Property Overview: 736 Valour Road, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home in Winnipeg's Minto neighbourhood, built in 1913. With 960 square feet of living space, it offers a manageable footprint that is actually slightly above the average for similar homes on its street. Its primary appeal lies in its position as an accessible entry point into the market, underscored by a notably low municipal assessed value. The lot size is modest, especially when compared to the wider city, suggesting a lower-maintenance yard.
The property suits first-time buyers or pragmatic investors seeking a straightforward, no-frills foundation. Its value proposition is clear: it’s a home that ranks below average in price and lot size across most metrics, but holds its own in terms of living space within its immediate locale. For the right buyer, this represents an opportunity to secure a character home without a premium price tag, ideal for those comfortable with the realities and potential of a 113-year-old structure. Recent sale history indicates steady activity, with homes on the street trading in a consistent range.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is a municipal valuation for tax purposes, not a market price. This home’s value ranks in the bottom 15-20% locally, reflecting factors like its age, smaller lot size, and modest footprint compared to the broader Winnipeg market.
2. What should I consider with a home built in 1913?
While offering classic character, a home of this age will likely have older mechanical systems (like plumbing and wiring), and may require updates for modern efficiency and comfort. A thorough inspection is essential to understand the condition and any needed investments.
3. The living area is ranked higher than the lot size. What does this mean?
It indicates the house utilizes its modest lot efficiently. You get a relatively generous amount of indoor space for the street, but with a smaller, more manageable outdoor area to maintain.
4. How does the recent sale history inform the potential price?
The home sold in 2017 and 2021, both times within the $200k-$250k range. This establishes a clear historical price bracket for the property and suggests a stable, if not rapidly appreciating, value in its recent past.
5. What is the practical benefit of the neighbourhood comparison rankings?
These rankings contextualize the home against its immediate peers. For example, knowing its living space is above average for Valour Road is useful, while understanding its lot size is in the bottom 10% city-wide sets realistic expectations for outdoor space.