Property Overview: 228 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Semple Avenue in the Jefferson neighbourhood is a straightforward, no-frills property. Its key characteristics are defined by its modest scale and vintage. Built in 1917, the 680 sqft living space is compact, and the home features an unrenovated basement and a detached garage. The lot size is approximately 3,094 sqft.
The primary appeal lies in its position as one of the most accessible entry points into homeownership in Winnipeg. With a very low assessed value and a history of similarly low sale prices, it represents a minimal financial barrier to entry. This isn't a move-in-ready showcase home; its appeal is for the practical buyer who sees potential in the fundamentals—a solid structure on its own land—and is willing to build sweat equity over time. It would suit a hands-on first-time buyer, an investor looking for a basic rental property, or someone seeking an extremely low-cost living arrangement while they save or plan for future renovations. A less obvious perspective is that its small size and low overhead could offer a unique form of financial freedom, minimizing mortgage and utility burdens in a way larger homes cannot.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's age, compact size, and lack of recent renovations compared to the broader Winnipeg market. It is in line with other smaller, older homes in the immediate area.
2. What does "below average" in the rankings mean for a buyer?
For key metrics like living area and assessed value, this property ranks in the bottom 10-15% compared to its local and city-wide peers. This directly indicates its affordability and its nature as a smaller, fixer-upper opportunity rather than a turn-key home.
3. Is the unrenovated basement finished or usable?
The details specify the basement is "not renovated." Buyers should assume it is in original or utility condition, not a finished living space, and budget accordingly for any desired improvements.
4. What can the 2025 sale price be expected to be?
While the exact price is set by the market, the historical data shows a sale in the $14.5k-$17.5k range in 2017. Given the consistent low assessed value, it is likely to remain one of the most affordable detached properties in the city.
5. Who should consider this property, and who should avoid it?
It is ideal for a buyer with a tight budget, DIY skills, and a vision to gradually improve a home. It is not suitable for someone seeking modern finishes, ample space, or a property that doesn't require immediate investment in maintenance and updates.