Property Overview
220 Semple Avenue is a compact, one-storey home built in 1920, situated on a standard city lot in Winnipeg's Jefferson neighbourhood. Its key appeal lies in being an accessible, lower-priced entry point into the market, particularly for first-time buyers or investors. The home's recently renovated basement adds functional living space, offsetting its smaller-than-average main floor area of 672 sq ft.
This property suits buyers prioritizing financial accessibility over size, or those looking for a manageable, low-maintenance footprint. Its assessed value ranks moderately well against local averages, suggesting it is priced appropriately for its offering. A thoughtful perspective is that this home represents a practical "blank canvas"—its smaller scale and renovated basement provide a solid foundation for creative use of space without the immediate pressure or cost of major renovations. It's a home for living efficiently, not for extensive entertaining.
Frequently Asked Questions
How does the living area compare to nearby homes?
At 672 sq ft, the living area is below the average for the street, neighbourhood, and city. This indicates a more compact, efficient layout compared to many surrounding properties.
What does the "below average" ranking for Assessed Value mean?
While the assessed value of $240,000 is below various geographic averages, it ranks in the top 75-85% of comparable homes. This suggests the home is valued appropriately for its specific market segment and may represent a relatively affordable option within its peer group.
Is the 1920 build date a concern?
The home is older than most in its comparison groups. Prospective buyers should prioritize a thorough inspection to understand the condition of core systems like wiring, plumbing, and the foundation, which are typical considerations for a home of this age.
How usable is the land?
The 3,094 sq ft lot is smaller than area averages but is a standard city lot size. It provides adequate outdoor space for a garden or patio but may not accommodate large additions or extensive landscaping projects.
Who would this property not suit?
It is likely not a fit for buyers needing multiple bedrooms, dedicated home office spaces, or large-scale indoor entertaining areas. The compact main floor living area requires efficient use of space.