Property Overview: 855 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 855 Valour Road is a compact, character property built in 1930, situated on a standard-sized lot in the Minto neighbourhood. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, recently selling within the $250,000 to $300,000 range. The 772 sqft living area is notably smaller than average for the city, making it a true starter home or a practical downsizing option.
The property’s value is contextual. While its assessed value and lot size are fairly typical for its immediate street and neighbourhood, it stands out as a more budget-friendly option when viewed across the wider city. This creates a specific appeal: you’re purchasing a home that fits the local area's profile without paying a premium for extra space you may not need. It would suit first-time buyers prioritizing location and lot ownership over square footage, or investors looking for a manageable rental property. A thoughtful perspective is that a home of this age and modest size on a standard lot offers the potential for expansion or renovation over time, allowing a buyer to add value in a well-established area.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 772 sqft, the living area is below average for Valour Road, the Minto area, and Winnipeg overall. It ranks in the bottom 30% for size city-wide, indicating a compact layout.
2. Is the assessed value a good indicator of the sale price?
The assessed value is approximately $23,100, which is around average for the street. The home recently sold for between $250,000 and $300,000, which is a typical market premium over the assessed value for the area.
3. What does the "Top X%" ranking mean for each feature?
This ranking shows how the property compares to similar homes in a given area. For example, being in the "Top 72%" for living area on its street means 72% of comparable homes on Valour Road are larger; only 28% are smaller.
4. Are homes from 1930 a concern?
The 1930 build date is very typical for the Minto neighbourhood, where the average home was built in 1933. While this suggests potential for character, it also means buyers should budget for maintenance and updates common to homes of this era.
5. How can I find the exact sold price?
The exact sold price is not publicly displayed. The listing service provides the price range based on public data and offers to manually send the precise figure by email upon request, typically by the end of the same business day.