Property Overview: 950 Hector Avenue, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's established Grant Park neighbourhood. With 748 sqft of living space, it is notably smaller than most area homes, positioning it as an efficient, low-maintenance property. Its key features include a renovated basement and a detached garage. The lot is a manageable 4,000 sqft, close to the neighbourhood average.
The primary appeal lies in its location within a mature community and its potential as an affordable entry point into the market. It suits first-time buyers, downsizers, or investors seeking a straightforward, character home in a central area without the upkeep of a larger property. A thoughtful perspective is that while the living space is modest, the renovated basement offers crucial flexibility for a home office, hobby room, or additional storage, effectively extending the home's usable area. Its assessed value is consistently "around average" for its immediate area, suggesting it is priced in line with its local context rather than standing out as exceptionally high or low.
Section 2: Frequently Asked Questions
1. Is the house too small for comfortable living?
While below average in size, the layout and the renovated basement are key. This home prioritizes efficiency over spaciousness and would suit individuals, couples, or those comfortable with compact, well-organized living spaces.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or bathroom to fully understand its value and utility.
3. How does the assessed value relate to the likely selling price?
The assessed value ($31,500) is for municipal tax purposes. The historical sold price from 2016 (in the $22.5k-$25.5k range) is outdated. The current market value will be determined by recent neighbourhood sales, condition, and demand, and will likely differ from both these figures.
4. What are the benefits of the Grant Park location?
Grant Park is a long-established neighbourhood known for its tree-lined streets, proximity to the Grant Park shopping centre, and convenient access to major routes. It offers a quiet, residential feel while being close to urban amenities.
5. Are there any concerns with a home built in 1950?
A 76-year-old home will require diligent maintenance. Prospective buyers should pay special attention to the condition of major systems (roof, wiring, plumbing, foundation) and consider investing in a thorough home inspection to identify any needed updates or repairs beyond the visible renovations.