775 Selkirk Avenue

775 Selkirk Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a smaller, older home in the William Whyte neighbourhood of Winnipeg, built in 1909. At 720 square feet of living area on a 3,010 sqft lot, it sits below the average for its street, neighbourhood, and city in terms of size and assessed value. The property ranks in the bottom 10% city-wide for assessed value (108k), which is significantly lower than the citywide average of 390k. Its appeal lies in affordability and potential entry into the housing market at a low price point, especially for someone comfortable with an older home that may need updates. The land area is about average for the neighbourhood but undersized by city standards, which limits expansion potential. This property suits first-time buyers, investors looking for a low-cost rental or flip in a transitional area, or someone prioritizing location over space. The below-average rankings across all metrics suggest the house is priced to reflect its condition and size, not speculation.

Frequently Asked Questions

1. Why is the assessed value so low compared to the city average?
The assessed value of 108k reflects the home’s small size, age, and location in William Whyte, where average home values are also well below citywide norms. The ranking in the bottom 1% city-wide (top 99%) indicates this is one of the most affordable properties in Winnipeg, not an anomaly.

2. Is the 1909 construction a liability or an opportunity?
Homes from that era often have solid framing and character details, but you should expect older mechanicals, possible knob-and-tube wiring, foundation issues, and lead paint. The street-level ranking suggests many nearby homes have also been updated or replaced since 1909, so renovation potential is there, but costs add up quickly.

3. How does the lot size compare for gardening, parking, or additions?
At 3,010 sqft, the lot is smaller than the citywide average (6,570 sqft) but close to the neighbourhood median of 3,277 sqft. It’s typical for a standard city lot in this area—enough for a small yard, off-street parking if configured, but tight for a garage or a major addition without a variance.

4. What does “Top 55%” in the neighbourhood mean for land area and year built?
It means the property is near the middle of the pack for that metric in William Whyte. The year built is around average for the area, and the lot is slightly below average. In practical terms, neither stands out as a red flag or a selling point; they’re consistent with what you’d expect for the area.

5. Is this property a good candidate for a full renovation or a tear-down?
Given the low assessed value and small footprint, a full gut renovation could quickly exceed the home’s resale value if you’re not careful. A tear-down would only make sense if you plan to build something much larger or higher-end, since the land itself isn’t particularly valuable by city standards. Most buyers in this category look at it as a starter home or buy-and-hold investment, not a fix-and-flip with high margins.