Property Overview: 832 Hector Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1947, situated on a standard city lot in the Ebby-Wentworth neighbourhood. Its key appeal lies in its position as an accessible, lower-priced entry point into the Winnipeg market. With a living area of 887 sqft and a recently renovated basement, it offers functional space for a smaller household. The detached garage adds practical storage or workshop potential.
The home’s standout characteristic is its value relative to its immediate area. While its size and assessed value are below averages for the city overall, they are much more aligned with—or even competitive within—the Ebby-Wentworth neighbourhood. This suggests it represents a typical, no-frills home for this specific community. It would suit first-time buyers, downsizers, or investors seeking a straightforward, renovate-as-you-live property without the premium of a larger or newer build. A thoughtful perspective is that its "below average" city-wide metrics are precisely what create its affordability, offering a trade-off between space and location that defines much of the character-based housing stock in established neighbourhoods.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, at 887 sqft of living space, it is cozier than the Winnipeg city average. However, it is quite typical for its era and is very close to the average size for similar homes in the Ebby-Wentworth area.
2. Why is the assessed value notably lower than the sale price from 2022?
The 2022 sale price of $285,000 reflects the market value at that time. The current assessed value for taxation purposes ($27,300) is a different figure calculated by the city and is typically much lower than market value; this is normal and not a cause for concern.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to determine the finish quality, ceiling height, and permitted uses (e.g., legal suite, recreation room).
4. How does the lot size compare?
At 3,892 sqft, the lot is slightly larger than the neighbourhood average but smaller than the city-wide average. It provides a standard yard space for the area.
5. The home is older—what should I consider?
Built in 1947, the home is older than most on its street. Prospective buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, and consider an inspection to evaluate the condition.