Property Overview: 741 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 741 Valour Road is a compact, century-old property built in 1922, offering a practical entry point into Winnipeg’s Minto neighbourhood. With 752 square feet of living space on a 2,344 sqft lot, its scale is notably modest compared to area and city averages. This is reflected in its assessed value, which is well below the norm for Winnipeg. The home last sold between $150,000 and $200,000 in 2019.
Its primary appeal lies in affordability and location. It represents a lower-barrier option in a central neighbourhood, suited for a first-time buyer, an investor, or someone seeking a minimalist footprint without a large mortgage. The lot, while smaller than many, still provides outdoor space typical of older city cores. A thoughtful perspective is that its below-average metrics across the board could signal an opportunity for value-adding renovation, or simply a chance to own a home with lower carrying costs. This property would suit a pragmatic buyer who prioritizes financial accessibility over size, and who is comfortable with a home that may require updates reflective of its age.
Frequently Asked Questions
1. What does the "below average" ranking for assessed value actually mean?
It means this home’s city-assessed value for tax purposes is lower than most comparable properties in its area, on its street, and across Winnipeg. This typically results in a relatively lower property tax bill, which is a key part of its affordability.
2. Is the small living area a major concern?
It depends on your needs. At 752 sqft, it is significantly cozier than the average Winnipeg home. It would suit a single person, a couple, or someone comfortable with efficient, minimalist living. It may feel cramped for a family or anyone needing dedicated home office space.
3. The home is over 100 years old. What should I consider?
A home built in 1922 will likely have character but may also require attention to aging components like plumbing, electrical, windows, and insulation. A thorough pre-purchase inspection is essential to understand the condition and potential upcoming costs.
4. How reliable is the sold price range shown?
The range ($150k–$k for 2019) is based on available public data. For the exact historical sale price, you must request it directly from the site via email, as they manually verify and provide precise figures from their records.
5. The lot seems small. Can I still add a deck or garden?
Yes, a 2,344 sqft lot still allows for a modest backyard garden, patio, or deck. Its size is fairly typical for older neighbourhoods like Minto. You should check City of Winnipeg zoning bylaws for any setback requirements or permits needed for structures.