Property Overview

This one-storey home at 417 Semple Avenue in Winnipeg's Jefferson neighbourhood presents a compelling blend of space, updates, and location-based value. Its key appeal lies in offering above-average living space and a significantly modernized basement within a solid, established community. The home sits on a generous lot, providing ample outdoor space relative to many in the area.

Key Characteristics & Ideal Buyer

This property is distinguished by several key features. The living area of 1,169 sq ft ranks well above average for both the street and the wider Jefferson area, offering more interior space than many comparable homes. A major highlight is the renovated basement, which adds significant functional living space. The detached garage and in-ground pool enhance its utility and leisure potential. Notably, the home's assessed value places it in the elite top 5% for the Jefferson neighbourhood, suggesting it offers premium features or condition for its immediate area, even while being more average city-wide.

Its appeal is rooted in being a move-in ready, spacious bungalow with modern touches in a mature neighbourhood. The large lot and pool make it ideal for private outdoor living and entertaining. It would best suit buyers looking for single-level living without sacrificing space, such as downsizers seeking a manageable home with room for family visits, or young families attracted to the pool and yard space. The high assessment within Jefferson indicates it may particularly attract buyers who prioritize above-average condition and updates within a specific, affordable neighbourhood, rather than chasing a premium postal code.

Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
While the assessed value for tax purposes is $36,700, this is not a market valuation. Market value is determined by recent sales of comparable properties. The fact it's in the top 5% for assessed value in Jefferson suggests it may have features or a condition that commands a price premium within the neighbourhood.

2. Is the pool a benefit or a burden?
This depends on the buyer. It's a desirable amenity for leisure and adds a unique feature for the area. However, prospective buyers should factor in ongoing maintenance costs, insurance implications, and the seasonal utility in Winnipeg's climate.

3. What does the "above average" living space mean practically?
At 1,169 sq ft (plus the renovated basement), this home offers roughly 130 more sq ft than the Jefferson area average for comparable homes. This translates to more spacious primary rooms, better storage, or extra flexibility for a home office or den.

4. The home was built in 1954. What should I be aware of?
While the basement has been renovated, a home of this age may have original core components, like plumbing, electrical (unless updated), or the roof, that require inspection. Its above-average ranking for year built on the street suggests it is relatively newer than many neighbours, which can be positive.

5. How does the lot size impact the property?
At nearly 6,000 sq ft, the lot is larger than most in Jefferson (top 11%), providing excellent yard space. This is a significant asset for privacy, gardening, the pool area, and future potential like a shed or expanded deck, setting it apart from homes on smaller, standard lots.