Property Overview: 491 Semple Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 6,307 sqft lot in Jefferson presents a practical and value-oriented opportunity. Built in 1954, its key appeal lies in its above-average land size for the area—ranking in the top 5% of Jefferson—offering room for gardening, play, or expansion. The home itself, at 1,086 sqft, is competitively sized for the neighborhood and features a renovated basement and a detached garage. Its assessed value consistently ranks above average for both the street and the broader Jefferson area, suggesting a well-regarded property in its local market context.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance footprint, but who still desire a sizable yard. It also appeals to value-focused buyers who prioritize a home’s underlying land asset and potential over high-end finishes. A thoughtful perspective is that while the home’s living space is average, the lot size is a standout feature that provides a sense of space and future flexibility not commonly found in this price segment, making it a strategic buy in a established neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $33.40k ranks in the top 20% on its street and top 13% in the Jefferson area, indicating it is considered a higher-value property within its immediate local context compared to peers.
2. What is the condition of the basement?
The listing notes the basement has been renovated. Prospective buyers should inquire about the scope of the renovation, permits, and the basement’s current use and finish.
3. Is the lot size a significant advantage?
Yes. The lot is 6,307 sqft, which is notably larger than many in Jefferson (top 5% for the area). This provides more outdoor space than typical and could be a long-term asset.
4. What are the typical utility and maintenance costs for a home of this age?
As a home built in the 1950s, buyers are advised to budget for potential updates to major systems like roofing, plumbing, or insulation, and to ask for recent utility bills to estimate ongoing costs.
5. Can I get the exact historical sale price?
The listed sale price range is based on public data. The exact sold price is available by request via email from the listing service, which provides the accurate figure manually without marketing spam.