355 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2,125-square-foot home on a notably large 5,909-square-foot lot in the William Whyte neighbourhood of Winnipeg. Built in 1941, it stands out for its generous interior and land size. On the street and within the immediate area, both the living area and land area rank in the top 3%—meaning most nearby homes are significantly smaller in footprint and lot size. The assessed value of $253,000 sits well above the neighbourhood average of $149,100 (top 6%), yet falls below the citywide average of $390,100. This suggests a property that offers substantially more space than its immediate peers without carrying the top-tier price tag of newer or more centrally located homes citywide.
The appeal here is practical rather than flashy. For buyers who value physical space—both indoors and outdoors—this property delivers what most comparable homes in the area cannot. The larger lot offers room for gardens, workshops, additions, or simply more privacy, while the living area is nearly double the street average. The 1941 construction is older than the citywide median (1966), but in this neighbourhood, it’s actually newer than many surrounding homes (neighbourhood average built year is 1927). That means the bones are likely more modern than the local stock, without the premium of a fully recent build.
This property would suit buyers who:
- Prioritize interior square footage and a sizable yard over a move-in-ready, recently renovated home.
- Are comfortable with an older structure (1941) and willing to invest in maintenance or updates over time.
- Want a home that stands out in its immediate area for space rather than for finishes or curb appeal.
- Are looking for better value in an older, less trendy neighbourhood rather than competing for smaller homes in pricier parts of the city.
It may be less suitable for buyers seeking a turnkey property in a high-demand central location, or those who want a home that aligns with citywide averages for price and age.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
It is significantly larger than most. On Selkirk Avenue, the average home is 1,093 square feet—this one is nearly double that. The lot is also about 60% larger than the street average. If space is your priority, this is a standout option in the immediate area.
2. What does the assessed value tell me about the home’s condition or market price?
The assessed value of $253,000 is higher than the neighbourhood average but lower than the citywide average. Assessment reflects market value estimates for property tax purposes, not condition or renovation status. A below-city-average assessed value in an older home often means the property hasn’t been recently upgraded to match newer citywide standards. It’s worth getting a home inspection to understand what updates may be needed.
3. Is a 1941 home likely to have significant maintenance issues?
Potentially, yes, but that depends on how well it has been maintained. Homes of this era often have solid construction (e.g., old-growth lumber, plaster walls) but may need updates to electrical, plumbing, insulation, and roofing. Because this home is newer than the neighbourhood average (1941 vs. 1927), it may have been built to slightly more modern standards. Still, a thorough inspection is recommended.
4. Why is the assessed value high for the neighbourhood but low for the city?
The neighbourhood’s average assessed value is low ($149,100), so this home’s $253,000 is a premium locally. But citywide, many homes in more expensive areas (like newer suburbs or central Winnipeg) push the average to $390,100. The home offers good relative value if you are focused on the William Whyte area, but it is not a budget-friendly outlier compared to the whole city.
5. Who typically buys homes in this part of Winnipeg?
Buyers in the William Whyte area often include first-time homeowners looking for affordability, investors targeting older properties for rental or renovation, and families who want more space than they can afford in pricier neighbourhoods. The area is older and less polished than some others, but it offers proximity to downtown and the North End, with more square footage per dollar than most of the city.