691 Selkirk Avenue

691 Selkirk Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,210-square-foot home built in 1907 on a 3,010-square-foot lot in the William Whyte neighbourhood of Winnipeg. Its strongest feature is interior space: the living area ranks in the top 25% on the street and top 37% in the area, making it noticeably roomier than many nearby homes of similar age. The assessed value sits at $115,000, well below the street average of $193,800 and far under the citywide median.

The appeal here is pragmatic rather than flashy. You’re getting above-average square footage for a below-average price, which suggests potential for sweat equity or gradual renovation. The lot is compact by city standards, but land area is around average for the neighbourhood. The home is old—top 81% oldest on the street—so buyers should expect character details common to pre-war housing, along with possible maintenance needs.

This property suits buyers who prioritize space over cosmetic perfection, are comfortable with an older home’s quirks, and want to enter the market at a lower price point in an established neighbourhood. It’s less suited for someone seeking a move-in-ready, low-maintenance property or a large yard.

Frequently Asked Questions

1. Why is the assessed value so low compared to the street average?
The value reflects the home’s age, the relatively small land area (3,010 sqft vs. the street average of 3,730 sqft), and likely its condition or finish level. Assessed value is based on physical characteristics and recent sales of comparable properties, not just square footage.

2. How does "Top 25%" work in the rankings?
It means the home performs better than 75% of comparable properties on its street for that specific metric. For example, this home’s living area is larger than roughly three-quarters of the homes on Selkirk Avenue. The bars are relative to the peer group at each level (street, neighbourhood, city).

3. What does "around average" mean for the neighbourhood level?
It indicates the property falls near the middle of the distribution for the William Whyte area. For living area and land size, it’s slightly above the median; for assessed value and year built, it’s very close to the neighbourhood median.

4. Is a 1907 home likely to have major issues?
Not necessarily, but age is a factor. Buyers should budget for aging systems (electrical, plumbing, foundation), possible lead paint or asbestos, and older windows or insulation. A thorough inspection is strongly advised. Many homes of this vintage in the area have been updated in part, but not all.

5. Who typically buys homes like this in William Whyte?
First-time buyers, investors looking for rental or flip opportunities, and people who appreciate older architecture and want to be in a central, established part of Winnipeg. The lower entry price often attracts those willing to take on renovation work over time.