Property Summary: 901 Selkirk Avenue
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1911, situated on a standard city lot in the Burrows Central neighbourhood. Its key characteristic is its modest scale, featuring 664 sqft of living space and an unrenovated basement. The home includes a detached garage.
The primary appeal lies in its land value and potential. The lot size is typical for the immediate area but is notably below the city-wide average, positioning this as an affordable entry point into the Winnipeg market. The very low assessed and recent sale values reflect the home's condition and size, not the location's underlying value. This property would suit a value-conscious buyer looking for a footprint in the city—ideal for an investor, a hands-on renovator comfortable with a project, or someone seeking minimal living space with the option to expand or rebuild in the future. It’s a practical choice for those who see potential in the land and the basic structure, rather than a move-in-ready home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the specific characteristics of this property: its small living area, age, and condition relative to the broader market. It is assessed based on its current state, not the potential of the land.
2. What does "below average" for living area mean practically?
With 664 sqft, the living space is significantly smaller than most Winnipeg homes. This indicates a compact layout, likely with fewer or smaller rooms, suitable for a single person, a couple, or someone comfortable with efficient living.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated," which typically means it is unfinished. It likely serves as utility and storage space in its current state and would require work to become livable.
4. How does the lot size compare to nearby properties?
At just over 3,000 sqft, the lot is around average for both Selkirk Avenue and the Burrows Central area. This is a standard city lot for the neighbourhood, though smaller than newer suburban lots.
5. The home is over 110 years old. What should I consider?
While the structure has historical resilience, major systems like plumbing, electrical, and the foundation should be a priority for inspection. This age also presents an opportunity to restore original character, but it requires a budget and mindset prepared for updates and maintenance.