Property Overview: 954 Hector Avenue, Grant Park, Winnipeg
Key Characteristics & Appeal
This is a modest, one-and-a-half storey home built in 1950, situated on a standard residential lot in the established Grant Park neighborhood. With 917 square feet of living space and a renovated basement, it presents a straightforward, manageable footprint. The home has no garage or pool, emphasizing its value as a practical, no-frills property.
Its primary appeal lies in its stability and location within a mature community. The data shows it consistently performs around the average for its immediate street and neighborhood in terms of size, assessed value, and lot size, indicating it’s a typical home for the area rather than an outlier. This can be reassuring for buyers seeking a predictable, established setting. Recent sold price history suggests a steady, gradual appreciation in value.
This property would suit first-time homebuyers or downsizers looking for an entry point into a well-regarded neighborhood without a massive footprint or premium price tag. It’s a home for those who value location and simplicity over modern luxuries, and who are comfortable with a property that requires standard maintenance for its age. The renovated basement adds valuable flexible space, making it more functional than its square footage might imply.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Citywide, the home’s living area and lot size are below the Winnipeg average, which is typical for older, central neighborhoods. However, its assessed value is right around the citywide average, suggesting you are paying primarily for the location and land within Grant Park.
2. What does the sold price history indicate?
The home has sold three times since 2018, each time at a higher price range. This pattern indicates stable, gradual market growth for the property, not volatile swings. The most recent sale was in March 2025.
3. Is the assessed value the same as the market value?
No. The assessed value (listed as $35.50k) is for municipal tax purposes. The recent sold prices (in the $285k-$315k range) reflect the actual market value. This large discrepancy is normal; always look to recent sale prices for an understanding of market worth.
4. What are the implications of having no garage?
This means relying on street parking or adding a shed or parking pad, which is a common consideration for homes of this vintage in the area. It lowers maintenance but is a key factor for those with vehicles or needing storage.
5. You mention a "renovated basement." What details are available?
The listing confirms the basement is renovated but does not specify the extent, finishes, or if it includes a legal suite. This is a key detail to clarify with the listing agent, as it significantly impacts the home’s utility and value.