Property Overview: 865 Selkirk Avenue
Key Characteristics & Buyer Appeal
This two-storey home, built in 1911, presents a classic opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its generous 1,552 sqft of living space, which is significantly above average for both the immediate street and the broader area, offering more room than many comparable properties. The lot size is standard for the local context. The home has an unfinished basement and does not include a garage or pool.
This property is well-suited for value-conscious buyers, such as first-time homeowners or investors, who prioritize interior space over turn-key condition. Its assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into the market. The appeal is practical: you are paying primarily for the substantial living area and the lot, with the understanding that the older home and unfinished basement offer a canvas for future updates according to a new owner's budget and vision. It’s a property for those who see potential in solid square footage and are prepared for the projects that come with a century-old home.
Frequently Asked Questions
1. What is the true standout feature of this home?
The living area is the clear standout. At 1,552 sqft, it ranks in the top 11% on its street and the top 3% in the Burrows Central neighbourhood, meaning it offers considerably more interior space than most similar listings in the immediate area.
2. What should I budget for beyond the purchase price?
Given the age of the home (1911) and the note that the basement is "not renovated," buyers should anticipate potential maintenance or improvement costs. Budgeting for updates to mechanical systems, insulation, or finishing the basement would be prudent.
3. How does the lot size compare?
The 3,014 sqft lot is around average for both Selkirk Avenue and the Burrows Central neighbourhood. It provides a standard urban yard space but is not unusually large or small for the area.
4. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value for municipal tax purposes is $18.40k, which is a very low figure not reflective of market value. The last recorded sale was in 2020 for $150k. Current market conditions and the home's condition will determine the listing and sale prices.
5. What are the trade-offs for getting so much living space?
The trade-off is typically the home's age and condition. You gain above-average square footage, but the property requires more attention than a newer build. The lack of a garage and an unfinished basement are also considerations for storage and utility needs.