Property Overview: 451 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key features include a renovated basement, a detached garage, and a notably generous 6,185 sqft lot that ranks well above average for both the street and the area. With 957 sqft of living space, the house itself is modest and typical for the immediate locale, but the expansive yard is a significant asset.
The appeal lies in its solid positioning within the local market. The property’s assessed value is strong for Jefferson and Semple Avenue, suggesting it is viewed favorably relative to its peers. The renovated basement adds modern livable space, while the large lot offers ample room for gardening, play, or future expansion. Built in 1954, it is a newer home compared to many on the street, potentially implying fewer immediate concerns with aging components.
This property would suit first-time buyers or practical downsizers looking for a manageable single-level layout with a low-maintenance footprint, but who still desire a sizable outdoor space. It’s also a sensible fit for value-focused investors or homeowners who see potential in the land itself, whether for personal enjoyment or long-term value.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others?
The assessed value of $32,200 is above the average for both Semple Avenue and the wider Jefferson neighbourhood, indicating it is a higher-value property in its immediate context. Citywide, its assessment is around the middle range.
2. Is the lot size unusual for this area?
Yes. The lot is over 6,000 sqft, which ranks in the top 6% for the Jefferson area. This means it is substantially larger than most neighbouring properties, offering more privacy and space.
3. 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 agent to understand if it’s a finished living space, a rental suite, or has updated utilities.
4. The home sold in late 2020. What can that price tell me?
The recorded sold price range from December 2020 ($27.5k - $30.5k) provides a historical benchmark. Comparing it to the current assessed value can offer insight into market trends and the property’s perceived appreciation, but should be considered alongside recent comparable sales.
5. How does the age of the home (1954) factor in?
While 72 years old, this home is actually newer than many on its street and in Jefferson, where average build years are 1946 and 1948, respectively. This could suggest updates to core systems may have already occurred, but a thorough inspection is always recommended.