225 Selkirk Avenue – Property Summary
Key Characteristics & Appeal
This is a 1,632-square-foot home on a sizeable urban lot that stands out for its generous interior space and land area. At 3,655 square feet, the lot is in the top 10% for the William Whyte neighbourhood, offering more outdoor room than most nearby properties. The living area is also notably larger than average on the street and in the area—ranking in the top 9% and 11% respectively—giving it a feel of space that’s uncommon in this price range.
The trade-off is age and condition reflected in the numbers. Built in 1901, it’s among the older homes in the city (top 99% for age), and its assessed value of $128k is well below the citywide average of $390k, though roughly in line with the neighbourhood average. This creates an opportunity for buyers who are comfortable with an older structure and see potential in a home that offers square footage and land at a lower entry point. It would suit someone looking for a fixer-upper, a renovation project in a central neighbourhood, or a buyer who values interior and yard space over modern finishes and low upkeep.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value is below the average for the street ($193.8k) and far below the citywide average, but it sits close to the neighbourhood average of $149.1k. This suggests the home is priced in line with its immediate area, not undervalued relative to peers on Selkirk Avenue.
2. Is the home’s age a major concern?
Yes, it’s a 1901 build, which places it among the oldest homes in Winnipeg. Older homes often have outdated systems (electrical, plumbing, insulation) and may require significant upgrades. However, age can also mean solid construction and character details not found in newer builds. A thorough inspection is essential.
3. How does the lot size compare to other properties in the city?
At 3,655 sqft, the lot is slightly smaller than the citywide average of 6,570 sqft, but it’s large relative to the neighbourhood (top 10%). It offers more yard space than most nearby homes, which is a plus for gardening, outdoor storage, or future additions.
4. What kind of buyers typically look at a property like this?
Buyers who are handy or open to renovations often consider older homes with large lots and generous living areas. It may also appeal to investors looking for a rental property in an area with below-average entry costs, or to first-time buyers who want more space than a condo but are flexible on cosmetic condition.
5. How reliable are the ranking and average data shown?
The rankings are based on comparable homes within each scope (street, neighbourhood, city). They use median benchmarks, so they give a good sense of where this property sits relative to peers. However, they don’t account for specific conditions like recent renovations, layout quirks, or lot shape—so treat them as a starting point, not a final verdict. For a closer look, the neighbourhood map analysis provides side-by-side comparisons with nearby houses.