Property Overview: 1437 Selkirk Avenue
Key Characteristics & Appeal
This is a well-situated, one-storey home on a standard city lot in the Burrows-Keewatin neighbourhood. Built in 1958, it is notably newer than many homes in the immediate area, which often translates to more modern construction fundamentals and potentially fewer major upkeep concerns common to century-old properties. The home features a renovated basement and a detached garage.
Its primary appeal lies in its solid positioning within its local context. The data shows the property consistently performs above or around average for its street and neighbourhood in key metrics like year built, living space, and assessed value. This suggests a property that holds its own and may offer relative stability in the local market. The lot size is generous for the area, providing good outdoor space.
This home would suit practical, value-conscious buyers looking for an entry point into homeownership or a long-term hold. It’s ideal for someone who prioritizes the utility of a renovated basement and garage over high-end finishes, and who understands the value of a property that stands out positively within its established community rather than comparing itself to newer suburban areas.
Frequently Asked Questions
1. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value (27.1k) is for municipal tax purposes. The home last sold in 2019 for 24.3k. Market conditions, property condition, and demand determine the sale price, which would be expected to be significantly higher than these figures.
2. How does the age of this home compare to others nearby?
It’s newer than most. Built in 1958, it ranks in the top 17% on its street and top 9% in the neighbourhood for year built, meaning it is a relatively modern structure compared to its peers, many of which date to the early 1900s.
3. What does the "renovated basement" likely mean?
Given the home's age and value context, this typically indicates functional improvements for livable space, such as finished walls, flooring, and ceilings. It may not be a high-end custom renovation but adds valuable usable square footage.
4. How does the lot size compare?
At just over 4,000 sq ft, the lot is above average for Selkirk Avenue. This means more yard space than many neighbouring properties, which is a tangible asset for privacy, gardening, or outdoor activities.
5. The city-wide rankings seem low. Is that a concern?
Not necessarily. The city-wide data includes all property types across Winnipeg, from new suburban homes to downtown condos. This home’s strength is in its local standing—it consistently ranks well within its own community, which is a more relevant measure of its value and appeal for the area.