Property Overview: 973 Selkirk Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1903 on a standard city lot in the Burrows Central neighbourhood. Its key characteristics are defined by its historical roots and its position as an entry-point property. With 694 sqft of living space and no garage, it is a compact dwelling.
The primary appeal lies in its affordability and land value. The home last sold for $60,000 in 2021 and carries a very low assessed value, making it one of the most accessible priced properties in the city. While the living area is small and the structure is historically significant, the 3,014 sqft lot is average for the local area, presenting a solid foundation. This property would suit a very budget-conscious first-time buyer, an investor looking for a straightforward rental opportunity, or a buyer with a long-term vision for a complete rebuild, valuing the land over the existing structure. It’s a pragmatic choice for those who see potential where others might see only limitations.
Section 2: Frequently Asked Questions
1. What does the very low assessed value indicate?
It primarily reflects the age and modest size of the existing structure. It suggests the municipal tax assessment places most of the property's current worth on the land itself, which can mean lower property taxes but also indicates a significant cost to modernize or replace the home.
2. Is the small living area a major drawback?
For a typical family, yes, it would be very compact. However, for a single occupant, a couple, or as a basic rental unit, it can be functional. The layout and condition inside will be the determining factors for livability as-is.
3. How does the lot size compare?
At just over 3,000 sqft, the lot is fairly average for Burrows Central and on Selkirk Avenue itself. It is not unusually small, which is a positive. For the city overall, however, it is considered below average, as many newer neighbourhoods have larger lots.
4. What should I consider about the 1903 build date?
This is a very old home by Winnipeg standards, ranking in the oldest 7% on its street. It necessitates a particularly thorough inspection for foundation, structural integrity, wiring, and plumbing. While it has historical character, it likely requires extensive updates or is a candidate for eventual replacement.
5. Who are the most likely buyers for this property?
The most likely buyers are investors seeking a low-cost entry into the rental market, or very hands-on owner-occupants with the skills and budget for renovations. It is less suited for buyers looking for a move-in ready home without a significant renovation plan.