860 Selkirk Avenue

Property Overview & Key Characteristics

This two-storey home on Selkirk Avenue presents a unique profile. Its primary appeal lies in its generous, above-average living space (1,632 sq ft) within a character home, paired with a notably low property tax assessment. The home features a renovated basement and a detached garage.

The data reveals a compelling contrast: the house ranks in the top tier for size and value within its immediate Dufferin neighbourhood, yet sits well below city-wide averages for land size and assessed value. This suggests you are acquiring significant interior space and a very favourable tax base for the area, but on a more compact, urban lot. The recent sale in June 2024 indicates active market interest.

This property would suit a practical buyer looking for ample room without a high ongoing property tax burden. It’s ideal for someone who values interior space over a large yard and is comfortable in a mature, established neighbourhood. The renovated basement adds functional living space, making it a fit for small families, multi-generational arrangements, or those needing a home office or separate living area.

Frequently Asked Questions

1. What does the "Elite" Top 4% ranking for Assessed Value in Dufferin mean?
It means this home's assessed value for tax purposes is significantly higher than 96% of similar properties in the Dufferin area. While this indicates the home is considered more valuable by the assessor, it's crucial to note that the absolute value ($27.1k) is still very low, resulting in relatively low property taxes compared to most of Winnipeg.

2. If the living space is above average, why is the land size ranked so low?
The home offers substantial interior square footage on a modest, urban lot (2,820 sq ft). This is a classic trade-off in older neighbourhoods: you get a larger house but a smaller yard compared to both local and city-wide averages. It maximizes the building footprint on the property.

3. How should I interpret the different rankings for the street, area, and city?
They provide context. The home is a standout within Dufferin for size and assessed value. When compared across all of Winnipeg, its lot size and age are more typical of the city's older core neighbourhoods. This highlights its strong position in its local market.

4. The home sold very recently in June 2024. What does that imply?
The quick resale could indicate investor activity, a change in the buyer's circumstances, or potentially a cosmetic renovation and flip. It warrants a close look at the work done during that ownership and a thorough inspection to understand the current condition.

5. What are the pros and cons of a 1931 build?
Pros include character construction and established neighbourhood maturity. Cons centre on the potential for older mechanical systems (like plumbing and wiring), insulation standards, and the need for ongoing maintenance. The renovated basement is a positive update, but the main structure's condition is key.