Property Overview: 418 Semple Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a spacious 6,182 sqft lot in Jefferson presents a practical and value-oriented opportunity. Built in 1953, its 1,048 sqft living area is squarely average for the area, but the property stands out for its above-average assessed value within the neighbourhood, suggesting it may offer better finishes, condition, or utility than many nearby homes. A key feature is the renovated basement, adding functional living space. The detached garage provides flexible storage or workshop potential.
The appeal lies in its grounded metrics and established neighbourhood setting. It’s not an outlier in size or age, but it holds its own with a larger-than-typical lot for Jefferson and an assessed value that ranks in the top 15% of the area. This indicates a property that is well-positioned within its local market context. It would suit first-time buyers seeking a solid entry point, practical homeowners who value usable lot space over excessive square footage, or investors looking for a stable asset in an established community. The renovated basement adds immediate utility without the need for a major project.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means that, compared to similar homes in the immediate Jefferson area, this property’s official assessed value is higher than 85% of them. This often reflects updates, overall condition, or desirable lot characteristics that the municipality recognizes in its valuation.
2. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it’s a legal, separate suite. This is a crucial point to verify with the listing agent and the city, as it impacts value, insurance, and potential rental income.
3. How does the sold price history from 2022 relate to today’s value?
The home sold in late 2022 for an estimated $32.5k-$35.5k, closely aligned with its current $32.9k assessment. This recent sale provides a concrete benchmark, but current market conditions and any further updates since 2022 will determine the present listing price.
4. The home is "around average" in size for the city. Is that a disadvantage?
Not necessarily. While the living area is smaller than the citywide average, the lot size is notably above average. This trade-off may appeal to those who prioritize outdoor space over a larger interior footprint, a common preference for families or gardeners.
5. What are the implications of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. However, it may be less convenient in winter than an attached garage and could represent a future maintenance or upgrade project separate from the house.