Property Overview: 817 Hector Avenue
Key Characteristics & Appeal
This bi-level home at 817 Hector Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a compelling mix of modern convenience and established community. Its primary appeal lies in its relative newness, being built in 2013, which places it among the newest homes in the immediate area. This suggests updated building systems and potentially lower maintenance compared to the neighbourhood's older housing stock. The home features a renovated basement and a detached garage.
The property is well-suited for first-time buyers, downsizers, or investors seeking a modern, low-maintenance property in a central location. Its living space is practical and in line with area averages, making it a comfortable fit without being excessive. A thoughtful perspective is that while the lot size is more compact than some on the street, this translates to less yard upkeep—a potential benefit for busy professionals or those seeking a lock-and-leave lifestyle. The assessed value is notably strong for the area, indicating that municipal valuation recognizes its standing relative to nearby properties, which can be a positive signal for equity.
Frequently Asked Questions
1. How does the property's size compare to the neighbourhood?
At just over 1,000 sqft of living area, the home is very close to the average size for both Hector Avenue and the broader Ebby-Wentworth area. It offers a practical footprint that matches the local market norm.
2. What does the high assessed value relative to the area mean?
The assessed value ranks in the top 15% for the neighbourhood, which is significantly above average. This typically reflects the property's newer construction year and renovated condition compared to many older homes in the vicinity. It's important to note that assessed value is for tax purposes and not a direct market appraisal.
3. Is the lot size a concern?
The lot is smaller than the average on Hector Avenue but is close to the average for Ebby-Wentworth overall. This is a common trade-off for newer infill homes and results in less exterior maintenance.
4. What is the home's history of sale prices?
The available data shows previous sales in 2017 and 2019. As with any property, a qualified real estate professional can provide a detailed analysis of this price history in the context of current market conditions.
5. Are there comparable homes nearby?
The listing notes several nearby properties on Hector and Weatherdon Avenues for reference. These include a mix of older and similarly aged homes, providing a clear picture of the streetscape and local property values.