Property Overview
This 881 sqft, one-storey home at 474 Semple Avenue in Winnipeg's Jefferson neighbourhood presents a practical and affordable entry point into homeownership. Built in 1953, it sits on a notably generous 5,816 sqft lot for the area, offering more outdoor space than many nearby properties. Key features include a renovated basement and a detached garage. The home's assessed value is in line with its immediate street and neighbourhood, but sits below the Winnipeg city-wide average, indicating its primary appeal is within the local market context.
Its core appeal lies in its functionality and lot size. The renovated basement adds usable living space, while the large lot provides rare potential for gardening, expansion, or simply more private outdoor room compared to typical area plots. It would suit first-time buyers seeking a solid starter home without a premium price tag, or practical-minded individuals who value land space over a large interior footprint. A less obvious perspective is that its "average" metrics within Jefferson might actually be a stability advantage, insulating it from the sharper value fluctuations that can affect properties at the extremes of a market.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 881 sqft, the living space is below average for the city overall, but is competitive within the Jefferson neighbourhood itself. It's a compact layout typical of its era.
2. What does the lot size mean for me?
The 5,816 sqft lot is a standout feature, ranking in the top 16% for size in Jefferson. This means more yard space than most direct neighbours, which could be used for recreation, storage, or future projects.
3. Is the assessed value a good indicator of the selling price?
The assessed value is for municipal tax purposes. While it provides a benchmark, the actual market price is determined by current conditions. The last recorded sale was in 2017.
4. What is the significance of the renovated basement?
A renovated basement adds immediate functional living space without the need for a primary renovation project. It's important to clarify the scope and quality of the renovation, including permits and moisture control.
5. Who are the most likely buyers for this property?
This home is most suited to first-time buyers or downsizers looking for a manageable, single-level layout in Jefferson. Its value proposition is grounded in a large lot and move-in-ready basement, rather than high-end finishes or square footage.