Property Overview
This one-storey home at 1194 Hector Bay W in Winnipeg's Grant Park neighbourhood presents a solid, grounded opportunity. Its appeal lies in a combination of established character, above-average space, and a lot size that stands out in the local context. Built in 1959, the 1,151 sqft house sits on a notably generous 6,677 sqft lot—a feature that ranks in the top 6% for the immediate area. The home has a renovated basement and a detached garage.
The property is well-suited for a few specific buyer types. First-time buyers or downsizers looking for a manageable single-level layout in a mature neighbourhood will find its scale practical. Its standout lot size is a key asset, offering rare potential for expansion, gardening, or outdoor living compared to nearby properties. The home also represents a stable, "middle-of-the-road" value proposition within the city, assessed near the Winnipeg average, making it a sensible choice for those seeking an established home without a premium price tag. It’s a property for someone who values space and potential over brand-new finishes.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
How does the assessed value relate to the likely selling price?
The home's assessed value is $39,800, but this is for tax purposes and is typically far below market value. The last recorded sale was in late 2021 for approximately $31.5k–$34.5k (again, a likely data reflection of the assessed value, not market price). The actual market price will be determined by current conditions, recent comparable sales, and the home's specific features.
Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a significant advantage in this area. It could allow for a future addition, a large garage or workshop, or simply provide more private outdoor space than is typical. Any expansion would require checking local zoning bylaws and obtaining necessary permits.
What are the implications of the home's age (built 1959)?
While well-maintained, a home of this age may have original components, like plumbing, electrical, or the roof, that are nearing the end of their service life. A thorough inspection is essential to understand the condition and plan for any upcoming updates or maintenance.
How does this home compare to others in Grant Park?
The data shows this home is above average for the neighbourhood in key metrics: its living space is in the top 24%, its lot size is in the top 6%, and it is slightly newer than the area average. This suggests it is a competitively sized property on a premium-sized lot within Grant Park.