Property Overview: 1068 Hector Bay E, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Grant Park presents a solid opportunity for buyers seeking space and value in a mature neighbourhood. Built in 1959, its key strength lies in its generous 6,222 sqft lot, which places it in the top 11% of properties on its street for land area. The living space (1,190 sqft) is comfortably above average for both the immediate area and Grant Park. A renovated basement and a detached garage add practical value. The home’s assessed value consistently ranks above average across street, neighbourhood, and city-wide comparisons, suggesting a history of maintained or improved value relative to its peers.

Its appeal is grounded in offering more room—both indoors and outdoors—than many comparable homes in the vicinity, without the premium of a newer build. It would suit a buyer looking for a manageable single-level layout with ample yard space for gardening, children, or future expansion. The data suggests it’s a property that has historically held its own in the market, making it a pragmatic choice for someone who values established neighbourhoods and tangible metrics like lot size and relative value over brand-new condition.

Frequently Asked Questions

1. What does the "above average" ranking actually mean for a buyer?
It means that, based on key metrics like living area, land size, and assessed value, this property consistently outperforms a majority of its direct peers on the same street and in the Grant Park area. This can indicate good relative value and a strong position within the local market context.

2. The home was last sold in 2016. Is there more detailed price history available?
Yes. The sold price ranges shown are based on public data. The exact sale price from 2016 (and any other recorded sales) can be provided upon direct request to the listing source, as they maintain that specific historical data.

3. The assessed value seems low compared to city-wide averages. Why is that?
It’s important to compare like with like. The assessed value of approximately $44,600 is specifically compared to groups of "comparable homes." While the city-wide average assessed value is much higher, this home ranks in the top 29% within its comparable group city-wide, meaning it is assessed higher than many similar properties. This points to value being assessed relative to property type and style, not just location.

4. As a one-storey home built in 1959, what should I consider?
The age suggests potential for older building materials and systems that may require updating or maintenance. However, the above-average rankings for its year built on the street and in the neighbourhood indicate it is actually newer than many homes around it. The renovated basement is a positive update. A thorough inspection is always recommended to understand the condition of the roof, foundation, wiring, and plumbing.

5. How usable is the large lot, and are there any restrictions?
The lot is a significant feature at over 6,000 sqft. Buyers should verify the zoning with the city to understand what is permissible (e.g., additions, secondary suites, shed sizes). The spacious yard offers great potential but may also require more upkeep. Its size is a notable advantage in this neighbourhood, where lots are typically smaller.