Property Overview: 1120 Hector Bay E, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Grant Park neighbourhood, built in 1959. With 1,050 sqft of living space, its size is typical for the area, but the property stands out for its generous 6,162 sqft lot, which is notably larger than many of its local peers. The home features a renovated basement and a detached garage. Its assessed value positions it above average for its immediate street and neighbourhood, suggesting it is viewed as a solid asset within the local market.
The appeal lies in its established location and the value represented by the land itself. It suits buyers looking for a manageable, single-level layout in a mature area, with the bonus of a renovated basement for extra living space. The sizable lot is a significant asset, offering ample outdoor space and potential for gardening, expansion, or simply more privacy than smaller parcels provide. It’s a practical home for downsizers, first-time buyers seeking a foothold in a stable neighbourhood, or investors attracted by the below-city-average assessed value and the consistent demand in established communities.
Frequently Asked Questions
What is the exact recent sale price?
The available public data shows a sale price range for November 2024. For the precise figure, you can request the exact sold price history via email from the listing source.
How does the lot size compare to others?
The lot is a key feature. At over 6,000 sqft, it ranks in the top 21% on its own street and the top 15% within the Grant Park area, meaning it is substantially larger than many comparable properties nearby.
Is the assessed value high for the area?
Yes, the assessed value is above the average for both Hector Bay E and the wider Grant Park neighbourhood, indicating that the property is assessed more highly than many of its direct peers.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This would be a key point to clarify with the seller or listing agent to understand the quality and layout of the additional space.
How old is the home, and what might that mean?
Built in 1959, the home is older than many on its street and in Grant Park. This can mean character and mature landscaping, but it also warrants a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems.