3 Selwood Avenue

Property Overview

3 Selwood Avenue is a well-established, single-family home in Winnipeg's Betsworth neighbourhood. Built in 1976, this one-storey home sits on a generous 5,999 sqft lot and offers 1,380 sqft of living space, including a finished basement. Key features include an attached garage and no pool. The home's assessed value is $458,000.

Section 1: Key Characteristics & Appeal

This home’s primary appeal lies in its established setting and above-average lot size, offering space and maturity that newer subdivisions often lack. Its key characteristics—a single-level layout, finished basement, and attached garage—deliver practical, move-in-ready functionality.

The appeal is grounded in value and stability. The property ranks highly within its immediate street and across Winnipeg for lot size, age, and assessed value, suggesting it is a solid, desirable asset in its micro-market. It suits buyers looking for a manageable, single-storey layout, possibly downsizers or first-time buyers who prioritize a larger yard and a settled neighbourhood over a brand-new build. It also appeals to the pragmatic investor or homeowner who values statistical indicators of a property’s competitive standing within its community.

Section 2: Frequently Asked Questions

1. What does the ranking data (e.g., "top 7% on its street") actually mean?
This data compares the home against similar properties in three areas: its immediate street, the wider Betsworth community, and all of Winnipeg. For example, ranking in the top 7% for lot size on its street means 93% of homes on Selwood Avenue have smaller lots. It’s a useful tool for gauging a property’s relative strengths.

2. Is a 50-year-old home a concern?
While the home is well-established, its age means a buyer should prioritize a thorough inspection. The upside is that older homes in mature neighbourhoods often come with larger lots, mature landscaping, and proven community stability that newer areas haven’t yet developed.

3. Who might this layout suit best?
The one-storey design with a finished basement is ideal for those seeking minimal stairs, such as empty-nesters or retirees, or for families wanting flexible living space. The basement can serve as a rec room, home office, or guest suite.

4. How should I interpret the assessed value?
The $458,000 assessment is for municipal tax purposes and is based on past market data. It is a guideline, not a sale price. The final market value will be determined by current conditions, the home’s specific condition, and buyer demand.

5. What are the pros and cons of a large lot?
The nearly 6,000 sqft lot is a significant asset, offering ample space for gardening, play, or expansion. However, it also implies responsibility for more maintenance—like lawn care, landscaping, and snow removal—compared to a smaller yard.