Property Overview: 111 Selkirk Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by significant contrasts. Its most compelling feature is its generous living space of 1,807 sq ft, which ranks within the top 7% of homes on its street and well above averages for both the North Point Douglas area and the wider city. This suggests a property with substantial interior room, potentially offering flexible layouts or larger-than-expected family spaces.
The appeal lies in this combination of ample square footage and a very low municipal assessed value of $111k, which is below average for its immediate context and significantly below the Winnipeg city average. This creates a notable value proposition centered on space per dollar. The lot size is standard for the neighbourhood, and the 1907 build date indicates a character home with inherent charm, though it also implies a need for thoughtful maintenance and potential updates.
This property would suit value-driven buyers looking for maximum interior space on a budget, including hands-on owners comfortable with the upkeep of an older home. It’s also a candidate for investors or renovators who see potential in the size-to-assessment gap, understanding that the lower upfront cost allows room for improvement investments. It’s less suited for those seeking a modern, maintenance-free home or where a higher property assessment is a priority.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the property's age, condition, and the overall market values in its immediate neighbourhood. A lower assessment can mean lower property taxes, but it doesn't necessarily reflect current market value or the cost of needed renovations.
2. What does the 1907 build date mean for me as a buyer?
Homes from this era often feature solid construction and classic architectural details. However, buyers should proactively investigate the condition of major aging components like the foundation, plumbing, electrical systems, and roof. A thorough inspection is essential.
3. The home sold between $50k-$100k in 2020. What does that indicate?
This past sale price, especially if near the lower end of that range, reinforces the property's history as a lower-value asset. It highlights the neighbourhood's pricing context and suggests the potential for significant appreciation if improvements are made, though market conditions have likely shifted since 2020.
4. How significant is the living area being in the "top 7%" for the street?
This is a key strength. It means this home offers substantially more interior space than most of its direct neighbours, which could translate to more bedrooms, larger common areas, or unique layouts. It’s a standout feature in its local setting.
5. Where can I get verified sale price history for this home?
The site notes that due to industry rules, exact MLS sales data isn't displayed. They offer a manual lookup service where you can request the exact sold price history via email, which they will provide without using your contact information for marketing.