227 Semple Avenue

Property Overview

This 1925 one-storey home on a 3,095 sqft lot at 227 Semple Avenue presents a highly specific opportunity. Its key characteristic is its modest scale, with a living area of 520 sqft and an assessed value significantly below local averages. The home features a detached garage and a basement that is noted as being unrenovated. Data indicates it is among the smallest and lowest-assessed properties in the Jefferson neighbourhood, on Semple Avenue, and city-wide.

Its appeal lies squarely in its position as an entry point into the market, a low-cost investment property, or a project for a hands-on buyer. It suits a very practical buyer: a first-time purchaser seeking the lowest possible price to build equity, an investor looking for a rental with minimal initial capital outlay, or someone interested in a complete renovation or rebuild on an established lot. A less obvious perspective is its potential for someone seeking to minimize their physical footprint and property taxes, as its operating costs are likely among the lowest available for a standalone house. Its value is fundamentally in the land and the opportunity it represents, rather than in its current condition or size.

Frequently Asked Questions

1. Is this a "teardown" property?
While the home is small, older, and has an unrenovated basement, it is a functioning house. Whether it's a candidate for a teardown would depend on a buyer's goals, a professional inspection, and local renovation/rebuild regulations. It is more accurately described as a major fixer-upper or a land-value play.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's very small size, age, and likely current condition compared to the typical Winnipeg home. It is assessed in line with similar, very modest properties in its immediate area.

3. What are the main considerations for living in a 520 sqft house?
Efficient use of space is paramount. Storage will be limited, and the layout may feel confined, especially if the basement is unfinished or unsuitable for daily living. It's ideal for a single person, a couple, or someone who spends little time at home.

4. Can the basement be developed to add living space?
The listing notes the basement exists but is "not renovated." Any development would require proper permits, likely significant investment to address moisture proofing, insulation, and egress, and should be factored into the total project cost.

5. How does the sold price history work?
The listed sold price is a range based on public data. To obtain the exact sale price from December 2016, you must request it via email from the site, as they manually verify and provide this detail.