22 Selwood Avenue

Property Overview

22 Selwood Avenue is a well-established, single-storey home in the Betsworth area of Winnipeg. Built in 1976, its key characteristic is its generous, nearly 6,000 sqft lot, which is notably larger than most in its immediate area and ranks in the top tier for its street. The home itself offers 1,072 sqft of living space with a finished basement and a detached garage. Its appeal lies in the balance of a mature, spacious property with a home that is functional and updated. While the interior space is modest relative to the lot size, it presents an opportunity for future expansion or gardening enthusiasts. The property suits first-time buyers or downsizers looking for a manageable single-level layout on a private lot, as well as value-focused buyers who see potential in the land itself.

Key Details & FAQs

Key Characteristics:

• Spacious Lot: The 5,999 sqft property is a standout feature, offering ample outdoor space and ranking in the top 7% for size on its street.
• Practical Layout: A one-storey design with a finished basement provides accessible living and extra flexible space.
• Established Value: With a 2024 assessed value of $357,000, it sits in a middle range for the city, offering a grounded entry point into a mature neighborhood.
• Target Buyer: Ideal for those prioritizing lot size over interior square footage, seeking a single-level home, or looking for a property with "good bones" and potential.

Frequently Asked Questions:

1. What is the true draw of this property?
Beyond the home itself, the primary asset is the lot. It offers a rare amount of private outdoor space for the area, which is valuable for privacy, recreation, or future projects like a garden, shed, or deck.

2. Is the house too small for the lot?
The living area is indeed smaller than many newer homes on similar lots. This could be a limitation for some, but it also means lower utility costs and less maintenance, appealing to those seeking efficiency or the option to customize over time.

3. How does the age of the home (50 years) factor in?
While the home is well-maintained, buyers should budget for updates to major aging components like the roof, windows, or mechanical systems. A thorough inspection is advised to understand the condition and any upcoming investments.

4. Who would this neighborhood suit?
Betsworth is a mature, no-frills community. It suits buyers looking for established streets, straightforward access to the city, and a quiet setting without the premium of a newer subdivision.

5. What does the assessment value tell us?
The $357,000 assessment suggests the property is priced for its land value and functional home in the current market. It indicates a realistic, not inflated, starting point for buyers and may appeal to those conscious of property tax implications.