Property Overview
This well-maintained 1954 one-storey home at 402 Semple Avenue offers a practical and comfortable living space in Winnipeg's Jefferson neighbourhood. With 1,253 square feet of living area and a renovated basement, it provides more space than many comparable homes in the immediate area. The property sits on a generous 5,814 sqft lot and includes a detached garage. Its recent sale in late 2023 indicates a stable and active market for homes in this category.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average footprint and updated basement within its local context. It ranks in the top 15-20% for both living area and assessed value within the Jefferson neighbourhood, meaning it offers more house for the money than many surrounding options. The renovated basement adds valuable finished space, increasing its functionality. The lot size is also notably larger than many in Jefferson, providing good outdoor space.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing space. It’s also a solid choice for a pragmatic investor or buyer seeking a home in a stable area that already has key renovations addressed, offering a move-in-ready foundation. A less obvious perspective is that its "above average" standing on its street and in Jefferson, while being average city-wide, suggests it's a standout property in a more affordable area—a smart value proposition for those prioritizing space and condition over a specific postal code.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is consistently above average for its neighbourhood. It has more living space, a higher assessed value, and a larger lot than most comparable homes in Jefferson.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand the quality and use of the space.
3. Is the assessed value the same as the market price?
No. The assessed value of $33,600 is for municipal tax purposes. The home sold for between $32,500 and $35,500 in late 2023, which is a more accurate reflection of its recent market value.
4. What are the implications of the home being built in 1954?
While the home is older, its ranking shows it is newer than many on its street and in Jefferson. Buyers should still consider the potential for age-related maintenance, though the renovated basement may indicate some updates have been made.
5. Why is the city-wide average assessed value so much higher?
The city-wide average includes homes from all neighbourhoods, including newer and higher-value areas. This comparison highlights that Jefferson is a more affordable area of Winnipeg, making this property’s above-average status within the neighbourhood particularly relevant.