Property Overview & Appeal
794 Hector Avenue is a compact, renovated one-storey home in Winnipeg's Ebby-Wentworth neighbourhood. Built in 1947, its key characteristic is its efficient 820 sqft layout with a renovated basement, sitting on a standard city lot. Its appeal lies in its recent sale price, which positioned it well above its assessed value, suggesting a move-in-ready condition or updates that the market rewarded. The detached garage adds practical utility.
This home would suit first-time buyers or downsizers seeking a manageable, updated property without a large maintenance footprint. Its size and lot are modest compared to local and city-wide averages, making it a pragmatic choice for those prioritizing location and renovated condition over square footage. A thoughtful perspective is that its "below average" size for the street could represent an opportunity for efficient living without premium property taxes, while the strong sale price indicates it's in a desirable state for the area.
Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $350,000 in June 2024, which is significantly higher than its $32,200 assessed value. This is common when a property has been renovated or is in high demand, as the assessed value for tax purposes often lags behind current market value.
2. Is the living space smaller than other homes nearby?
Yes. At 820 sqft, the living area is below the average for both Hector Avenue and the city overall. This indicates a more compact, efficient floor plan.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would require clarification on the finish quality, ceiling height, and whether it includes a legal suite or additional living space.
4. How does the property rank within the neighbourhood?
The rankings show a mix. For assessed value, it's around the neighbourhood average. For living area and year built, it ranks below average in Ebby-Wentworth, meaning it's smaller and older than many comparable local homes.
5. What are the implications of a 1947 build date?
While the home has a renovated interior, a house of this age may still have original core components (like plumbing, electrical, or the foundation) that could require attention or inspection. Its recent sale price suggests major systems have likely been addressed.