774 Selkirk Avenue – Property Summary

Key Characteristics

This is a 710 sqft home on a 2,829 sqft lot, built in 1911 and located in the William Whyte neighbourhood of Winnipeg. Its current assessed value is $120,000.

The property ranks well below average in living area—both on its street and across the city—and sits on a lot that is smaller than most in the area. Its assessed value is notably low compared to citywide averages, though it is closer to the neighborhood median. The year built (1911) is in line with many surrounding homes, which tend to be older.

The appeal of this property lies in its price point. At $120,000, it is significantly below the citywide average assessed value of $390,100, and well under the street average of $193,800. For a buyer looking to enter the market with a low upfront cost, or someone open to renovating an older home, this represents a clear opportunity. It would not suit someone seeking a large, move-in-ready home or a modern layout. Instead, it’s a better fit for investors, first-time buyers willing to take on work, or those specifically targeting the lower end of Winnipeg’s market.

Frequently Asked Questions

1. Why is the assessed value so much lower than the street and city averages?
The home is smaller than most in the area, both in living space and lot size. While the neighborhood value is closer to the median, the property’s size and condition likely anchor its assessment below both the street and citywide benchmarks.

2. Is the 1911 build a concern?
It depends on maintenance history. Homes from this era often have solid bones but may need updated electrical, plumbing, insulation, or foundation work. It’s worth noting that the average year built in William Whyte is 1927, so older homes are common here—not unusual.

3. What does “Top 91%” or “Top 96%” mean in the data?
These rankings show how the property compares to others. “Top 91%” means it ranks in the 91st percentile from the top—so only 9% of homes on that street are smaller. In other words, it’s among the smallest homes in each comparison group.

4. Does the small lot limit future renovations or additions?
Yes. A 2,829 sqft lot is below average for the street and neighborhood. Any expansion would need to account for setback requirements and zoning rules. That said, smaller lots often mean lower maintenance and yard work.

5. How does this property compare to others nearby in terms of value for money?
Its assessed value is about $29,000 below the neighborhood average, despite being smaller and older. That gap suggests the price reflects its size and condition. For a buyer, the value depends on what renovations are needed and whether the lower purchase price offsets those costs.