Property Overview
This is a compact, one-storey home on a standard city lot in the Ebby-Wentworth neighbourhood. Built in 1947, its 840 sqft living area is modest, placing it below the average size for similar homes both on its street and citywide. The property features a detached garage. Recent data shows it sold in July 2024 for $26,200, which is consistent with its assessed value of $25,500. In its immediate area, its value and lot size are around the neighbourhood average, but it generally ranks in the lower tiers for size and value when compared to its specific street or the wider Winnipeg market.
Key Characteristics & Appeal
The primary appeal of 809 Hector Avenue is its position as an affordable, no-fuss entry point into homeownership. It suits first-time buyers, downsizers, or investors seeking a straightforward property with lower carrying costs. Its value is grounded in its lot and location rather than its structure. The home offers a manageable scale for those who prioritize simplicity and lower maintenance over space.
A less obvious perspective is its potential as a strategic hold. The lot size, while average for Ebby-Wentworth, is still a decent city parcel. For a buyer with a long-term view, the underlying land value in a stable neighbourhood could be a solid foundation, with the existing house serving its purpose until future possibilities arise. It’s a practical choice for someone whose goal is to build equity with minimal complexity.
Frequently Asked Questions
1. Is this a "fixer-upper"?
The data doesn't specify condition, but the age (1947) and below-average assessed value suggest the home is likely dated or basic. Buyers should budget for updates, though it appears to be a functional, livable property.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's modest size, age, and the specific market values within the Ebby-Wentworth area. It is not directly comparable to the average Winnipeg home, which is newer and larger.
3. What does the ranking data (e.g., "Top 80%") mean for living area?
This means the home's living area is larger than only 20% of comparable homes on Hector Avenue, so it is in the smaller 20% on its street. It's a relative measure of size, not quality.
4. Is the lot size a positive feature?
At 3,834 sqft, the lot is near the neighbourhood average. It provides standard outdoor space but is not exceptionally large. Its value is in being a typical, usable city lot.
5. Who would this property not suit?
It would not suit buyers needing multiple bedrooms, modern open-concept layouts, or who place a high priority on immediate appreciation based on the home's structure. It’s a value-driven, pragmatic purchase.