340 Semple Avenue

Property Overview: 340 Semple Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home at 340 Semple Avenue is a practical entry-point into Winnipeg’s Jefferson neighborhood. Built in 1953, its key characteristic is its modesty: with 836 sqft of living space and an unrenovated basement, it presents a straightforward, no-frills canvas. The detached garage and a land area of just over 4,600 sqft offer functional outdoor space and parking.

The appeal lies in its position as a relative value option. Its assessed value of $260k sits below the citywide average, and recent sold price data suggests it transacts in a lower range than many comparable homes. This creates an opportunity for equity building through updates over time. It’s notably newer than many homes in the immediate Jefferson area, which could mean fewer age-related issues than some neighbors.

This property would best suit first-time buyers or practical investors seeking an affordable foothold. It’s for those comfortable with a home that requires cosmetic updates or who prioritize land and location over move-in-ready finishes. The unrenovated basement, while a project, offers potential for future expansion or rental income to help offset costs.

Frequently Asked Questions

1. Is the below-average living space a major drawback?
While the 836 sqft is compact, it’s relatively typical for the street and area. For a small household or a buyer viewing the basement as future finished space, the size can be efficient and manageable.

2. What does “below average” assessed value really indicate?
It primarily suggests the property is valued lower than many peers, which can translate to a relatively lower purchase price and property taxes. It often reflects the home’s modest size and condition, not necessarily its potential.

3. The home is older. What should I be most concerned about?
Built in 1953, major systems like plumbing, electrical, and the roof should be a key focus of inspection. However, being newer than the Jefferson average could be a slight advantage regarding the age of these components.

4. How useful is the unrenovated basement?
In its current state, it’s primarily for storage and utilities. Its true value is in its potential; it offers a clear opportunity to add significant living space or a rental suite, which would dramatically increase the home’s utility and value.

5. The sold price history shows a range. What’s the exact price?
The listing service provides sold price ranges from public data. To obtain the exact historical sold price for this property, you must request it directly via the provided email link, as this information is manually verified and shared.