Property Overview
This one-storey home at 275 Semple Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, entry-level opportunity. Built in 1910, its 760 sqft of living space sits on a 3,094 sqft lot, with an unrenovated basement and no garage. The key data points consistently show it ranks below average in size, value, and land area compared to nearby and city-wide homes, reflected in its assessed value of $20,800. Recent sold price history indicates transactions in the low-to-mid $20,000s.
Key Characteristics & Appeal
The primary appeal of this property is its accessibility. With a very low price point and correspondingly low property taxes, it represents one of the most affordable paths to homeownership in Winnipeg. Its compact size and minimal yard work translate to easy maintenance. The appeal lies not in luxury or space, but in function and opportunity.
It would suit a specific type of buyer: a first-time purchaser or investor with a limited budget who values getting into the market above all else. It’s a practical canvas for someone with renovation skills willing to gradually improve an older home, or for an investor seeking a bare-bones rental property. A less obvious perspective is its potential as a "stepping stone" asset—owning it builds equity with a minimal financial burden, which can be leveraged for a future move. Its location in an established neighbourhood like Jefferson offers stability, even if the home itself is modest.
Frequently Asked Questions
1. Why is the price so low?
The price reflects the home's smaller size, age (built 1910), and below-average metrics for the area. It's an unrenovated, basic property, which positions it at the most affordable end of the market.
2. What would the monthly costs be?
Beyond a mortgage, expect property taxes based on the $20,800 assessed value, which would be very low. Utilities for a small, older home, and maintenance reserves for potential repairs should be factored in.
3. Is this a good investment?
For a hands-on buyer or investor, it could be. The low entry cost minimizes risk, and any improvements could add value. As a rental, it would likely attract tenants seeking the lowest possible rent. Its value is more in affordability and land ownership than in rapid appreciation.
4. What are the major drawbacks?
The home is small (760 sqft), has an unrenovated basement, and no garage. It ranks below average in nearly every category for the street and neighbourhood, meaning it may lack features and space that comparable homes have.
5. How accurate are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold prices, you must request them via email from the site, as they are verified and provided manually.