a feel for the area's character and future. The property's value metrics are very strong within this specific local context.