1156 Hector Bay W

Property Summary: 1156 Hector Bay W, Grant Park, Winnipeg

Key Characteristics & Appeal

This one-storey home in Grant Park is a solid, above-average offering within its immediate neighborhood. Its primary appeal lies in its generous proportions, both in the 1,182 sqft living area and the notably large 6,221 sqft lot, which rank in the top 15-20% for the street and area. The home, built in 1958, is typical for the neighborhood but benefits from a renovated basement. While it does not have a garage or pool, its assessed value is strong for the locale, suggesting good underlying value and desirability.

The property suits buyers looking for a spacious bungalow on a large lot in a well-established area, ideal for those who prioritize indoor and outdoor space over modern amenities like a garage. It’s a practical choice for downsizers seeking single-level living without compromise, or for a household planning future expansions or landscaping projects, given the lot's potential. The strong performance in assessed value relative to nearby homes indicates it's a well-regarded property in a stable, mature community.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
The living area is above average for both Hector Bay West and the wider Grant Park area, placing it in the top 22% locally. The lot size is an even stronger differentiator, ranking in the top 11% for the area.

2. What is the significance of the assessed value being "above average"?
The assessed value of $44,100k ranks in the top 15% for Grant Park. This generally indicates the municipality views the property as more valuable than most in the neighborhood, often reflecting its larger lot and living space.

3. Has the home been sold recently?
Yes, it sold in August 2023. The exact sale price is available upon request, but public data shows a range typical for the area at that time.

4. Are there any obvious drawbacks?
The listing notes there is no garage, which is a consideration for parking and storage. The home’s age (1958) is typical for the area but means potential buyers should budget for ongoing maintenance expected of a mature home.

5. What are the less obvious points to consider?
The renovated basement adds valuable finished space. Furthermore, while the home’s year-built ranks around average citywide, its above-average rankings in space and value within its own neighborhood suggest it was a premium offering when built and may have better-than-average construction or original features for its era.