378 Semple Avenue

Property Overview: 378 Semple Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1917, situated on a modest lot in the Jefferson neighbourhood. Its key characteristics are defined by its below-average metrics for living space (882 sq ft), land size, and assessed value compared to nearby and city-wide averages. The home does feature a renovated basement, adding functional space.

The primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. It represents a lower-cost option in a city where average home sizes and values are significantly higher. The renovated basement is a practical asset, offering potential for a utility room, storage, or flexible living area. This property would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable, no-frills home. Its lower taxes and purchase price present an opportunity for those who prioritize financial feasibility over square footage or modern build dates. A thoughtful perspective is that its age and established location may offer a sense of settled community often absent in newer developments, though this comes with the expectation of maintenance consistent with a century-old structure.

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 smaller size, older age, and specific location within Jefferson. It is consistently ranked in the lower tier compared to homes on its street, in the area, and across Winnipeg, indicating it is priced for its segment of the market.

2. What does "renovated basement" likely mean for a home of this age?
While specifics aren't provided, in a 1917 home this typically indicates functional improvements like updated flooring, walls, and lighting to create a usable space. Buyers should inquire about the scope of the renovation, moisture control, and the height of the basement ceiling.

3. How does the lack of a garage affect daily living?
The property has no garage. This means relying on on-street parking and requires planning for vehicle security and winter weather. The trade-off is lower maintenance and a purchase price that reflects this absence.

4. The home sold in 2019 and 2021. Is that a concern?
The recent sales history suggests it may have been used as a rental property or that previous owners moved on quickly. It’s a neutral point that warrants asking about the reasons for sale and understanding any work done during those periods of ownership.

5. How should I interpret the ranking data (e.g., "Top 71%")?
A "Top 71%" rank for living area means that 71% of comparable homes on Semple Avenue are larger. In this context, most rankings are in the 70th-90th percentile, confirming this home is consistently below average in size, value, and land for its comparison groups, which is reflected in its price point.