1487 Selkirk Avenue

Property Overview: 1487 Selkirk Avenue

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home built in 1958 on a standard city lot in Winnipeg's Burrows-Keewatin neighbourhood. Its key features include a renovated basement and a detached garage. The home itself is compact at 908 sqft of living space, but the lot size is slightly above average for its immediate street.

The appeal here is largely practical and value-oriented. The renovated basement adds functional living space, which is a significant asset in a smaller home. For its area, the property stands out for being newer than many surrounding homes and has a higher-than-average assessed value for the neighbourhood, suggesting it may be in better relative condition or have seen more updates.

This property would suit first-time buyers or investors looking for an affordable entry point into the Winnipeg market. It’s a straightforward home for someone who prioritizes a manageable size, a low-maintenance footprint, and the potential of a already-improved basement. The detached garage is a practical bonus for storage or a vehicle.

A less obvious perspective is that this home represents a specific segment of the market: it’s not a fixer-upper among much older peers, but a more modernized option in a neighbourhood with many older homes. Its value is tied more to its functional updates and lot than to its interior square footage.

Section 2: Frequently Asked Questions

1. Is the lot size a pro or con?
The land is a solid 4,102 sqft, which is larger than many lots on Selkirk Avenue. This offers good outdoor space for a home of this size, but it's still a standard city lot, not an exceptionally large one.

2. How does the 1958 build year compare?
In this context, it's a relative advantage. The home is significantly newer than the average on its street (1938) and in Burrows-Keewatin (1953), which can often mean fewer concerns with outdated core systems found in much older homes.

3. Who might find the living space too small?
The 908 sqft main floor is compact. Families needing multiple bedrooms or dedicated work-from-home spaces might find it tight, especially without considering the basement. It's best suited for individuals, couples, or small families.

4. What does the above-average assessed value indicate?
For the neighbourhood and street, the assessed value is in the top 15%. This typically reflects the renovated basement, the newer construction age, and the detached garage compared to immediate peers. It suggests the property is likely in better-than-typical condition for the area.

5. Is the renovated basement a full suite?
The details state it is renovated but do not specify if it is a legal suite with a separate entrance. It should be verified whether it’s a finished recreational space or has full plumbing/kitchen facilities for potential rental income.