Property Overview: 644 Valour Road, Winnipeg
Key Characteristics & Appeal
This home is a classic, compact property built in 1912, offering a straightforward entry point into Winnipeg’s Minto neighbourhood. Its primary appeal lies in its position as an accessible, lower-cost option in the city. With 756 sqft of living space and a 2,200 sqft lot, it is notably smaller than most comparable homes on its street, in the area, and across Winnipeg. This is reflected in its assessed value, which is well below local averages.
The property would suit a specific type of buyer: first-time purchasers or investors seeking a pragmatic foothold in the market who are comfortable with a home that requires efficient use of space. Its recent sale in the $200k-$250k range suggests it is positioned for those with a modest budget. A thoughtful perspective is that this smaller scale can mean lower utility costs, less maintenance, and a chance to customize a character home without the overwhelming scope of a larger renovation. It represents a practical choice over prestige, ideal for someone valuing location and affordability above square footage.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value (listed as $20,800) is for municipal tax purposes. The market price is what a buyer is willing to pay, as indicated by its recent sale between $200,000 and $250,000.
2. What does the "Top 74%" ranking for Living Area mean?
It means this home's living area is larger than only 74% of comparable homes on Valour Road. In simpler terms, about 26% of homes on the street are smaller, and 74% are larger. It confirms this is a compact home relative to its immediate neighbours.
3. Given its age, what should I be concerned about?
A home built in 1912 will likely have older infrastructure. A priority would be to investigate the condition of major systems like plumbing, electrical, and the foundation, which may need updating to modern standards.
4. The lot seems small. Are there any advantages to that?
While the 2,200 sqft lot is smaller than average, it can be easier and less expensive to maintain. For a gardener, it’s a manageable canvas, and for a busy homeowner, it means less time spent on yard work.
5. How can I find out the exact price it sold for?
The exact sold price is not publicly displayed in the listing data. As noted, you can provide your email to the listing service to request that information manually from their team.