Property Overview: 490 Semple Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a spacious lot in Jefferson presents a practical and straightforward opportunity. Its key characteristics include 1,050 sqft of living space, a renovated basement, and a detached garage. Built in 1954, it is notably newer than many homes in the immediate area and Jefferson neighbourhood. The lot size of 5,692 sqft is above average for Jefferson, offering more outdoor space than many neighbouring properties.
The appeal lies in its relative modernity for the area and its solid, average-sized footprint that aligns with neighbourhood norms. The renovated basement adds functional living space. It suits first-time buyers seeking an entry point into the market with room to grow, or practical-minded investors looking for a manageable rental property. A less obvious perspective is that its "around average" metrics across the city suggest a stable, predictable value proposition without the premium or the steep challenges of more extreme properties.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street and in Jefferson?
The data shows this home is consistently at or above the neighbourhood average for key metrics. It is newer than most on its street and in Jefferson, and it sits on a larger-than-average lot for the area.
2. What does the assessed value indicate?
The assessed value of $31,200 is above average for the Jefferson neighbourhood. It's important to note this is a value for taxation purposes; market value is determined by recent sales, like the home's last sale in early 2023.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite. This is a key point to verify with the seller and the city for potential rental income or mortgage qualification.
4. What is the significance of the home being newer than area averages?
A 1954 build date may mean fewer immediate concerns with outdated major systems (like wiring or plumbing) compared to the area's typical homes built in the mid-to-late 1940s, potentially reducing near-term renovation costs.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request this information directly via email from the source, SaveOnHouse, which provides the data manually.