Property Overview
This two-storey home on Selkirk Avenue is a classic Winnipeg character property, built in 1906. Its key appeal lies in its generous proportions and solid foundation, offering over 1,500 square feet of living space on a large 3,225 sqft lot—a size that ranks well above average for both the street and the city. It features a full, unrenovated basement, presenting potential for future development.
The property suits practical, value-focused buyers. It’s ideal for an investor or a hands-on homeowner who sees potential in a structurally sound, spacious canvas. The very low assessed value indicates this is an entry-point property, likely requiring updates, but its above-average living area and lot size provide a tangible asset to build upon. It’s not for those seeking move-in perfection, but rather for those who prioritize space and location fundamentals over modern finishes.
Frequently Asked Questions
What does the assessed value tell me?
The assessed value is significantly lower than typical sale prices in the area, which often reflects the property’s condition and the need for renovation. It’s a key indicator of the city’s tax valuation, not necessarily the market price, but suggests a lower property tax burden relative to the potential living space you’re acquiring.
How significant is the lot size?
At 3,225 sqft, the lot is a standout feature. It ranks in the top 15% for size in Winnipeg, offering rare potential for outdoor space, gardening, or future additions like a garage or deck in a central urban neighbourhood.
The home was built in 1906. What should I consider?
While the structure has proven its durability over 120 years, a pre-purchase inspection is essential. Focus will be on the foundation, original wiring and plumbing, and the condition of the unrenovated basement. The character comes with the responsibility of maintaining an older home.
Who are the typical buyers in this area?
William Whyte attracts a mix of long-term residents, investors, and first-time buyers drawn by affordability and central location. This particular property, given its stats, likely appeals to investors or owner-occupants with renovation skills or plans.
What’s the context of the sales history?
The last recorded sale was in early 2021. The market has evolved since then, so this history is a reference point, not a current valuation. Comparing it to the assessed value and recent sales of similar "for reference" properties listed (like those on Pritchard or Burrows Avenue) will provide better context for its current market position.