771 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1938-built home with 1,176 square feet of living space on a 3,010-square-foot lot, located in Winnipeg’s William Whyte neighbourhood. Its assessed value is $123,000.
Where the appeal lies: The property’s strongest point is its living area, which ranks in the top 27% on its street—meaning it offers noticeably more interior space than most nearby homes. The year built (1938) is also slightly older than the neighbourhood average of 1927, which may appeal to buyers who appreciate pre-war construction, solid materials, or established character. The assessed value is low relative to the street and city, which could translate into lower property taxes and a lower purchase price floor. That said, the modest land area (below street average) and the below-average citywide assessment suggest this is not a flashy or high-demand property on paper—it’s a practical, unpretentious house in a working-class area.
Who it suits: This home would likely suit first-time buyers looking for an affordable entry into homeownership, investors seeking a low-cost rental or renovation project in a neighbourhood with average-to-typical conditions, or someone who values interior square footage over lot size. It’s less suited for buyers prioritizing a large yard, a newer build, or citywide resale value in a higher-demand area. The William Whyte neighbourhood tends to attract those comfortable with older housing stock and a more established, less trendy part of the city.
Frequently Asked Questions
1. How does this house compare to others on Selkirk Avenue?
On its own street, this home has above-average living area (top 27%) and a below-average assessed value (top 80%). Its land area is also below average. So it’s a relatively large house for the street, but on a smaller lot and with a lower tax assessment than most neighbours.
2. Is this a good property for a renovation or fix-and-flip?
It could be, depending on condition. The low assessed value relative to the street suggests there may be room for value-add improvements, but the below-average land area limits expansion potential. The age (1938) means you should budget for older systems, foundation, or insulation upgrades—pre-war homes often require more work than newer ones.
3. How does the neighbourhood compare to the rest of Winnipeg?
The home sits in the William Whyte area. Its living area and assessed value are both around the neighbourhood average, but citywide this home ranks in the bottom 1% for assessed value and bottom 12% for land area. So it’s typical for the area, but the area itself is on the lower end of the city’s market.
4. What’s the significance of the year built being 1938?
Homes built in 1938 are part of a pre-WWII era, often featuring solid wood framing, plaster walls, and sometimes interesting architectural details. However, they also tend to have outdated electrical, plumbing, and insulation. In this neighbourhood, the home is newer than the 1927 average, so it’s not the oldest on the block, but still requires a buyer prepared for older-home upkeep.
5. Is the assessed value of $123,000 realistic for the market?
Assessed value is a city estimate for tax purposes, not a market price. That figure is well below the street average ($193,800) and citywide average ($390,100), which suggests either the home is smaller, in lesser condition, or on a less desirable part of the street. A home inspection and recent comparable sales are necessary to confirm market value—don’t rely solely on the assessed figure.