Property Overview: 1098 Hector Bay E, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Grant Park neighbourhood, built in 1959. Its primary appeal lies in a combination of space, location, and value. The 1,039 sqft living area is typical for the area, but the property stands out with a significantly larger-than-average lot of 6,677 sqft, offering substantial outdoor space that is rare for the city. The home features a renovated basement and a detached garage.
The property would suit practical buyers looking for a solid foundation in a mature neighbourhood. It's ideal for someone who values a large yard for gardening, recreation, or future expansion more than a large interior footprint. First-time homeowners or downsizers seeking single-level living with room to breathe will find its balance of a manageable house on a generous lot particularly compelling. The above-average rankings for lot size and year built (relative to its immediate street and area) suggest a home that has been well-maintained and offers a premium in outdoor space within its local context.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is over 6,600 sqft, which ranks in the top 6% for both the street and the Grant Park area. This provides exceptional outdoor space compared to most city properties, allowing for privacy, landscaping potential, or room for additions like a shed or large deck.
2. How does the home's age affect its value?
Built in 1959, it is newer than many comparable homes on its street and in Grant Park, ranking in the top 13% and 19% respectively for year built. This can be an advantage, potentially indicating updated core systems or a construction era with desirable features, though a full inspection is always recommended.
3. What does the assessed value tell me?
The assessed value of $39.10k (note: this appears to be a taxable value, not a market price) is above the local average for similar properties. This typically reflects the municipality's view of the property's relative worth, often influenced by the large lot size and renovated basement.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a very large interior living space may find the 1,039 sqft footprint limiting. Those wanting an attached garage or a move-in-ready home without any projects should verify the condition and layout of the detached garage and the specific nature of the basement renovation.
5. How does it compare city-wide?
While the living area is slightly below the Winnipeg average, the lot size remains well above average city-wide (top 20%). This highlights the property's key trade-off: a standard-sized home on a much larger parcel of land, a profile that is increasingly uncommon in the broader market.