Property Overview: 389 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Semple Avenue in the Jefferson neighbourhood is a compact, no-frills property built in 1917. Its key characteristic is its affordability, underscored by a very low assessed value. At 664 sqft, the living space is notably smaller than most comparable homes in the area, city, and even on its own street. The property features a basement (not renovated), no garage, and no pool, situated on a modest 3,093 sqft lot.
Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. It suits buyers with a limited budget who prioritize ownership in a specific location over square footage, or investors looking for a low-cost rental property. A thoughtful perspective is its potential for a buyer who sees value in the lot itself—as a long-term hold, a candidate for eventual rebuild, or for someone seeking minimal maintenance and utility costs. It’s a practical choice for those who view a home strictly as shelter and are comfortable with its vintage and scale.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's smaller size, older age, and lack of renovations compared to the typical Winnipeg home. It is in line with values for similar, very modest homes in its immediate area.
2. What does "below average" in the rankings mean for a buyer?
For metrics like living area, it confirms the home is physically smaller than most. For value, it indicates the price point is lower than the norm. This isn't inherently negative—it directly translates to lower property taxes and a lower cost of entry.
3. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." Buyers should assume it is in original, utilitarian condition—likely suitable for storage and mechanical systems but not as finished living space without investment.
4. How recent is the sold price data?
The home sold between September 2024 and April 2025 for an estimated $13.5k to $16.5k. The exact sale price can be requested from the site, as it is not fully disclosed in public records.
5. Are the nearby "similar assessed value" properties comparable in style?
Not necessarily. The list groups properties by identical assessed value ($18.80k) for financial comparison, but they may be in different neighbourhoods and include condo units. It's useful for tax and value context, not for judging the character of Semple Avenue.