Property Overview: 1202 Hector Bay W, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Grant Park is defined by its generous, above-average lot size—over 6,700 sqft—which stands out as elite for both the street and the neighborhood. Built in 1958, the home itself offers 1,240 sqft of living space, which is comfortably above the local average, and features a renovated basement. A detached garage completes the picture. The appeal lies in a established, quiet area where the land itself represents a significant portion of the value, offering ample outdoor space and potential in a city where large lots are increasingly rare. Its assessed value consistently ranks above average, suggesting solid intrinsic worth.
This property would suit a buyer looking for a grounded, long-term home in a mature neighborhood, prioritizing private outdoor space over a brand-new build. It’s an ideal match for someone with renovation or expansion plans, where the existing structure can be adapted over time, or for those who simply value room to garden, play, or unwind in their own sizable yard. The renovated basement adds immediate functional living space, making it practical for growing families or those needing a flexible layout.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
The land area of 6,727 sqft is in the top 19% city-wide, but more notably, it ranks in the top 5% within the Grant Park neighborhood. This means the lot is a standout feature compared to most nearby properties.
2. Is the living space modern or dated?
The home was built in 1958, so the main structure reflects that era. However, the basement has been renovated, indicating some updates. Buyers should anticipate the character and potential maintenance needs of a mid-century home, balanced by the updated lower level.
3. What does the "above average" assessed value mean for property taxes?
While an above-average assessed value (top 15% in the area) indicates strong market value for the property, it also typically correlates with proportionately higher property taxes compared to homes with lower assessments in the same municipality.
4. The most recent sold price range seems lower than the assessed value. Why?
The provided sold price range is from early 2025. Market conditions, the property's specific condition at sale, and negotiated terms all influence final sale price. The assessed value is for taxation purposes and is based on a municipal valuation model, not necessarily the immediate market price.
5. What is the neighborhood context of Grant Park like?
Grant Park is an established area with a mix of older homes. The data shows this home's metrics (size, value, lot) consistently rank above the local averages, suggesting it is among the more substantial properties in this particular neighborhood.