Property Overview & Key Characteristics
This one-storey home at 1619 Selkirk Avenue presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its primary appeal lies in its relative modernity and efficient use of space within its context. Built in 1958, it is notably newer than most homes on its street and in the immediate area, suggesting potentially fewer concerns with aging infrastructure common to much older builds. The living area (1,157 sqft) is comfortably above average for the neighbourhood, offering more interior space than many nearby homes.
The lot size (4,253 sqft) is generous for Selkirk Avenue, placing it in the top quarter for land area on the street. This provides valuable outdoor space and potential. A key feature is the renovated basement, adding functional living space. The home includes a detached garage.
It last sold in February 2023 for $25,500, with a current assessed value of $26,500. This positions it as a highly accessible entry point into the market. The value proposition is nuanced: while its assessed value is above average for its specific street and neighbourhood, it is below the Winnipeg city-wide average, highlighting the area's affordability.
This property would suit first-time buyers or investors seeking a straightforward, lower-cost property with a renovated basement and a decent-sized lot. It’s a home that makes sense for those prioritizing function and fundamentals over prestige, who see value in a structure that is relatively newer than its immediate peers.
Frequently Asked Questions
Q: What does it mean that the home is "newer" than most on the street?
A: Built in 1958, it is roughly 20 years newer than the average home on Selkirk Avenue. This can be an advantage, as systems like wiring or plumbing may have been installed to more modern standards of the time, potentially reducing immediate update needs compared to a pre-war home.
Q: Is the assessed value the same as the market price?
A: No. The assessed value ($26,500) is for municipal tax purposes. The sale price from 2023 was $25,500. Market price is determined by current buyer demand and should be established through a comparative market analysis with a real estate professional.
Q: The lot is large for the street, but what about the living space?
A: The living area is 1,157 sqft, which is actually quite spacious for the Burrows-Keewatin area, ranking in the top 8% locally. Combined with the renovated basement, the total usable space is a significant positive.
Q: Who might this property not suit?
A: It may not suit buyers looking for a move-in-ready home with high-end finishes, as the focus of the listing is on the renovated basement and fundamentals. Those seeking a brand-new build or a home in a high-appreciation area might also look elsewhere.
Q: What is the significance of the detached garage?
A: A detached garage offers valuable storage or workshop space separate from the house. It can also provide flexibility for parking, storage, or a hobby area that doesn't intrude on the main living space.