Property Overview
214 Semple Avenue is a compact, one-storey home built in 1915, situated on a standard-sized lot in Winnipeg's Jefferson neighbourhood. Its key appeal lies in its position as an accessible entry point into the market. The home is notably smaller than most, with 683 sqft of living space, and has a recently renovated basement. It does not have a garage or pool. The assessed value is significantly below city averages, reflecting its size and age. This property would suit first-time buyers, investors looking for a rental property, or downsizers seeking a minimal-maintenance footprint. Its below-average costs present an opportunity for those willing to live modestly or who view the land as the primary long-term asset.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, proper egress, and whether it includes a separate suite or additional living space.
Why is the assessed value so much lower than the city average?
The assessed value of $18,900 is based on the property's specific characteristics—its very small size (683 sqft), age (1915), and lack of a garage. It is assessed for what it is, not for the potential of the land, which is a separate consideration.
How does the recent sale price compare to the assessment?
The home sold in July 2022 for an estimated range of $16,500 to $19,500. This aligns closely with its current assessed value of $18,900, suggesting stable, value-based pricing in recent years.
Is the land size a redevelopment opportunity?
The lot is a standard 4,642 sqft, which is around average for the area. While larger than the house itself, it may not be substantial enough for a major redevelopment on its own, but it does offer decent outdoor space for a home of this size.
What are the implications of buying a home this old?
Built in 1915, the home is over a century old. While charm and character are potential benefits, buyers should budget for and investigate older mechanical systems (like plumbing and wiring), the foundation, and the need for ongoing upkeep consistent with a vintage property.