Property Overview
This one-storey home at 388 Semple Avenue in Winnipeg's Jefferson neighbourhood presents a practical opportunity with notable land value. Built in 1954, its key appeal lies in its generous 6,556 sqft lot, which ranks in the top 4% for size within the local area. The 1,048 sqft living space is comfortably average for the street and neighbourhood, and it features a renovated basement. A detached garage completes the picture.
The home suits a buyer looking for a solid foundation—literally. Its greatest asset is the land itself, offering above-average outdoor space and future potential in a city where lot sizes are typically smaller. It would appeal to a first-time buyer or an investor seeking a character home with a manageable footprint, or to someone who values a larger yard for gardening, pets, or family space over a larger house. The renovated basement adds functional living area, a plus for those needing extra room without a complex addition.
Frequently Asked Questions
What is the true standout feature of this property?
While the home itself is of average size and age for the area, the lot size is exceptional. The land parcel is significantly larger than most in Jefferson, offering rare outdoor space and potential.
How does the assessed value compare?
The assessed value of $30,600 is above average for the Jefferson neighbourhood (top 30%), but sits around the average for Semple Avenue itself. This suggests the property is valued in line with its immediate surroundings.
What can recent sale prices on the street tell me?
A nearby home sold in late 2022 for between $24.5k and $27.5k. Given that this property has a higher assessed value and a renovated basement, it indicates a potentially stronger market position, but reviewing exact sale prices is advised for precise comparison.
Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite with a separate entrance. This is a key detail to verify for those considering rental income or separate living quarters.
What’s the broader context for a 1954-built home?
At 72 years old, this home is actually newer than many on its street and in Jefferson, ranking in the top 20% for year built locally. This is a less obvious advantage, potentially meaning updates to core components may have already been addressed compared to older neighbours.