Property Overview: 700 Selkirk Avenue, Winnipeg
Key Characteristics & Appeal
This is a historic, early-20th century home (built 1905) in Winnipeg's William Whyte neighbourhood, presenting a distinct value proposition. Its primary appeal lies in its very low assessed value of $75k, which is significantly below averages for the street, area, and city. This positions it as one of the most accessible entry points into homeownership in Winnipeg. The living space of 1,198 sqft is actually above average for Selkirk Avenue itself, offering more room than many immediate neighbours.
The property would suit pragmatic first-time buyers or investors seeking a low-cost acquisition with renovation potential. It's a canvas for someone willing to invest sweat equity or capital into updates. A less obvious perspective is its potential for multi-generational living or as a landing spot for newcomers to Canada, where a low barrier to entry and a character home can outweigh concerns about modern finishes. The recent sale history (sold in 2020) suggests it is a transactable property, not a stale listing.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on municipal evaluation, which considers factors like age, condition, and recent sales. A value this far below area averages typically reflects the home's older age and likely need for modernization compared to other houses on the street.
2. What does the "Sold Price" range mean?
The site shows a broad sold price range (e.g., CA$50k–100k) for the 2020 sale. To obtain the exact historical sale price, you must request it directly via email from the site provider, as they do not display MLS data.
3. Is the lot size a limitation?
At 2,836 sqft, the lot is smaller than average for the street and city. This means less yard space but also lower maintenance. It is a standard urban lot for the neighbourhood's dense, historic character.
4. How significant is the age of the home (1905)?
A 121-year-old home offers classic charm but requires a proactive approach to maintenance. Buyers should prioritize a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand the scope of any needed updates.
5. Are the rankings on this page a good indicator of value?
The rankings compare this home to "comparable" properties in different zones. They usefully show that this home offers more interior space than many on its street but is valued much lower. They are a starting point for comparison, not a substitute for a professional appraisal or viewing.