365 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,947 sqft home on Selkirk Avenue sits on a 3,546 sqft lot and was built in 1933. Its standout feature is living space: it ranks in the top 5% on its street and in the William Whyte neighbourhood, and the top 12% city-wide. That’s nearly 800 sqft more than the street average. The assessed value is $120,000—well below the street average of $193,800 and far below the city-wide average of $390,100. The year built (1933) is close to the neighbourhood norm, and the land area is slightly below the street average but above the neighbourhood average.
The appeal here is straightforward: significant interior space at a low assessed value. For a buyer who needs room to spread out—whether for a large family, a home-based business, or multi-generational living—this property offers square footage that is unusual for the area at this price point. The low valuation also suggests possible wiggle room for renovation or sweat equity, if the buyer is comfortable with an older home that may need updating. It would particularly suit buyers who prioritize physical space over a trendy location or move-in-ready finishes, and who are open to working within a neighbourhood that is still developing rather than already established.
Frequently Asked Questions
1. Why is the assessed value so low compared to the living area?
Assessed value reflects market conditions, condition, and location, not just square footage. The property is in a lower-priced neighbourhood (William Whyte) and the building is nearly a century old. The low value relative to size suggests the home likely needs significant updates or is in an area where demand hasn't yet pushed prices up.
2. How does the lot size affect usability?
At 3,546 sqft, the lot is slightly smaller than the street average but above the neighbourhood average. It's not a deep city lot—likely more of a standard urban footprint. This is fine for a single-family home with a modest yard, but don't expect sprawling outdoor space. The trade-off is less maintenance.
3. Is a 1933 home a concern for maintenance?
Not necessarily a dealbreaker, but it's worth a thorough inspection. Homes from that era often have solid materials (old-growth lumber, plaster walls) but may need updated electrical, plumbing, insulation, and windows. The fact that it's in the top 23% of year-built in the neighbourhood suggests many nearby homes are older, so age alone isn't unusual here.
4. Who typically buys in William Whyte?
The area attracts a mix of first-time buyers, investors looking for affordable entry points, and renovators. It's not a high-demand neighbourhood city-wide, but it offers lower barriers to ownership. Buyers here often trade prestige for space or potential appreciation over time.
5. What's the resale potential for this kind of property?
Resale depends heavily on what you do with it. If you renovate and bring the condition up, the large living area could become a major selling point. If left as-is, the buyer pool will be smaller—likely limited to investors or those specifically seeking a fixer-upper. The low assessed value gives a cushion, but don't expect rapid appreciation without improvements.