229 Selkirk Avenue – Property Summary

Key Characteristics & Who It Suits

This is a 1907 home with 1,240 square feet of living space on a 3,547-square-foot lot. Its assessed value is $143,000.

Where the property stands out most is its land area within the neighborhood. The lot ranks in the top 24% of the William Whyte area, meaning you get more outdoor space than most nearby homes. The living area is also slightly above average for the immediate street (top 22%), though it falls just below the citywide average.

The trade-off is the age and the assessed value. The home was built in 1907, placing it among the older properties on the street and citywide. The assessed value is notably low compared to the city average of $390,100—which reflects both the age and the neighborhood's current market. This isn't necessarily a negative; it points to a lower entry price point relative to much of Winnipeg.

Who it suits: Buyers who are comfortable with an older home and want a larger-than-typical lot in a central neighborhood. It could work well for someone looking to renovate or add sweat equity, or for an investor seeking a lower-cost entry into the market. It's less suited for someone who wants a newer, move-in-ready home or a compact, low-maintenance yard.

Five Possible FAQs

1. The assessed value is $143k, but the city average is $390k. Does that mean the house is in bad shape?
Not necessarily. Assessed value reflects the municipality's estimate of market value based on location, age, and comparable sales, not a home inspection. Older homes in central neighborhoods often carry lower assessments than newer suburbs. It’s best to treat this as a starting point and get a professional inspection, but a low assessment doesn’t automatically mean major issues.

2. The lot is 3,547 sq. ft., which is larger than most in the neighborhood but smaller than the city average. Why the difference?
William Whyte is an older, more established area where lots tend to be more uniform and modest in size than newer suburban developments. A 3,500 sq. ft. lot is generous for the neighborhood—it ranks in the top 24%—but doesn't compare to the six-figure lots common in newer subdivisions. If you want a good-sized yard without the maintenance of a large property, this strikes a balance.

3. The house was built in 1907. Are there any common concerns with homes this old?
Typical considerations include knob-and-tube wiring, galvanized plumbing, foundation settling, and less insulation. But many century homes have been updated over time. It's worth checking when the major systems (roof, furnace, electrical) were last replaced. Older homes also often have solid wood framing and character features you won't find in new builds.

4. How does this property compare to others for sale on the same street right now?
Based on the data, the house is in the top 22% for living area and top half for lot size on Selkirk Avenue, while its assessed value is near the average for the street. That suggests it's not the smallest or the cheapest on the block, but offers more interior space than many neighbors. You'd want to check current listings to see how list prices compare.

5. Is the William Whyte neighborhood considered up-and-coming?
William Whyte is a central neighborhood that has seen some reinvestment in recent years, but it's still one of the more affordable areas in Winnipeg. It's close to the North End and downtown, with older housing stock and a mix of renters and owners. The lower entry price reflects that it's not a high-demand area citywide, but for buyers priced out of more expensive central neighborhoods, it can offer good value.