Property Summary: 235 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1944. Its key characteristic is its modest scale, with a living area of 588 sqft that places it among the smaller homes in the area. The property features a renovated basement and a detached garage on a roughly 5,000 sqft lot, which is a standard size for the street.
The primary appeal lies in its affordability and simplicity. With a very low assessed value and recent sale prices in a modest range, it represents a clear entry point into homeownership. It would suit a specific type of buyer: a first-time purchaser, an investor looking for a straightforward rental property, or someone seeking a minimal footprint without the burden of a large mortgage. Its renovated basement adds functional living space, making the overall package more viable despite the small main floor.
A less obvious perspective is that a home of this size and value offers financial resilience. Property taxes and maintenance costs are likely to be proportionally low, providing stability. Furthermore, its average lot size presents a blank canvas relative to the house itself, offering potential for outdoor living or future expansion, subject to local regulations.
Section 2: Frequently Asked Questions
1. Is the house actually livable at under 600 sqft?
Yes, especially with the renovated basement. The total usable space is greater than the main floor living area suggests. This layout can work well for a single person, a couple, or as a strategic investment property.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, age, and the local market in Jefferson. It is consistent with similar, smaller properties in the area and is the primary driver of the home's affordability.
3. What does the sales history indicate?
The home sold in 2023 and previously in 2019. The increase in sale price between those dates shows market movement, while the prices remaining in a low range confirm its position as an affordable property. Exact prices are available upon request.
4. Who are the typical neighbours or buyers in this area?
Jefferson is an established neighbourhood with a mix of long-term residents and investors. Given this home's profile, it would likely attract pragmatic buyers focused on value, utility, and location over premium finishes or size.
5. Are there major red flags given the age and price?
The age (1944) is typical for the area. The renovated basement is a positive update. As with any older home, a thorough inspection is essential to understand the condition of core systems like wiring, plumbing, and the foundation, which is the responsible step for any buyer at this price point.