Property Overview: 996 Hector Avenue, Winnipeg

Key Characteristics & Appeal

This 900 sqft, one-and-a-half storey home in Grant Park is a classic post-war property built in 1950, sitting on a 4,100 sqft lot. Its key updated feature is a renovated basement, adding valuable finished living space. The home has no garage or pool, presenting a straightforward, low-maintenance footprint.

Its primary appeal lies in its position as a solid, entry-level home in a well-established neighbourhood. The data suggests it is consistently "around average" for the local Grant Park area in terms of size, value, and lot dimensions, meaning it offers a typical snapshot of the community without extreme premiums or compromises. The renovated basement is a practical advantage, effectively expanding the usable space of the modest main floor area.

This property would suit first-time buyers or downsizers seeking an affordable foothold in a central neighbourhood. It’s for a buyer who values location and practicality over modern luxuries, and who is comfortable with a home that requires personalization over time. A thoughtful perspective is that its very "averageness" for the area is a strength—it represents a stable, known quantity in the market, insulated from the volatility that can affect more unique or outlier properties.

Frequently Asked Questions

1. What does the assessed value tell me about the listing price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home's assessed value is around average for Grant Park, suggesting it is in line with area norms, but the final sale price will be determined by current market conditions.

2. How does the living space compare to nearby homes?
At 900 sqft, the living area is slightly below the average for both the street and the wider Grant Park area. However, the renovated basement provides additional finished space that isn't fully reflected in the main living area metric, offering more room than the square footage might initially imply.

3. Is the lack of a garage a significant drawback?
This depends on buyer needs. Many older homes in established neighbourhoods lack garages. While it means on-street or driveway parking, it also reduces maintenance costs and can make the property more affordable, appealing to those prioritizing house over vehicle storage.

4. The home sold in 2017. What can that price history indicate?
The 2017 sale price provides a historical benchmark, showing how the property's value has moved relative to the market over time. It is most useful for understanding long-term trends rather than predicting the current price, as the market has likely changed significantly since then.

5. What are the pros and cons of a 1950s build?
Pros include character, sturdy construction, and a potentially simpler layout for renovation. Cons typically involve older mechanical systems (like plumbing or electrical) that may need updating, and less modern insulation standards. A pre-purchase inspection is highly recommended to understand the condition.