Property Overview
This 1913 one-storey home at 282 Semple Avenue in Winnipeg's Jefferson neighbourhood is a compact, entry-level property with a distinct profile. Its key appeal lies in its affordability and low property tax base, as reflected by its assessed value of $21,500. With 658 sqft of living space and a 3,090 sqft lot, it is notably smaller than most comparable homes in the area, city, and even on its own street. The home features a detached garage and an unrenovated basement.
This property would suit a very specific buyer: a first-time purchaser or investor seeking the absolute lowest possible entry point into the Winnipeg market. Its low carrying costs are a major draw. It may also appeal to a hands-on buyer who views the below-average size and condition not as a drawback, but as a manageable canvas for gradual improvement without the pressure of a large mortgage. The modest lot, while smaller than average, offers a low-maintenance outdoor space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—its smaller size, age, and likely condition—compared to the broader market. It places this home in the more affordable tier of Winnipeg properties, which directly translates to lower municipal property taxes.
2. How does the living area compare to nearby homes?
At 658 sqft, the living space is significantly below average. For context, similar homes on Semple Avenue average about 1,038 sqft, and typical city-wide homes average about 1,342 sqft. This indicates a compact floor plan.
3. What does "below average — Top 95%" for Living Area mean?
This statistic means that for living area size, this property ranks in the bottom 5% (top 95% refers to the percentage of homes it is outperformed by) when compared to 198 homes on Semple Avenue. It is consistently smaller than most peers in the neighbourhood and city.
4. Is the recent sale price history available?
Exact sale prices are not publicly listed. Available data shows estimated sale price ranges: $20.5k-$23.5k in October 2024 and $17.5k-$20.5k in May 2019. The precise figures can be requested directly from the listing source.
5. What are the main considerations for a potential buyer?
The primary considerations are the home's compact size and probable need for updates, balanced against its very low cost of acquisition and ownership. A pre-purchase inspection is highly recommended to understand the condition of the 113-year-old structure and basement. The smaller lot size may limit expansion possibilities but reduces maintenance.