Property Overview: 1142 Hector Bay E, Grant Park, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1958, situated on a generous 5,657 sqft lot in Winnipeg's established Grant Park neighborhood. Its key appeal lies in its strong positioning within its immediate area. The home's living space (1,148 sqft) and land area are both in the top 25% for Hector Bay East, offering more room than many direct neighbors. It features a renovated basement and a detached garage.
The data suggests a property that has been cared for and represents solid value within its specific community. While its size and age are around the city-wide average, it stands out locally. This creates a unique value proposition: you're acquiring a home that is above-average for its desirable street and neighborhood, without the premium of a newer or significantly larger city-wide property. It would suit practical buyers looking for a character home in a mature area, who prioritize lot size and local livability over brand-new finishes. It's also a sensible option for those who appreciate the stability and lower property taxes that can come with a moderate assessed value relative to the city.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The home's assessed value is in the top 22% on its street and top 21% in Grant Park, indicating it is valued higher than many comparable neighboring properties. This often reflects updates, lot size, or overall condition.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, ceiling height, and whether it includes a separate entrance or legal suite potential.
3. Is the lot size a significant advantage?
Yes. At over 5,600 sqft, the lot is larger than about 75% of those on the same street. This offers valuable outdoor space, gardening potential, and room for additions like a shed or deck, which is a notable perk in an older neighborhood.
4. The home was last sold in 2021. What might that indicate?
The sale 4 years ago could suggest the current owners have completed recent updates before listing. It also provides a relatively recent market price point for comparison, though market conditions have likely shifted since.
5. How does the age of the home (1958) factor into maintenance?
While the home's age is typical for the area, a buyer should pay special attention to the condition of major aging components, such as the roof, plumbing, electrical systems, and the foundation, even with a renovated basement. A thorough inspection is advised.