Property Overview & Key Characteristics
This 1946 one-storey home on Semple Avenue presents a classic Winnipeg property with significant land value. Its primary appeal lies in its exceptionally large, nearly 8,000 sqft lot, which ranks in the top 2% on its street. The home itself is modest in size at 942 sqft but features a renovated basement. A detached garage completes the picture. The assessed value is notably higher than many immediate neighbours, suggesting the lot size and renovations are key value drivers.
The property suits practical buyers looking for a solid footprint in the Seven Oaks area. It’s ideal for someone who values outdoor space for gardening, expansion, or simply room to breathe more than a large interior. The renovated basement adds flexible living space, making it a fit for small families, couples, or an investor seeking a property with strong underlying land value in an established neighbourhood. A thoughtful perspective is that while the house is older, its lot size is a permanent asset in a city where such large parcels are increasingly rare, offering long-term utility that a newer home on a small lot may not.
Frequently Asked Questions
1. Is the large lot size typical for the area?
No, it is a standout feature. The lot ranks in the 98th percentile on Semple Avenue, meaning it's larger than 98% of its direct neighbours, which significantly contributes to the property's assessed value.
2. How does the home's size compare to nearby houses?
At 942 sqft of living area, it is smaller than the average for the street (ranking in the 37th percentile). This indicates the property's value is weighted more toward its land and the renovated basement rather than above-grade square footage.
3. What does the assessed value tell me?
At $33.60k, the assessment is in the top 17% on the street. This is relatively high, especially considering the home's age and size, and likely reflects the premium lot and recent improvements like the basement renovation.
4. The home was built in 1946. What should I consider?
While the basement has been renovated, the core structure is 80 years old. Prospective buyers should prioritize inspections for the original components: foundation, plumbing, electrical, and the roof. The detached garage is also likely original.
5. Who are the most likely neighbours?
The listing shows a mix of similar vintage one-storey homes and some newer infill construction (like a 2021 build nearby on Newton Ave.). This suggests a stable, established block that may be gradually transitioning.