Property Overview

This one-storey home at 916 Selkirk Avenue is a classic Winnipeg property that presents a clear value proposition centered on its land and location. Built in 1948, the 852 sqft house sits on a notably large 5,596 sqft lot for the Dufferin area, ranking it among the top 4% of properties on its street for land size. The home features a detached garage and an unrenovated basement. Its assessed value is modest and sits above average for the immediate neighbourhood, while the living space is smaller than most comparable local homes. It last sold in early 2020.

Key Characteristics & Appeal

The primary appeal of this property lies in its generous lot size, offering significant outdoor space and potential in a well-established neighbourhood. The house itself is a compact, no-frills bungalow, likely appealing to those who see value in the land itself or are comfortable with a home that may require updates over time. Its above-average assessment for Dufferin suggests it is viewed solidly within its local market context.

This home would suit a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes lot size over interior square footage. It’s a property for someone who values space for gardening, storage, or future expansion more than move-in-ready finishes. The unrenovated basement and smaller living area mean it’s likely best for those with a vision for gradual improvement or who have modest space needs.

Frequently Asked Questions

1. What does "above average assessed value for the neighbourhood" actually mean?
It means the municipal property assessment for this home is higher than most similar homes in Dufferin. This can sometimes reflect the value of its large lot, but it's important to distinguish between the government assessment for tax purposes and the current market value.

2. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a standout feature and could allow for additions like a larger garage, a garden suite (subject to zoning and permits), or a significant extension. This flexibility is a key long-term advantage.

3. The living area is noted as "below average." How might that affect daily living?
With 852 sqft, the living space is compact. It would comfortably suit a small household or someone living alone. Buyers should consider if the layout and room sizes meet their needs, as the generous outdoor space may offset smaller indoor areas for some.

4. What should I know about an "unrenovated basement"?
This typically indicates the basement is in original or functional condition, but not modernized. It likely has basic utilities and storage space but may lack finished walls, ceilings, or flooring. It presents both a blank canvas and a potential future project.

5. How does the 2020 sale price relate to today's value?
The $160,000 sale price from January 2020 is a historical data point. Market conditions have changed since then, so current value will be influenced by recent sales, interest rates, and the property's condition today. It serves as a reference, not a current valuation.