Property Overview: 362 Semple Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering solid fundamentals for both comfortable living and future potential.
The 1,081 sqft living space is consistently average for its immediate area, city-wide, and neighbourhood, suggesting a manageable size for upkeep. The home’s standout feature is its 6,902 sqft lot, which ranks in the top 5% on its street and top 2% in Jefferson. This significant outdoor space is a considerable asset, offering room for gardening, recreation, or expansion. Built in 1955, the property is notably newer than many neighbouring homes, which may imply fewer immediate concerns related to the age of core components.
With a detached garage and no pool, the property suits buyers seeking low-maintenance, traditional homeownership without extra amenities. It would particularly appeal to first-time buyers, downsizers looking for a manageable single-level layout with outdoor space, or value-focused investors attracted by the renovated basement suite potential and the enduring value of a large lot in a mature neighbourhood.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $30,500 is a municipal figure for tax purposes. Recent sold price data for the area suggests market value can vary. Comparing this assessment to similar homes and recent sales on the street will provide a clearer market picture.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. It's essential to clarify the finish quality, the presence of proper permits, and whether it includes a separate entrance or kitchenette, as this impacts its utility and value.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a major advantage. A buyer should verify local zoning bylaws in Jefferson to understand what kind of additions, such as an extension, garage expansion, or laneway house, might be permissible.
4. How does the age of the home (1955) affect maintenance?
While newer than many area homes, a house from the 1950s will still require diligent inspection of its original components, such as the roof, plumbing, electrical systems, and foundation, to anticipate upcoming maintenance or upgrades.
5. What is the neighbourhood character of this part of Semple Avenue?
The proximity of similar-sized homes on comparable lots suggests a stable, established residential area. Reviewing nearby sales activity and visiting at different times can provide insight into the street's noise levels and overall ambiance.