Property Overview: 651 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1911, presents a distinctive profile defined by its context. Its primary appeal lies in offering above-average interior space (1,180 sq ft) within its immediate area—it ranks in the top 16% for living area on Valour Road—while carrying a relatively modest assessed value. This creates a value proposition centered on space per dollar in the Minto neighbourhood.
The property suits practical, value-oriented buyers. It’s ideal for a first-time homeowner or an investor seeking a character home without the premium price tag of newer or larger-lot properties. The lot size is compact (2,325 sq ft), which means lower maintenance but less outdoor space, appealing to those seeking a simpler yard. A thoughtful perspective is that its 1911 construction places it among the older homes in the city, which can mean charm and established neighbourhood character, but also implies a need for diligent maintenance and potential updates. Its recent sale history (2016, 2019) suggests it is a frequently traded property, often indicative of a solid entry-point in the market.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($23,300) is for municipal tax purposes. Market value is determined by what buyers are willing to pay, which recent sale ranges ($150k-$200k) indicate is significantly higher.
2. What does the living area ranking actually mean?
It means that compared to other homes directly on Valour Road, this house has more interior space than 84% of them. This is its standout feature locally, though it is closer to average when compared to the wider Minto area or city.
3. Given the age of the home, what should I be concerned about?
A home from 1911 will likely have older infrastructure. A thorough inspection for foundation, wiring, plumbing, and insulation is essential. While it offers character, budget for ongoing maintenance and potential updates.
4. How does the compact lot size affect living here?
The lot is smaller than most in the area, which translates to less yard work and lower exterior maintenance costs. The trade-off is limited private outdoor space for gardening or recreation.
5. Why are the sold prices shown as a range?
The exact sale price is not publicly available in Manitoba. The provided range is estimated from public data. You can request the precise historical sale figures directly from the listing service.