Property Overview: 382 Semple Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a compelling blend of space, value, and potential. Its key strength lies in its generous 6,803 sqft lot, which ranks in the top 3% of the neighbourhood, offering ample outdoor space that is increasingly rare. The living area (1,139 sqft) is comfortably above average for both the street and local area. A significant feature is the renovated basement, adding functional living space. The home’s assessed value is notably high for its immediate area, indicating strong underlying value perception from the city assessor.
The appeal here is multifaceted. It suits buyers looking for a solid, single-level layout with a large yard for gardening, children, or future expansion. The renovated basement adds immediate utility for a growing family, a home office, or a separate living area. Financially, it represents a stable investment in a mature neighbourhood where the land itself is a major asset. It’s particularly well-suited for first-time buyers or downsizers seeking manageable living without sacrificing outdoor space, or for an investor attracted by the strong assessed value and renovated condition.
Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood mean?
A city assessment in the top 3-5% for the area often reflects factors like lot size, renovations, and overall condition. It suggests the property is considered a premium offering on its street, which can be positive for equity, though it's important to compare it to recent actual sale prices in the area.
2. How does the age of the home (1954) factor in?
Built in 1954, the home is newer than many in Jefferson. This can mean updates to original systems and potentially fewer immediate major repairs than in older homes, but a thorough inspection of the roof, wiring, and plumbing for a house of this era is still essential.
3. Is the detached garage a pro or a con?
This depends on preference. A detached garage provides flexible space separate from the house and can be ideal for a workshop or project space. However, it means navigating outdoors to access your vehicle, which can be a drawback during Winnipeg winters compared to an attached garage.
4. The sold price history shows ranges. How can I get the exact figures?
The listing service notes that exact sold prices are available upon direct request via email. They provide this data manually and state they do not use contact information for unsolicited marketing.
5. The lot is large, but are there any restrictions on its use?
A lot of this size (over 6,800 sqft) offers great potential. Buyers should verify zoning with the city to understand allowances for additions, sheds, or other structures, and check for any utility easements that might affect where they can build.