455 Selkirk Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2,184-square-foot home built in 1905, sitting on a 3,484-square-foot lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is living space: it ranks in the top 2% on its street and in the neighbourhood, and in the top 7% city-wide. For a house of this age, that kind of square footage is uncommon—most comparable homes in the area are significantly smaller.
The assessed value is $138,000, which is below the street average ($193,800) and well below the city-wide average for comparable homes ($390,100). That low assessment, combined with the large floor plan, means the property offers more interior space per dollar than most homes in Winnipeg. The land area is average for the street and neighbourhood but smaller than typical city-wide lots.
The appeal lies in the trade-off: you get a genuinely spacious interior from an era when homes were built with solid materials and character, at a price point that’s relatively low. The downside is the age—ranked in the bottom 11% on the street and bottom 25% city-wide. That points to likely maintenance needs, older systems, and potentially less efficient insulation or layout. Buyers should also note the lot is modest, so any expansion outward is limited.
Suitable buyers: Those who prioritize space over turnkey condition, have a realistic budget for renovations or upkeep, and are comfortable with an older home’s quirks. Investors looking for a value-add opportunity in a neighbourhood with average prices might also find it attractive. Not ideal for someone wanting a low-maintenance, newer build or a large yard.
Five Possible FAQs
1. How does the property’s size compare to others nearby?
It’s one of the largest homes on the street. The average living area on Selkirk Avenue is about 1,093 square feet, and this home is nearly double that. In the William Whyte neighbourhood, the average is roughly 1,158 square feet, so it stands out in both immediate and wider contexts.
2. Why is the assessed value so low for a house this big?
Assessed value reflects market factors including condition, age, and location, not just square footage. A 1905 home likely has older finishes, systems, and possibly deferred maintenance, which drags the value down. The neighbourhood average assessed value is also modest ($149,100), so the home is consistent with its area. The gap with the city average ($390,100) largely reflects location and property age.
3. What should I know about the land size?
The lot is 3,484 square feet—right around the neighbourhood average but significantly smaller than Winnipeg’s typical lot (6,570 square feet). That means less yard space for gardening, parking expansion, or outdoor living. It’s a tight urban lot.
4. Is the home likely to need major repairs?
Almost certainly. Year-built 1905 and ranking in the bottom 25% city-wide for age suggests the house has original or very old structural elements—foundation, roof, wiring, plumbing. Even if updated in places, a home this old typically requires ongoing attention to systems and envelope issues. A thorough inspection is essential.
5. Who typically buys homes like this in William Whyte?
Buyers in this area often fall into two camps: first-time buyers looking for affordable entry into Winnipeg’s housing market, and investors or renovators targeting undervalued properties with good bones. The large interior is a rare bonus at this price point, but it usually comes with a longer to-do list than a newer, smaller home on a bigger lot.