Property Overview
This home at 701 Valour Road presents a distinct profile within Winnipeg’s Minto neighbourhood. Built in 1911, it is a historic property with a 1,040 sqft living space that is notably above the average for similar homes on its own street. Its key characteristic is a very low municipal assessed value of $18,900, which places it in the bottom 10% of homes locally and city-wide. This suggests it may require significant modernization or investment. The lot size of 2,346 sqft is modest, particularly when compared to the city-wide average.
Its appeal lies in its potential as an entry point into the housing market or as a value-driven project. The low assessment could translate to lower property taxes, which is a practical advantage. It would best suit a specific type of buyer: a hands-on investor or renovator looking for a structural shell to restore, or a buyer with a very constrained budget who prioritizes location over move-in condition. It is less suited to someone seeking a turn-key home or a standard, modern living space.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
A municipal assessment this low typically indicates the home is valued primarily for its land, with the existing structure contributing minimal value due to its age, condition, or functional obsolescence. It strongly suggests the need for major updates or repairs.
2. Is the living area a good size for the area?
Yes. At 1,040 sqft, the living space is actually larger than the average (953 sqft) for comparable homes on Valour Road itself, offering more interior space than many immediate neighbours.
3. What should I consider with a home built in 1911?
Prospective buyers should budget for and investigate updates to core systems like wiring, plumbing, and insulation. While offering classic charm, a home of this age will likely have higher maintenance needs and energy costs than a modern build, unless it has been comprehensively updated.
4. How does the lot size impact potential?
The lot is smaller than most in the city, which may limit expansion possibilities like large additions or pools. However, a smaller lot can also mean less exterior maintenance, which some buyers may prefer.
5. How can I find out what this property actually sold for?
The exact sale price history is not publicly displayed. As noted on the listing, you can request this information directly via the provided email link, and the service manually replies with the accurate data.