715 Selkirk Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,428-square-foot home built in 1905, sitting on a 3,010-square-foot lot in the William Whyte neighbourhood of Winnipeg. The living area is notably above average for both the street and the neighbourhood—ranking in the top 14% on Selkirk Avenue and top 21% in the area—but roughly average citywide. That means you get more interior space than most nearby homes, without paying a premium for it. The assessed value of $121,000 is well below the street average of $193,800 and far below the citywide average of $390,100. The year built (1905) and land area (3,010 sq ft) are both below average across all three comparison levels.

The appeal here is straightforward: a relatively spacious interior at a low price point, in an older neighbourhood where many homes are similarly aged. It suits buyers who value square footage over land size or modern construction, and who are comfortable with the maintenance that comes with a century-old house. It could also work for investors or first-time buyers looking to enter the market with a lower assessed value and potentially lower property taxes. The trade-off is a smaller-than-typical lot and a home that is older than the vast majority of Winnipeg properties (top 98% oldest citywide).

Five Possible FAQs

1. How does this property’s assessed value compare to others nearby?
It’s significantly below the street average ($121,000 vs. $193,800) and roughly average for the William Whyte neighbourhood. Citywide, it ranks in the bottom 1% for assessed value. This suggests a lower tax base, but also means the property may need updates or renovations to reach its full market potential.

2. Is the living area unusually large for this type of home?
Yes, especially at the street and neighbourhood level. At 1,428 sq ft, it outperforms the average home on Selkirk Avenue (1,093 sq ft) and the William Whyte area (1,158 sq ft). Citywide it sits near the middle of the pack, so it’s not oversized by Winnipeg standards, but it is spacious for its immediate context.

3. What does the year built (1905) mean for maintenance or upgrades?
The home is older than 98% of properties citywide, so you should expect aging infrastructure: possibly original plumbing, electrical, or foundation work. Many homes from this era have been updated, but the data suggests this one may not have been fully modernized. A thorough inspection is recommended before purchase.

4. Why is the land area below average while the living area is above average?
This often means the house has a larger footprint on a relatively small lot, or has been added on to over time. While the interior feels generous, outdoor space is limited compared to other homes on the same street (3,010 sq ft vs. a 3,730 sq ft average). This could matter if you want a garden, parking, or room for expansion.

5. Who typically buys homes in this price and age range in William Whyte?
Buyers here are often looking for affordable entry points into Winnipeg’s housing market. The area has a mix of long-term residents, renovators, and landlords. With the assessed value so far below city averages, this property may appeal to someone willing to invest sweat equity or capital upgrades over time, rather than expecting a move-in-ready turnkey home.