Property Overview
This is a modern, two-storey home built in 2023 on Hector Avenue in Winnipeg's Ebby-Wentworth neighbourhood. Its primary appeal lies in its new construction, offering move-in readiness with a renovated basement, and its strong standing in key metrics compared to local peers. The home ranks in the top tier for its assessed value and is among the newest builds on its street and in the wider area. While the living space is generous for the immediate locale, the lot itself is more compact than typical for the city.
Key Characteristics & Ideal Buyer
The standout feature is the home's age. Being built in 2023 means it likely incorporates current building codes, energy efficiency standards, and modern layouts, minimizing immediate repair concerns. It offers nearly 1,500 sqft of living space, which is significantly above average for both Hector Avenue and the Ebby-Wentworth area, providing ample room in a neighbourhood of generally older, smaller homes. The fully renovated basement adds functional living or recreational space.
Its appeal is for the buyer seeking a low-maintenance, modern home in an established neighbourhood, without the wait or uncertainties of a new build. It suits a professional, small family, or downsizer who prioritizes interior space and contemporary finishes over a large yard. The compact lot translates to less exterior upkeep, a potential plus for those with busy lifestyles. The strong assessed value ranking suggests it is viewed as a substantial property within its context, which can be appealing for long-term value.
Frequently Asked Questions
1. Is the property tax bill likely to be high given the assessed value?
While the assessed value is in the top 4% on Hector Avenue, it's crucial to note this is relative to an older housing stock. The absolute value remains moderate compared to city-wide averages, so taxes should be evaluated against the actual mill rate, not just the percentile rank.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify finishes or layout. A key question would be whether it includes a legal secondary suite, additional bedrooms, or a dedicated living area, as this significantly impacts the home's utility and value.
3. How does the small lot size impact daily living?
The land area is below average. This means smaller private outdoor space, potentially closer proximity to neighbours, and limited room for expansions like a large deck or garage. However, it also means less yard work and lower landscaping costs.
4. The home sold very recently in 2023. Why is it back on the market?
A resale after only a short ownership period is worth inquiring about. The reason could be benign (e.g., job relocation, change in family circumstances) and not necessarily reflective of the property itself.
5. How does the lack of a garage affect parking and storage?
With no garage, all parking will be on-driveway or street. Winnipeg winters make this a practical consideration for some buyers. Storage for tools, seasonal items, and vehicles will need to be accommodated within the home's existing square footage.