Property Overview: 1052 Hector Bay E, Grant Park, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Grant Park offers a blend of space, location, and established value. Its key characteristic is its above-average living space (1,610 sq ft), which places it in the top tier of homes both on its street and within the sought-after Grant Park area. The home sits on a generous 6,220 sq ft lot, providing ample outdoor space that is increasingly rare in mature neighbourhoods. A detached garage and a renovated basement add to its functional appeal.
The property’s strength lies in its consistent performance across key metrics. It ranks above average for its size, lot, and assessed value not just citywide, but more notably within its immediate vicinity—suggesting it is a standout property on its own street. Built in 1960, it is a classic Winnipeg bungalow with the potential for updates, appealing to those who appreciate solid construction and character. This home would suit a buyer looking for move-in-ready space with room to grow, who values a stable, established neighbourhood over a brand-new build. It’s particularly suited for small families, downsizers seeking single-level living without compromising on square footage, or investors attracted by its steady historical value appreciation in a desirable location.
Frequently Asked Questions
1. How has the property’s value changed over time?
Based on available sales data, the home sold in the $31.5k-$34.5k range in 2016, the $32.5k-$35.5k range in 2019, and the $47.5k-$50.5k range in 2022. This indicates a pattern of value growth, particularly between 2019 and 2022.
2. What does the "above average" ranking mean for me?
The rankings show this property consistently outperforms most comparable homes in its direct area on metrics like living area and lot size. This suggests you are getting more space for the neighbourhood’s price point, which can be a advantage for both livability and long-term value.
3. Is the basement a legal suite?
The listing notes a renovated basement but does not specify if it is a legal secondary suite. This is a crucial point to verify with the listing agent and the city, as it impacts rental potential, insurance, and safety codes.
4. What are the typical property taxes for this home?
The current assessed value is $46,100. You can estimate annual property taxes by applying the City of Winnipeg’s current mill rate to this assessed value, but consulting with the city or your real estate professional for an exact figure is recommended.
5. Why is there a range for the past sold prices instead of exact figures?
The provided price ranges are based on publicly available data. The exact sale price is considered private contractual information in Manitoba. You can request the precise historical sold price directly from the website via email, as noted in the details.