Property Overview: 783 Hector Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1942, featuring a renovated basement and a detached garage. Its key characteristic is its notably modest scale: with 580 sqft of living space and a 2,570 sqft lot, it is significantly smaller than most homes on its street, in the Ebby-Wentworth neighbourhood, and across Winnipeg. This is reflected in its assessed value, which is well below the citywide average.
The primary appeal lies in its affordability and efficiency. It represents a very accessible entry point into the Winnipeg housing market, particularly for a standalone house with a private yard and garage. The renovated basement adds functional living space. This property would suit first-time buyers, investors, or downsizers seeking minimal upkeep and low property taxes. Its below-average size and value for the area suggest it’s a practical choice over a prestige one, ideal for someone prioritizing financial simplicity and a manageable footprint. A thoughtful perspective is that a home of this scale on its own lot offers a rare middle ground between condo living and a larger house, providing outdoor space and autonomy without the typical maintenance burden of a bigger property.
Section 2: Frequently Asked Questions
1. Is the living area really only 580 sqft?
Yes. The data confirms the living area is approximately half the size of the average home in the immediate area. The renovated basement provides additional usable space, but the above-ground footprint is compact.
2. Why is the assessed value so much lower than the citywide average?
The assessed value of $24,500 is primarily a function of the home’s small size, age, and modest characteristics compared to the broader Winnipeg market. It aligns more closely with the average for the Ebby-Wentworth neighbourhood.
3. What does the "rank" and "top X%" data mean for each metric?
These rankings compare this specific property against groups of similar homes. For example, being in the "Top 100%" for living area on Hector Avenue means it ranks 200 out of 201 homes—effectively the smallest. This quantifies how its key features compare locally and citywide.
4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or ample room for a growing family. Those looking for a modern, turn-key home or who prioritize space above all else would likely find it too constrained.
5. The home sold for $19,500 in 2016. Is the current assessed value a reliable indicator of market price?
No. The 2016 sale price is a historical data point. The current assessed value is for municipal tax purposes and is not a market appraisal. Market value is determined by current conditions, recent comparable sales, and the property's state, and can be higher or lower than the assessed value.