591 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This property at 591 Selkirk Avenue offers a substantial living area of nearly 2,000 square feet—placing it in the top 5% of homes on its street and within its William Whyte neighbourhood. The assessed value, however, is significantly below both the street and neighbourhood averages, ranking near the bottom in all three scopes (street, area, and city). The house was built in 1903, making it one of the older properties locally, and sits on a land area of 3,485 square feet—about average for the street but above average for the neighbourhood, though still below the citywide median.
The appeal here lies in the combination of generous interior space and a low assessed value, which could translate to lower property taxes relative to similarly sized homes. The older construction may appeal to buyers looking for character, original details, or a renovation project. Given the low valuation and above-average land for the area, this property could suit investors seeking a value-add opportunity, first-time buyers wanting more space for less upfront cost, or anyone comfortable with an older home in a transitioning neighbourhood. It’s less suited to those prioritizing modern finishes, a newer build, or a large lot by city standards.
Five Possible FAQs
1. Why is the assessed value so low compared to similar homes?
Assessed value reflects the municipality’s estimate of market value based on recent sales, condition, and location. The low ranking here likely points to the home’s age (1903), possible deferred maintenance, or the street’s current market trends. It doesn’t necessarily mean the property is in poor condition, but it’s worth investigating the specific factors before making an offer.
2. How does the living space compare to other homes in Winnipeg?
At 1,960 square feet, this home is well above the citywide average for comparable residences (1,342 sqft), and ranks in the top 12% city-wide. For a buyer who values interior square footage over lot size or modern construction, this is a standout feature.
3. Is the land size small or large for the area?
Within the William Whyte neighbourhood, the lot is above average—ranking in the top 30%. But compared to Winnipeg as a whole, it’s below average (citywide median is nearly double at 6,570 sqft). That suggests you’re getting a decent-sized lot for the immediate area, but not a sprawling yard by broader city standards.
4. What should I consider with a home built in 1903?
Older homes often have solid construction and unique character, but may need updates to plumbing, electrical, insulation, or foundation work. The low assessed value could already factor in some of these issues. A thorough home inspection is essential, and you should budget for potential upgrades that might not be immediately visible.
5. How does this property compare to others on the same street?
On Selkirk Avenue, this home is in the top 5% for living area but ranks near the bottom for assessed value. That’s an unusual gap—most larger homes also carry higher values. It makes this property a potential outlier worth investigating further, especially if you’re looking for space at a relatively low tax and purchase cost.