Property Overview: 981 Hector Avenue, Grant Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, situated on a standard-sized lot in the established Grant Park neighbourhood. Its key characteristic is its modest 750 sqft living area, which is below average for the local area, suggesting a efficient, manageable footprint. The home features a renovated basement, adding valuable functional space. There is no garage or pool.
The appeal lies in its position as an affordable entry point into a desirable neighbourhood. With an assessed value that is consistently around the average for its immediate area, it represents a grounded opportunity. It suits first-time buyers, downsizers, or investors looking for a lower-maintenance property in a central location without a premium price tag. A thoughtful perspective is that a smaller, renovated home like this can offer lower utility costs and less upkeep, allowing owners to enjoy the neighbourhood's amenities—like nearby schools and parks—with greater financial flexibility. Its average rankings across most metrics indicate it's a typical, no-frills property for the street, not an outlier, which can provide stability.
Frequently Asked Questions
1. How does the below-average living space impact value?
While the square footage is below the local average, this is reflected in the home's pricing and assessment. It positions the property as a more affordable option within Grant Park, ideal for those prioritizing location over size.
2. What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the finish or rooms. This would be a key detail to clarify with the seller or agent, as it could add significant liveable or storage space.
3. The sold price history shows a range. What was the exact price?
The exact sold prices are not publicly displayed in the data. You can request the precise figures by emailing the site via the provided button, as they compile this information manually.
4. There's no garage. What are the parking options?
The property has no garage. Parking would be via driveway or on-street. Checking local bylaws for street parking permissions would be advisable.
5. The home is older. What should I consider?
Built in 1950, major systems like roof, plumbing, and electrical may be original or have been updated at various times. A thorough home inspection would be essential to understand the condition and any potential upcoming investments.