Property Overview: 1627 Selkirk Avenue
Key Characteristics & Appeal
This 1958 one-storey home in Burrows-Keewatin presents a practical opportunity centered on its land and value. The lot is a key feature, at 4,353 sqft, which is notably larger than many others on Selkirk Avenue. The home itself is modest at 908 sqft of living space, but it includes a renovated basement, adding functional space. A detached garage provides utility or storage.
The primary appeal lies in its affordability and the potential of its generous lot. With a recent sale price and assessed value significantly below the Winnipeg average, it represents a low-barrier entry point into the market. It suits a specific buyer: those seeking a starter home or an investment property who are comfortable with a smaller main footprint but see value in the land itself—whether for future expansion, gardening, or simply having more outdoor space than typical for the price. It’s a property for a buyer whose priority is securing land and a solid foundation in a mature neighbourhood, not move-in-ready luxury.
Frequently Asked Questions
Q: How does the lot size compare to nearby properties?
A: The lot is a standout feature for the immediate area. It ranks in the top 22% on Selkirk Avenue for land area, meaning it’s larger than most comparable neighbouring properties.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement is renovated but does not specify the extent. A professional inspection is recommended to understand the finish quality, layout, and whether it includes a separate entrance or additional bedrooms.
Q: Is the assessed value the same as the market price?
A: No. The assessed value for taxation purposes is $24.4k. The property sold for $26.8k in July 2022. Market value is determined by current conditions and buyer demand, not the assessment.
Q: The home was built in 1958. What should I be concerned about?
A: While newer than many homes in the neighbourhood, a 65-year-old house will likely have aging components. Special attention should be paid to the foundation, roof, plumbing, electrical systems, and the quality/permits of the basement renovation.
Q: Who would this property not suit?
A: It may not suit buyers looking for a large, modern living space without renovation work. The living area is compact, and the appeal is weighted more toward the land and value proposition than the existing home’s size or finishes.