Property Overview: 229 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a compelling mix of modern convenience and established community value. Its key characteristic is its standout assessed value relative to the area, ranking in the top 3% on its street and top 2% in Jefferson, suggesting it is viewed as a premium property within its immediate market. Built in 2011, it is a notably newer home compared to the neighbourhood's average, offering contemporary construction and likely lower immediate maintenance needs.
The appeal lies in this combination of a modern, manageable footprint (1,061 sqft) and a renovated basement, situated on a standard city lot. It suits practical buyers looking for a move-in-ready home without the uncertainties of an older structure. It would particularly fit first-time buyers or downsizers who prioritize modern systems and a low-maintenance lifestyle, but who also value a detached garage and the stability of an established area. A less obvious perspective is its potential as a strategic purchase: owning one of the newest homes on a street of mostly older properties can provide a unique advantage in terms of upkeep costs and future resale appeal to similar-minded buyers.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment reflects the property's modern build year (2011) and renovated condition relative to the many older homes in Jefferson. Assessors value newer construction and updates, which places this home in a higher tier within the local market.
2. How does the living space compare to a typical Winnipeg home?
At 1,061 sqft, the living area is very close to the average for both Jefferson and the street, but is noticeably more compact than the city-wide average. This indicates an efficient, likely easier-to-maintain layout that is standard for the immediate area.
3. What does the sale history indicate?
The home sold in late 2017 for an estimated price range that was above the local average at that time, consistent with its higher assessed value. This past transaction supports the pattern of it commanding a premium within its neighbourhood context.
4. Is the lot size a limitation?
The land area is average for the street and neighbourhood. While not expansive, it is typical for the community and requires a standard level of upkeep. It may not suit those seeking extensive outdoor space, but is proportionate to the home's size.
5. Who are the most comparable properties?
The most direct comparisons are other homes with the same assessed value, which the data shows are primarily located in the Elmhurst area, not necessarily on Semple Avenue. This suggests that by official valuation, this property aligns with homes in other neighbourhoods, highlighting its relative standing.