Property Summary: 746 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its modern construction and unique valuation. Built in 2015, it is a notably newer property compared to most homes on its street and in the broader Minto area, offering the advantages of contemporary building standards and systems. Its assessed value is strikingly low for the local market, ranking in the top 2-4% of the neighbourhood, which suggests a very favourable property tax burden.
The appeal lies in this combination of modern living with potentially lower ongoing municipal costs. The living space (884 sq ft) is practical for the area, though the lot size is compact. This isn't a sprawling property; its value is in the building itself rather than the land.
This property would best suit a pragmatic buyer who prioritizes a newer, low-maintenance home and values efficiency over square footage. It’s ideal for a first-time buyer, an investor, or a downsizer looking for a modern footprint without a typical modern tax bill. The buyer should be comfortable with a smaller outdoor space but appreciative of a home that stands out statistically for its age and assessed value in an older, established community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than recent sale prices?
The most recent sale (2024) was between $400k-$450k, while the assessed value is $36,400. This large gap is common; municipal assessed value is for tax purposes and often lags behind market value, which is determined by what buyers are currently willing to pay.
2. What does the "Elite" ranking for Year Built mean practically?
It means this is one of the newest homes in the area. Compared to the neighbourhood average build year of 1936, this 2015 home likely has newer plumbing, electrical, insulation, and major systems, potentially reducing immediate repair costs and improving energy efficiency.
3. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is smaller than most in Minto and significantly smaller than the Winnipeg average. This means less yard maintenance but also less private outdoor space. It’s a trade-off that aligns with a low-maintenance, home-centric lifestyle.
4. Who determines the "comparable homes" used in these rankings?
The rankings are generated by the website's analysis tool, grouping homes it deems similar. It’s a useful snapshot for context, but for a precise market evaluation, a professional appraisal or comparative market analysis (CMA) from a realtor is recommended.
5. How reliable are the displayed past sold price ranges?
The site states these ranges are based on public data and some months may be missing. They provide a general price trend history. For the exact, legally recorded sale price, you must request it directly from the site via email, as noted in the disclaimer.