Property Overview: 818 Selkirk Avenue
Section 1: Key Characteristics & Appeal
This two-storey home on Selkirk Avenue is a character property with practical updates. Its key feature is a renovated basement, adding valuable living space to the 1,240 sqft footprint. The home sits on a standard city lot with a detached garage. Built in 1903, it offers historic charm but comes with the considerations of an older building.
The appeal lies in its position as a solid, updated home within its immediate community. The data shows its living space is above average for both the street and the Dufferin neighbourhood, suggesting good interior volume for the area. Its assessed value is notably strong within Dufferin (ranking in the top 15%), which can indicate perceived stability or desirability relative to nearby properties. This isn't a sprawling suburban home; its value is concentrated in the structure itself rather than the land.
This property would suit a pragmatic buyer looking for a move-in-ready home with character in a central Winnipeg neighbourhood. It's ideal for someone who values updated essentials (like the basement) over a large yard or a new build. It may also appeal to an investor or homeowner looking for a property with a valuation that stands out positively in its local context, rather than one that compares broadly across the entire city.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically mean for a home of this age?
It likely indicates modernized living space, but for a 1903 home, it's essential to inquire about the quality of the renovation, including moisture control, ceiling height, electrical updates, and proper permits.
2. The assessed value is high for Dufferin but low city-wide. What does this mean?
This suggests the property is considered a stronger-than-average home within its specific neighbourhood, possibly due to its size, condition, or renovations. The city-wide comparison reflects that property values in central, older neighbourhoods differ significantly from newer suburban areas.
3. Are there concerns with a house built in 1903?
While charming, potential buyers should budget for and investigate age-related systems. This includes the foundation, plumbing, wiring, and insulation. A thorough inspection is non-negotiable.
4. The land area is below average. Is that a major drawback?
For buyers seeking extensive outdoor space, yes. However, the lot is a standard city size for the area. The trade-off is that more of the property's value is in the house itself, which is larger than many neighbours'.
5. It last sold in 2016. Why might that be relevant?
The sale price from eight years ago ($16.3k) is not indicative of current market value. However, this history shows a period of stable ownership, which can be a positive sign. The current assessed value ($20.8k) provides a more recent, though not market-based, point of reference.