Property Overview: 884 Hector Avenue, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Grant Park neighbourhood presents a practical and efficient living proposition. Its key characteristic is a well-above-average living space (1,600 sq. ft.) for both the street and local area, offering more interior room than most comparable homes nearby. This space is complemented by a renovated basement, adding functional square footage. The home is notably newer (built in 1975) than many in its immediate surroundings, which can suggest updated building systems and potentially lower immediate maintenance needs.
The appeal lies in this balance of generous, modernized living space within a mature neighbourhood. The detached garage adds convenience. It’s important to note the property sits on a smaller-than-average lot for the city, which translates to less outdoor maintenance but also more limited private yard space.
This property would suit buyers prioritizing interior space and a move-in-ready basement over a large garden. It’s ideal for professionals, small families, or downsizers seeking a low-maintenance exterior without compromising on indoor room. The above-average living area in an area with typically smaller homes offers a less obvious value perspective: you’re acquiring more house, not just more land.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average, it results in less yard upkeep. The value here is concentrated in the dwelling itself. Buyers should consider if a smaller private outdoor space meets their needs.
2. The assessed value seems low compared to city averages. Why?
The assessed value is for taxation purposes and is specific to the local market comparison group. Here, it is average for Hector Avenue and Grant Park, reflecting the character and values of this specific established area, not the broader city where newer suburbs have higher valuations.
3. What does the "newer" build year (1975) mean practically?
Compared to the neighbourhood average (homes built around 1957), this home is nearly two decades newer. This often means construction methods and materials like wiring, plumbing, and insulation are more modern, though a full inspection is still essential.
4. Is the living area truly larger than most homes nearby?
Yes. The data shows the living area ranks in the top 6% on its own street and top 7% in Grant Park, meaning it offers significantly more interior space than the vast majority of direct comparables in the immediate vicinity.
5. What is the likely price range based on the last sale?
The home last sold in July 2016 for an estimated range of $255k-$285k. This historical figure is a starting point, but current market conditions, the renovated basement, and the unique interior space advantage will determine its present value. For the exact historical sold price, you can request it via email from the listing source.