Property Overview
This one-and-a-half storey home at 793 Hector Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a straightforward, no-frills opportunity. Built in 1947, it features 880 sqft of living space and sits on a 4,375 sqft lot. The home has a basement, but it is not renovated, and there is no garage or pool. Its assessed value is notably below average for the city, reflecting its basic condition and smaller size.
Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and land value within a central neighbourhood. With an assessed value significantly lower than the city average, it represents a potential entry point into the market for buyers with limited capital. The lot size is a standout feature for the Ebby-Wentworth area, ranking well above the neighbourhood average, which offers future potential for expansion, gardening, or outdoor space.
This home would suit a specific type of buyer: a handy first-time purchaser or investor comfortable with a project. It’s a classic "value-add" opportunity where the investment is in the land and the structure's potential, not in immediate move-in readiness. The low property taxes, inferred from the low assessment, are a practical, long-term benefit. A less obvious perspective is its appeal to those seeking minimalism or a lifestyle unburdened by high mortgage payments or maintaining unused space. It’s not for those needing turn-key convenience, but for a pragmatic buyer, the trade-off of some DIY effort for affordability and lot size could be compelling.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on factors like the home's age, smaller living area, and unrenovated condition, placing it in a lower range compared to newer or updated homes citywide.
2. What does "basement, not renovated" typically mean?
This usually indicates the basement is in original or utilitarian condition, likely unfinished or partially finished without modern updates. It should be inspected to understand its current state and potential.
3. How does the lot size compare to others nearby?
The lot is a key advantage. At 4,375 sqft, it is larger than most in the immediate Ebby-Wentworth area, offering more outdoor space than many neighbouring properties.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of adding a shed or parking pad if desired. This is common for homes of this era in the area.
5. Who is this property most suitable for?
It is best suited for budget-conscious buyers, such as first-time homebuyers or investors, who are prepared to handle renovations over time. Its value is in the affordable entry price and the lot's potential, not in immediate modern comforts.