Property Overview: 471 Semple Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Jefferson offers a practical and spacious layout on a generously sized lot. Its key appeal lies in its above-average positioning within the immediate neighborhood. The 1,193 sqft living area is larger than most comparable homes on Semple Avenue and in the Jefferson area. A standout feature is the land size—at over 6,400 sqft, the lot ranks in the top 4% for the Jefferson area, offering significant outdoor space rarely found in similar properties. The home benefits from a renovated basement and a detached garage.

The property’s assessed value is notably strong for the street and neighborhood, suggesting it is viewed favorably relative to its peers. Built in 1954, it is a newer construction compared to many homes in the immediate vicinity. This home would suit buyers looking for a move-in ready, single-level living option with a large, private yard. It’s particularly suited for those who value space over flash, offering solid value and room to grow within a mature community, rather than a brand-new development. The recent sale in late 2022 provides a clear, modern price benchmark for serious buyers.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it consistently outperforms local averages. It has more living space, a larger lot, and a higher assessed value than most comparable homes on its street and in the wider Jefferson area, marking it as a above-average offering in its specific market.

2. What does the lot size actually mean for me?
At 6,431 sqft, the lot is exceptionally large for Jefferson (top 4%). This isn't just about a bigger lawn; it translates to greater privacy, ample room for gardening, play areas, or future additions like a shed or expanded patio, which can be hard to find in established neighborhoods.

3. The home was last sold in September 2022. What should I consider?
This recent sale provides a reliable, current market price point (in the $36.5k-$39.5k range). It indicates the property has changed hands in the modern market cycle, reducing historical pricing guesswork. However, conditions and values may have evolved since then.

4. The assessed value seems low. Is that a concern?
No, the assessed value is for municipal tax purposes and is context-specific. The key takeaway is that this home’s assessment is in the top 10% on its street and top 6% in Jefferson, meaning the city considers it more valuable than the vast majority of similar properties for taxation, which is a positive indicator.

5. What are the less obvious pros and cons of a 1954 build?
A pro is that it’s newer than many neighborhood homes (top 21% on its street), so major systems may have been updated more recently. A consideration is that while the basement is renovated, the core structure and some original components are 70 years old, so a thorough inspection is wise to understand the condition of underlying elements.