Property Overview
This 1954 one-storey home at 371 Semple Avenue in Winnipeg's Jefferson neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a recently renovated basement and a detached garage, adding functional space to its 956 sqft layout. The lot is a comfortable 5,567 sqft, which is notably above average for the Jefferson area.
The home’s standout characteristic is its strong assessed value relative to its immediate surroundings. It ranks well above average for both the street and the neighborhood, suggesting it is viewed as a solid asset within this specific market. Recent sale history indicates steady value. This profile suits first-time buyers seeking a move-in-ready foundation, or investors looking for a stable rental property in an established area. It’s a home that offers more value within its local context than a citywide comparison might imply.
Frequently Asked Questions
1. How does the assessed value compare to nearby homes?
The home’s assessed value is in the top 14% on its street and the top 8% in the Jefferson neighborhood, meaning it is officially valued higher than most comparable properties nearby. Citywide, however, it is around the median.
2. Is the living space smaller than average?
At 956 sqft, the living area is close to the average for both Semple Avenue and Jefferson. It is, however, below the citywide average, which is typical for many established neighborhoods with older housing stock.
3. What does the sale history tell us?
The property sold in 2022 and again in 2023. The increase in sale price between those two transactions aligns with the home’s above-average assessed value for the area, indicating a trend of solid valuation.
4. What is the significance of the renovated basement?
A renovated basement adds immediate functional living space without the need for a major project. It’s a key feature that enhances livability and utility, which likely contributes to the home’s strong standing in neighborhood assessments.
5. How does the lot size benefit a buyer?
The lot is over 5,500 sqft, which is larger than many in Jefferson. This provides more outdoor space than typical for the area, offering room for gardening, recreation, or future additions like a shed or deck.