Property Overview: 705 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Valour Road in the Minto neighbourhood presents a distinct profile defined by its contrasts. Its primary appeal lies in offering above-average interior and land space for its immediate area at a relatively accessible price point, housed within a character-filled, century-old structure.
Key Characteristics:
- Spacious Footprint: With 1,418 sqft of living area, the home is notably larger than most in Minto and on Valour Road itself, ranking in the top 5-13% locally. The 4,691 sqft lot is also significantly larger than area norms, offering ample outdoor space.
- Historic Foundation: Built in 1912, the property is a true century home, older than the vast majority of Winnipeg houses. This suggests potential for classic architectural charm but also implies a need for diligent maintenance and modern updates.
- Value Positioning: The assessed value is modest compared to the Winnipeg city-wide average, yet it aligns with averages for the street and neighbourhood. Recent sold price history indicates a stable market in the area.
Ideal Buyer Profile:
This property suits practical-minded buyers who prioritize interior and yard space over modern construction. It’s a strong fit for someone seeking a character home in a central neighbourhood, who is prepared for the upkeep of a 114-year-old structure and sees value in a larger lot. It appeals to those looking for a home that stands out in size within its local context, without the premium price of a newer or fully renovated property.
Section 2: Frequently Asked Questions
1. Is this a good value for the money?
Based on the data, the home offers more living and land space than most comparable properties in Minto and on Valour Road, while its assessed value is consistent with area averages. This suggests you are getting more square footage for your dollar locally, though the older age of the home is a factor in its valuation.
2. What does the older year built (1912) mean for me?
It signifies a home with history and likely classic features, but also requires careful attention. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation, roof) and budget for potential updates or repairs common to houses of this era.
3. How stable is the property’s value?
Recent sales data shows the home sold in 2022 and again in 2023, with prices within a consistent range. This suggests active interest and a stable local market, but not explosive appreciation. Its value appears closely tied to the established Minto neighbourhood market.
4. The lot size is large for the area. What are the implications?
A lot size ranking in the top 9% on the street is a significant advantage. It offers greater privacy, outdoor living potential, garden space, and room for additions like a garage or deck. It also typically contributes to the property’s long-term value.
5. Why is the city-wide ranking for value and age so different from the local ranking?
This highlights the importance of neighbourhood context. While the home is older and has a lower assessed value compared to the entire city, it is much more aligned with—and even spacious for—its specific neighbourhood. This is common for well-established, central communities like Minto compared to newer suburban areas.