Property Overview & Key Characteristics
This one-storey home at 1469 Selkirk Avenue is a practical property with a renovated basement and a detached garage. Built in 1958, it is notably newer than many homes on its street and in the Burrows-Keewatin neighbourhood. The living space of 1,037 sq ft is comfortable for the area, and the lot size of 4,101 sq ft is above average for Selkirk Avenue, offering decent outdoor space.
Its primary appeal lies in its value and condition relative to its immediate surroundings. With an assessed value and recent sale price significantly above the local averages, it suggests a well-maintained or updated home in this context. The renovated basement adds functional living space. This property would suit a value-conscious buyer, such as a first-time homeowner or an investor, looking for a solid, move-in-ready house in a North Winnipeg neighbourhood without the premium of a newer suburban area. It represents a practical choice over a prestige address.
Frequently Asked Questions
1. How does the assessed value compare to the sale price?
The home last sold for $27,500 in May 2022, which is very close to its current assessed value of $28,900. This alignment suggests the assessment is current and reflects the recent market transaction.
2. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than average for Selkirk Avenue, which is a plus for outdoor space. However, it is smaller than the typical lot in both the wider neighbourhood and the city overall, which may be a consideration if you're comparing it to properties in other areas.
3. What does "above average" for year built mean here?
While 1958 is not new, it is newer than most homes on this street (where the average year built is 1938) and in Burrows-Keewatin (average 1953). This could imply potentially fewer issues with very old infrastructure compared to neighbouring houses.
4. Who might this property not suit?
It may not suit buyers seeking a very large home, as the living area is below the citywide average, or those prioritizing a high assessed value for equity purposes, as it ranks below the Winnipeg average in that metric.
5. What is the context of the sale price being "below average Winnipeg"?
The sale price is well below the citywide average home price because this is a historically affordable area. This metric highlights the neighbourhood's value segment rather than being a reflection on this specific property, which actually sold for above average compared to its direct neighbours.