Property Overview: 702 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 702 Valour Road in the Minto neighbourhood presents a practical and value-oriented opportunity. Built in 1960, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for maintenance and systems. With 936 sqft of living space and a 2,962 sqft lot, its size is very typical for Valour Road and Minto, offering a manageable scale for upkeep.
The primary appeal lies in its strong positioning within its local context. The assessed value of $270k ranks above average for Valour Road, suggesting it is a well-regarded property on its block. Recent sale history indicates solid appreciation. This isn't a sprawling estate, but a competitively sized home in a mature neighbourhood. It would suit first-time buyers seeking an entry into the market, downsizers looking for a manageable property without leaving a familiar community style, or practical investors focused on a stable, demand-driven area. A thoughtful perspective is that its "average" size for the area is actually a strength, indicating a proven, in-demand layout that fits the neighbourhood's character, potentially making it more resilient and easier to value.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it holds its own very well locally. It's newer than most on the street, and its assessed value is in the top 30% for Valour Road, meaning it's considered above average for the immediate vicinity.
2. Has the property value increased?
Based on available sale price ranges, the property sold between $200k-$250k in 2017 and between $300k-$350k in 2024, indicating a trend of appreciation over that period.
3. Is the lot size a limitation?
At just under 3,000 sqft, the lot is standard for Minto and Valour Road. It provides adequate outdoor space for a patio, garden, or play area without the high maintenance of a much larger yard. It ranks as average for the neighbourhood.
4. What does the "below average" city-wide ranking mean?
Metrics like living area and lot size rank below the Winnipeg average because this is a classic, established neighbourhood with more compact homes compared to newer suburban developments. This is typical for the area and is reflected in the accessible price point.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed in detail. You can request them by email via the button on the listing page. The service is manual, with a promise of reply by the end of the same day and no marketing spam.