Property Overview: 1228 Hector Bay W, Grant Park, Winnipeg
Key Characteristics & Appeal
This is a well-established, one-storey home in the sought-after Grant Park neighborhood. Built in 1959, it sits on a generous 6,220 sqft lot, offering above-average outdoor space for the area. The home itself is notably spacious, with 1,703 sqft of living area ranking it in the top tier (top 3-5%) for size both on its street and within Grant Park. It features a detached garage and a basement that is present but not renovated, presenting a clear opportunity for customization.
The primary appeal lies in its combination of a prime location, substantial lot size, and significant interior space—a rare find for a single-storey home. Its assessed value consistently ranks above average for its immediate surroundings, suggesting it is a substantial property within its context. This home would best suit buyers looking for a solid, spacious property in a mature neighborhood, who value the potential to tailor a basement to their needs or who simply prioritize abundant main-floor living space over a multi-level layout. It’s a property for those who see the value in established communities and have the vision for its unfinished spaces.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home sold most recently in early 2025. While the exact price is available upon request, the data shows that sale placed the property in the top 9% for sale price on its street and in Grant Park, indicating a strong market performance relative to its peers.
2. What does "basement not renovated" typically mean for a home of this era?
For a 1959 home, this usually indicates the basement is functional but in original or utilitarian condition. It likely has foundational finishes (concrete floors, basic walls) and presents a blank canvas. Buyers should budget for potential updates to insulation, moisture proofing, and modern finishes to create comfortable living space.
3. The home ranks highly for size but is older. What should I consider?
Its high ranking for living area means you get more space than most comparable homes. The trade-off is the age (1959), so a thorough inspection of major systems (roof, plumbing, electrical, foundation) is crucial. The value is in the generous footprint and lot, but maintenance should be anticipated.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage offers flexibility—it could be used as a workshop or studio without impacting the main house. However, it is less convenient for daily vehicle access in Winnipeg winters compared to an attached garage.
5. The assessed value seems low compared to city-wide averages. Why?
The assessed value is for municipal tax purposes and is strongly influenced by the local area. While it is above average for Hector Bay W and Grant Park, city-wide averages include newer, more expensive suburbs. The key takeaway is that this property is assessed as a higher-value home within its own desirable, established neighborhood.