Property Overview
763 Hector Avenue is a modern bi-level home in Winnipeg's Ebby-Wentworth neighbourhood. Built in 2018, it stands out as a notably newer construction in an area dominated by older homes. The property features 890 sqft of living space, a detached garage, and an unrenovated basement. Its assessed value is closely aligned with area averages, but its recent sale price was above typical benchmarks for the street.
Key Characteristics & Buyer Appeal
The primary appeal of this home is its age. Being built just 8 years ago, it is in the top 4% of homes for its newness both on its street and citywide. This offers significant peace of mind regarding major systems, roof, and structure, reducing the immediate need for costly updates. The bi-level design with a basement provides functional separation of space.
However, it presents a trade-off: the lot is compact at 2,500 sqft, ranking in the bottom 6% citywide for land area, which limits expansive outdoor possibilities. The living space is also below the city average, suggesting an efficient, low-maintenance footprint rather than spaciousness.
This property would ideally suit first-time buyers or downsizers seeking a modern, "move-in ready" home without the risks or projects associated with an older house. It’s for those who prioritize a newer building envelope and mechanicals over larger interior and exterior space. Investors may also see value in a newer asset with potentially lower maintenance costs in a stable neighbourhood.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The assessed value is around the neighbourhood average, but it last sold for above the typical price on Hector Avenue. This suggests buyers have been willing to pay a premium for the home's modern construction compared to the area's older housing stock.
2. What are the implications of the smaller lot size?
The 2,500 sqft lot means minimal yard maintenance, which can be a plus for busy owners. However, it allows little room for additions, extensive landscaping, or large outdoor recreation areas. Privacy from neighbours may also be less than on larger lots.
3. What does "basement not renovated" mean?
The basement is finished as part of the bi-level layout but has not been upgraded since the home was built in 2018. It is likely functional and in good condition, but may have basic finishes, offering a blank canvas for future personalization.
4. How does the living space compare to nearby homes?
At 890 sqft, the living area is below the average for both the immediate street and the city. This indicates a compact, efficient floor plan. Buyers should consider if the layout meets their spatial needs, balancing it against the benefit of a newer build.
5. Why is the year built such a standout feature?
Most homes in Ebby-Wentworth and on Hector Avenue were built in the mid-20th century. A 2018 build is exceptionally rare here, meaning this home likely has contemporary building standards, energy efficiency, and warranties that surrounding properties do not.