Property Overview: 829 Hector Avenue
Key Characteristics & Appeal
This 900 sqft, one-storey home in Winnipeg's Ebby-Wentworth neighbourhood presents a practical and straightforward opportunity. Built in 1946, its key appeal lies in its recent basement renovation and its position as a statistically average property within its immediate area. The assessed value and living space are both typical for Hector Avenue and Ebby-Wentworth, suggesting it's a stable, no-surprises entry point into the market. The lot size, while below average for the street, is slightly above average for the neighbourhood, offering a reasonable outdoor space.
This home would suit first-time buyers or practical downsizers looking for a manageable, renovated footprint without the premium of a newer build or a larger lot. Its recent sale in late 2023 provides a clear, contemporary market price benchmark. A thoughtful perspective for buyers is that its "average" metrics within the local context can be a strength, indicating a lower risk of overpaying relative to the area compared to a top-ranked property, and the renovated basement adds modern utility to the older structure.
Frequently Asked Questions
1. How does this home compare to others in the area?
Based on the data, this home is very typical for both Hector Avenue and the broader Ebby-Wentworth neighbourhood in terms of size and assessed value. Its living area and value rank around the middle of local comparisons.
2. Is the lot size a disadvantage?
The lot is smaller than the average on Hector Avenue but is actually slightly larger than the average lot in the Ebby-Wentworth neighbourhood as a whole. It provides a decent outdoor space without the maintenance burden of a much larger yard.
3. What does the year built (1946) mean for a buyer?
The home is older than most on its street. Buyers should prioritize a thorough inspection to understand the condition of major aging components, like the roof, plumbing, and wiring, balanced against the character and potential solid construction of an older home.
4. The city-wide assessed value seems low. Why?
The city-wide comparison includes a vast range of property types and values across all of Winnipeg. The more relevant benchmarks are the local "same street" and "same area" comparisons, where its assessed value is aligned with similar homes.
5. What can the late 2023 sale price tell me?
The $300,000 sale price provides a very recent, real-world market value that transcends the older assessed value for tax purposes. It is the most relevant figure for understanding what a buyer was willing to pay under recent market conditions.