374 Semple Avenue

Property Overview

This one-and-a-half storey home at 374 Semple Avenue in Winnipeg's Jefferson neighbourhood presents a practical, no-frills ownership opportunity. Built in 1912, its key appeal lies in its renovated basement and its position as a modestly-sized, financially accessible property within the city. The home sits on a smaller, 3,092 sqft lot and has 976 sqft of living space, which is fairly typical for its immediate area but below the Winnipeg city average. It features a detached garage. Recent sales data shows steady activity, with the home selling in 2022.

Key Characteristics & Ideal Buyer

The primary appeal of this property is its grounded affordability and functional updates in a mature neighbourhood. Its assessed value and recent sale prices are consistently below city-wide averages, making it a clear entry-point into the market. The renovated basement adds valuable finished space. While the lot is smaller and the home is notably older than most in Winnipeg, this translates to lower property taxes and a simpler yard to manage.

This home would suit a first-time buyer, an investor looking for a straightforward rental property, or a downsizer seeking a compact, low-maintenance footprint without a major renovation project. It’s for someone who prioritizes financial practicality and location over modern size standards or a large outdoor space. A thoughtful perspective is that its age and smaller scale offer a hedge against the ongoing trend of larger, more expensive homes, representing a classic, efficient form of housing.

Frequently Asked Questions

1. How does the home’s age affect maintenance?
Built in 1912, the home is significantly older than most in Winnipeg. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, as updates over the years will be a key factor in ongoing maintenance costs.

2. Is the smaller lot size a disadvantage?
While the lot is below average in size for the city, it is relatively proportional to the home’s footprint. This means less yard work and lower exterior maintenance costs, which can be an advantage for those seeking simplicity. However, it offers limited space for expansions, large gardens, or extensive outdoor recreation.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the finish, ceiling height, necessary permits, and whether it includes a legal secondary suite or additional living space like a family room or bedroom.

4. How stable has the property’s value been?
Based on the provided sale history, the home sold twice in 2022, showing active market interest. The sale price range increased between February and September of that year, suggesting responsiveness to market conditions. Its assessed value remains consistently modest compared to city averages.

5. What is the neighbourhood of Jefferson like?
Jefferson is an established, no-frills neighbourhood. The property metrics show the home is fairly typical for the area in terms of size and value, indicating a community of similar, modest homes. Buyers should explore the area in person to assess amenities, traffic patterns, and overall community feel to see if it aligns with their lifestyle.