Property Overview: 7 Selwood Avenue, Winnipeg

Key Features & Ideal Buyer Profile

This is a well-established, single-storey home in the Betsworth neighbourhood, built in 1976. Its primary appeal lies in its generous, nearly 6,000 sqft lot—a significant size that offers ample outdoor space for gardening, play, or expansion, ranking in the top 7% for lot size on its street. The home itself is practical, featuring 1,384 sqft of living space with a finished basement and an attached garage. While the interior is functional, the standout characteristic is its strong relative value within the broader Winnipeg market, with an assessed value that places it ahead of 70% of city properties. This suggests a solid foundation with room for personalization.

The property suits first-time buyers or downsizers looking for a manageable single-level layout on a substantial lot, without the premium of a newer build. It also appeals to value-oriented buyers who see potential in a home that outperforms many of its peers on key metrics like lot size and assessment value, viewing it as a canvas for future updates rather than a move-in-ready showcase. Its appeal is grounded in space and statistical value over modern luxury.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics. For example, being newer than 93% of homes on Selwood Avenue indicates it's one of the more recently built houses on the block, which can be a positive for systems and structure.

2. Is the basement included in the 1,384 sqft living area?
Typically, the listed living area (sqft) refers to above-ground, finished space. The presence of a finished basement is noted separately and adds additional usable space to the property's total functional area.

3. The home is 50 years old. What should I consider?
While the rankings show it's relatively newer for its street, a home of this age will have original components nearing the end of their service life. A thorough inspection of the roof, windows, plumbing, electrical, and the heating/cooling system is essential to understand upcoming maintenance or replacement costs.

4. How significant is the lot size?
At 5,999 sqft, the lot is a key asset. It provides rare outdoor space for the area and future possibilities like adding a deck, shed, or even an addition (subject to zoning bylaws). This is often the feature that justifies investment in updating the interior over time.

5. Does a high assessment value mean a good deal?
A municipal assessment is for tax purposes and doesn't equal market value. However, consistently ranking higher than most comparable properties in assessment, lot size, and living area suggests the home is a substantial property for its category, which can support its market price and long-term value.