Property Overview: 1106 Hector Bay E, Winnipeg
Key Characteristics & Appeal
This is a well-established, one-storey home in the Grant Park neighbourhood, built in 1958. Its key strength is a generous 6,460 sqft lot, which is significantly larger than most in the immediate area and ranks within the top 10% locally for land size. This offers substantial outdoor space and potential. The home itself, at 1,040 sqft with a renovated basement, is of average size for the street and neighbourhood. Its assessed value is modest relative to city-wide averages, positioning it as a practical entry point. The detached garage adds functional storage or workshop space.
The appeal lies in securing a sizable lot in a mature, central neighbourhood without a premium price tag. It suits value-conscious buyers, first-time homeowners, or those seeking a property where the land itself represents the primary long-term value. It’s ideal for someone comfortable with a home from the 1950s who sees potential in the ample yard for gardens, expansion, or simply private outdoor living. A less obvious perspective is that this property type—a modest home on a large lot in an established area—often represents a stable, long-term holding that can outpace inflation, benefiting from both land scarcity and neighbourhood renewal over time.
Frequently Asked Questions
1. How does the lot size compare to a typical new build?
This lot is over 50% larger than the current average for new residential lots in many Winnipeg developments, offering a rarity: ample space in the city core.
2. What does "renovated basement" typically include in a home of this era?
While specifics require a viewing, in a 1958 home this often means updated flooring, lighting, and drywall, possibly creating a rec room or additional living space. It's wise to check the status of foundational elements like insulation and moisture proofing.
3. Is the detached garage heated or insulated?
Details are not provided. Detached garages of this vintage are often unheated, but this is a key question for buyers intending to use it as a workshop or for vehicle storage year-round.
4. The assessed value seems low compared to city averages. Why?
The assessment reflects the home’s age, size, and the specific local market in Grant Park. It indicates a potentially lower property tax burden and suggests the price may be more influenced by the land value than the structure itself.
5. What is the typical character of the Grant Park neighbourhood?
Grant Park is a mature, established area known for its quiet, tree-lined streets, proximity to the Grant Park Shopping Centre, and strong community feel, appealing to a mix of long-time residents and young families.