Property Overview: 407 Semple Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in the Jefferson neighborhood stands out for its generous scale and strong positioning within its local market. Built in 1954, its primary appeal lies in its above-average living space of 2,128 sqft, which ranks in the top 2% of homes on Semple Avenue and the top 1% within Jefferson. This significant size advantage over comparable area homes offers substantial room for a growing family or those who value spacious interiors. The property features a renovated basement and a detached garage, situated on a standard-sized lot of just over 5,500 sqft.
Its assessed value of $38,800 is notably strong for the immediate area, ranking in the top 4% on its street, suggesting it is viewed as a premium property in this context. The home would particularly suit value-conscious buyers looking for maximum square footage within established neighborhoods, or those who see the appeal in a house that already outperforms many of its direct peers in key metrics. It represents a practical choice for someone prioritizing interior space over a large yard or a brand-new build, in a setting where the home's stature is clearly recognized.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in late 2020 for an estimated range of $32.5k to $35.5k. Its current assessed value of $38.8k reflects market changes and the property's strong standing in the area. This growth trajectory is an important point of discussion with a real estate professional.
2. What does the "elite" ranking for living area actually mean for daily life?
It means that for this street and neighborhood, you are getting significantly more indoor space than is typical. This translates to more flexibility for home offices, larger family rooms, or additional storage without the premium often associated with such size in newer subdivisions.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite. This is a key detail to verify with the listing agent, as it impacts rental potential, insurance, and overall value.
4. The assessed value ranks high locally but is average citywide. Why is that?
This highlights the neighborhood's affordability relative to the entire Winnipeg market. You are acquiring a top-tier property for Jefferson at a value that sits in the middle of the pack citywide, which can be an advantage for long-term equity growth within a desirable community.
5. What are the implications of the home's age (1954)?
While well-maintained, a home of this age will likely have older core components, like plumbing, electrical, and the roof. The renovated basement is a plus, but a thorough inspection is essential to understand the condition of original elements and plan for future updates.