Property Overview
This one-storey home at 1240 Hector Bay W in Winnipeg's Grant Park neighbourhood presents a practical opportunity. Built in 1958, its key appeal lies in a generous 6,223 sqft lot, which is notably larger than most in the immediate area. The 1,160 sqft living space is above average for the street and neighbourhood, and it features a renovated basement. There is no garage or pool. The home’s assessed value is consistent with area averages.
Its appeal is grounded in space and location. The large lot is a standout feature, offering rare potential for gardening, expansion, or simply more private outdoor space compared to neighbouring properties. The above-average living area and updated basement suggest a home that’s been maintained and is move-in ready for its vintage. It would suit a first-time buyer, a downsizer looking for single-level living without sacrificing yard space, or an investor attracted to a well-sized property in an established neighbourhood. A thoughtful perspective is that while the house itself is of average assessed value for the city, you are primarily acquiring a land parcel that is larger than typical—a value proposition that may appreciate differently.
Frequently Asked Questions
What is the exact prior sale price?
The public data shows a sale in January 2019 in the range of $265,000 to $295,000. For the precise figure, you can request the exact sold price history via email from the listing source.
Is the basement a legal suite?
The listing notes the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
Why is the assessed value different from nearby similar-valued homes?
The assessment is for the property itself. Nearby homes with identical assessed values (e.g., $37,800) are likely similar in the municipality's valuation model but may differ in features, condition, and lot size.
How does the lack of a garage affect parking?
The property has no garage. Buyers should assess the driveway space and on-street parking availability for their needs.
How does the home’s size compare practically?
At 1,160 sqft, it offers more living space than many Grant Park bungalows. When combined with the renovated basement, it provides functional space that exceeds the neighbourhood average, though it remains smaller than the Winnipeg city-wide average for houses.