18 Selwood Avenue

Property Overview

This 1976 three-level split home in Betsworth offers a practical layout with a finished basement and a detached garage, situated on a generous 6,000 sqft lot. Its core appeal lies in its established neighbourhood setting and the space afforded by the larger-than-average property. The home ranks highly within its immediate street for lot size and age, suggesting a well-kept street of similar vintage homes. It would suit first-time buyers or downsizers looking for a manageable single-family footprint without a condo fee, or an investor seeking a solid rental property in a stable area. A thoughtful perspective is that while the living space is modest, the large lot presents a long-term opportunity for expansion or landscaping, something harder to find in newer subdivisions.

Key Details & FAQs

Key Characteristics:

• Layout: 3-level split with a finished basement.
• Size: 1,076 sqft of living space on a 5,999 sqft lot.
• Parking: Detached garage.
• Location: Established Betsworth neighbourhood.
• Condition: A 50-year-old home; rankings indicate it is among the newer and better-sized lots on its street.

Ideal For:
This property is a match for practical buyers who value outdoor space over expansive interior square footage. It suits a first-time buyer ready for a single-family home, someone looking to downsize from a larger property but keep a garden, or an investor attracted by the stable rental demand for starter homes. Its appeal is grounded in space, established community, and potential.

Frequently Asked Questions

1. How does the "ranking" system work?
The rankings compare this home against others on the same street, in Betsworth, and across all of Winnipeg. For example, its lot size is in the top 7% on its street, meaning it's larger than 93% of its immediate neighbours—a significant advantage.

2. What are the pros and cons of a three-level split layout?
Pros include defined separation between living and sleeping areas, often creating good privacy. Cons can be the frequent use of stairs, which may not suit everyone, and sometimes smaller, segmented rooms compared to open-concept designs.

3. Is a 50-year-old home a concern?
Not inherently. Homes of this age are common in established neighbourhoods. The key is the maintenance and updates done over time. A thorough inspection is crucial to assess the condition of major systems like roof, windows, plumbing, and electrical.

4. What does the lot size ranking mean for me?
Ranking in the top 7% on the street for lot size is a standout feature. It means more private outdoor space, room for gardening, play, or entertaining, and possibly more future flexibility than most homes nearby.

5. Why is the assessed value different from the listing price?
The municipal assessed value (here, $384,000) is for tax purposes and uses a mass appraisal system. The listing price is set by the seller and reflects current market conditions, the home's specific features, and recent comparable sales. The two numbers are calculated differently and often differ.