Property Overview
This two-storey home at 867 Hector Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a distinct profile. Its primary appeal lies in being a modern, above-average-sized home in a neighbourhood of predominantly older, smaller properties. Built in 2023, it is essentially a new construction, ranking in the top 1% for year built both locally and citywide. With 1,488 sqft of living space, it offers significantly more room than most comparable homes on its street and in the immediate area. This is complemented by a renovated basement, adding to its functional space. The assessed value is notably high for the area, placing it in the elite top 2-4% locally, which reflects its modern build and size.
However, this comes with a trade-off: the land area is compact at 2,500 sqft, which is below average for the city and on the smaller side for the street. This means less yard space but also less exterior maintenance. The property does not have a garage or pool.
This home would ideally suit buyers looking for modern finishes, a move-in-ready condition, and more interior square footage without the upkeep of a large lot. It’s a strong fit for professionals, small families, or anyone prioritizing a new, low-maintenance build within an established neighbourhood. It may be less suitable for those seeking extensive outdoor space, a garage, or a property with significant value tied to land size.
Frequently Asked Questions
1. Is this a good value for the neighbourhood given its high assessed value?
The assessed value is among the highest in Ebby-Wentworth, which is directly tied to it being a new (2023) and larger-than-average home for the area. You are paying a premium for modern construction and space in a neighbourhood where most homes are decades older.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or legal suite potential.
3. How does the small lot size impact living here?
The 2,500 sqft lot means a smaller backyard, which limits expansive gardening, play structures, or outdoor entertaining space. The upside is minimal yard maintenance. It also suggests the home's value is almost entirely in the structure itself, not the land.
4. The home sold very recently in July 2023. Why is it back on the market?
The property was sold just over a year ago. While the reason isn't provided, it's advisable to ask the seller or agent about the short ownership period. It could be due to a change in personal circumstances, and it does offer a chance to purchase a nearly new home without the initial wait for construction.
5. What are the implications of not having a garage?
Parking will be limited to driveway and street. This means dealing with vehicle snow removal in winter and a lack of enclosed storage or workshop space. Consider the cost and feasibility of adding a garage in the future, given the lot's compact size.