Property Overview: 1218 Hector Bay W, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, one-storey home in Winnipeg's established Grant Park neighborhood. Built in 1958, it offers 1,052 sqft of living space on a near 5,000 sqft lot, with a renovated basement. Its appeal lies in its solid, above-average positioning within its immediate area. While the living space is typical for the street and neighborhood, the home's assessed value ranks in the top 20% locally, suggesting desirable updates or features not fully captured by square footage alone. The renovated basement adds functional living space, a key asset in a single-storey layout.

This property would suit a first-time homebuyer or downsizer seeking a manageable, single-level home in a mature community. It’s also a practical fit for those who value a larger, private lot over a massive interior, offering room for gardening or outdoor enjoyment. The above-average assessment for the area indicates it may appeal to buyers looking for a move-in-ready home without the premium price of a newly built property, offering character and established surroundings.

Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for this home?
It means the municipal assessment for this property is higher than 80% of comparable homes on its street and in Grant Park. This often reflects quality renovations, desirable lot attributes, or overall condition that the city recognizes in its valuation, potentially signaling a well-cared-for home.

2. Is the lack of a garage a significant drawback?
This depends on buyer needs. Many homes in older neighborhoods lack garages. The large lot provides ample space for off-street parking and potential future construction of a garage or carport, subject to local bylaws.

3. How does the living space compare to a typical Winnipeg home?
At 1,052 sqft, the main floor living area is slightly below the current city-wide average. However, the renovated basement effectively expands the usable space, making the total functional area more competitive. It's squarely average for the Grant Park area, which features many charming, character homes of this era.

4. The home was last sold in 2017. What can be inferred from that?
The seven-year ownership period suggests stability, which can be positive. It often indicates a seller who has likely invested in maintenance and updates during their tenure, rather than a quick "flip."

5. What are the less obvious considerations for a home of this age?
While the basement is renovated, a 1958-built home will have core systems—like plumbing, electrical, and the foundation—that are nearly 70 years old. A thorough inspection is crucial to understand the condition and remaining lifespan of these fundamental components, beyond the visible updates.