1199 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1911-built home with 736 sqft of living space on a 2,500 sqft lot, currently assessed at $112,000. Across every metric—living area, land size, and assessed value—the property ranks below average compared to others on its street, in Shaughnessy Park, and across Winnipeg. The home is older (over 110 years) but falls roughly in the middle compared to other houses on Selkirk Avenue, where the average build year is 1938.
Where the appeal lies is in the entry point. The assessed value is significantly lower than both the street average ($193,800) and the neighbourhood average ($236,100), making this one of the more affordable properties in its immediate area. For a buyer who is comfortable with a smaller footprint and an older home, the lower cost can free up budget for renovations or allow for a lower monthly payment in a city where most comparable homes are valued much higher.
This property would suit a buyer who is looking for a starter home or an investment property in a well-established Winnipeg neighbourhood. It is less suited to someone who wants a move-in-ready space with modern finishes or a large yard. The lot is compact—about 1,200 sqft smaller than the street average—so outdoor space is limited. A buyer who is handy or open to taking on updates over time will find the most value here. The property’s age also means it may have original character details (e.g., trim, rooflines) not found in newer builds, which can appeal to those who appreciate early 20th-century architecture but understand the maintenance that comes with it.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $112,000 is well below the average for homes on Selkirk Avenue ($193,800) and far below the Shaughnessy Park neighbourhood average ($236,100). City-wide, the average for comparable homes is $390,100. This puts the property in the bottom 1% of assessed values across Winnipeg—essentially the most affordable tier.
2. Is the living area unusually small?
Yes, it is below the average on every level. The street average is 1,093 sqft, the neighbourhood average is 963 sqft, and the city-wide average is 1,342 sqft. At 736 sqft, this home is roughly 30–45% smaller than typical homes in these areas. However, smaller spaces can be easier to maintain and heat, which may offset some costs.
3. What is the condition of a home built in 1911?
The year built places it among the older homes on the street, but not unusually so—the street average is 1938. Over 110 years old, the home’s condition depends entirely on maintenance history. Buyers should expect potential issues with old wiring, plumbing, foundation settling, and insulation, and should budget for a thorough inspection before purchase. Original character may be present, but so may deferred upkeep.
4. How large is the lot, and is it considered small?
The land area is 2,500 sqft, which is below the street average of 3,730 sqft, the neighbourhood average of 4,021 sqft, and the city-wide average of 6,570 sqft. It ranks in the bottom 10% on its street and bottom 5% city-wide. This means limited outdoor space for gardens, parking, or additions, but also less yard work and lower property taxes relative to larger lots.
5. Would this property make a good rental or investment?
Possibly, but with caveats. The low assessed value creates a lower purchase price, which can improve cash flow if the property is rented out—but the small living area and older build may limit the rent you can command. The home’s below-average ranking in both condition metrics (age, size) means it may require ongoing capital expenses. For a buy-and-hold investor comfortable with a longer timeline and some hands-on involvement, the affordability could be an advantage. For someone seeking a turnkey rental with high returns, this likely isn’t it.