Property Overview: 948 Selkirk Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Dufferin neighbourhood. With 1,173 sqft of living space and a full, unrenovated basement, it offers room to grow or customize. The lot is a manageable 3,874 sqft, typical for the area.
The primary appeal lies in its solid positioning within the local context. The home's living space is above average for Selkirk Avenue and the Dufferin area, meaning you get more interior room than many immediate neighbours. Its assessed value is notably strong for Dufferin, ranking in the top 19% of the area, which suggests a favourable valuation compared to nearby properties. This combination points to a home that stands well among its direct peers, even if its city-wide metrics are more modest.
This property would suit a value-conscious buyer looking for a home with good bones in an established neighbourhood. It's ideal for a first-time homeowner comfortable with a basement that awaits their personal touch, or an investor seeking a property with a stable assessment history. The data suggests you're paying for a home that holds its own on its street and in its community.
Frequently Asked Questions
1. What does the "above average" assessed value for Dufferin actually mean?
It means that, compared to similar homes in the Dufferin neighbourhood, this property's official assessed value is higher than roughly 81% of them. This can indicate a perceived sturdier construction, better lot attributes, or more desirable location within the area than many comparable properties.
2. Is the unrenovated basement a major concern?
It's a key consideration. While it offers significant potential for additional living space, storage, or utilities, it will require investment to finish. It's advisable to budget for any necessary moisture-proofing, insulation, and framing, and to have it inspected for foundational integrity.
3. How does the 1948 build year compare?
For the Dufferin area, this home is actually newer than average, ranking in the top 19%. The neighbourhood features many homes built in the early 1900s, so this post-war construction may benefit from somewhat newer building materials and techniques than many nearby houses.
4. What can nearby sale prices tell me?
A home on the same street sold for $18.60k in 2019. While market conditions have changed, this recent, close-proximity sale is a critical data point for understanding the street's valuation trends and should be discussed with a real estate professional.
5. The city-wide rankings for value and lot size seem low. Should I be worried?
Not necessarily. This reflects the difference between inner-city and suburban property profiles. City-wide averages are pulled up by newer, larger suburban lots. This home's strength is in its local context—it offers more space and a better assessment than many homes in its own, established neighbourhood, which is often more relevant for daily living and resale.