872 Valour Road

Property Overview: 872 Valour Road, Winnipeg

Key Characteristics & Appeal

This home at 872 Valour Road in the Minto neighbourhood is a practical, early-20th century property built in 1914. Its key appeal lies in its position as a modestly-sized, historically contextual home within an established community. With 986 square feet of living space, it offers a manageable footprint that is actually slightly above the average for similar homes on its own street. The lot, at 2,199 sqft, is compact, suggesting lower maintenance and a focus on the dwelling itself rather than extensive outdoor space.

The data reveals a nuanced story. While its assessed value is significantly below average at every comparison level—street, neighbourhood, and city-wide—this indicates a potentially lower property tax burden and an accessible entry point into the market. Its recent sale history shows a notable increase in value between 2018 and 2024, suggesting the area is experiencing appreciation. This property would suit a first-time buyer, an investor looking for a character rental, or a downsizer seeking a low-maintenance, no-frills home in a central location. Its charm is not in grandeur, but in its simplicity, historical roots, and financial accessibility.

Frequently Asked Questions

1. Why is the assessed value so much lower than recent sale prices?
Assessed values in Manitoba are primarily for municipal tax purposes and often lag behind current market values, which are driven by buyer demand. The significant jump in sale price from 2018 to 2024 highlights this market-appreciation gap.

2. What does the compact lot size mean for me?
The lot is smaller than most in the city. This translates to less yard maintenance, which can be a benefit for those seeking simplicity. However, it may limit options for expansions, large gardens, or extensive outdoor living spaces.

3. As a 112-year-old home, what should I be prepared for?
While the structure has proven its durability, a home of this age will likely have older building systems, materials, and layouts. A thorough inspection is essential to budget for potential updates to plumbing, electrical, or insulation to meet modern standards and efficiency.

4. The data shows the living space is "around average" for the street but "below average" city-wide. Which is more relevant?
For daily living, the street and neighbourhood context is most relevant. It means the home's size is typical for its immediate area, so you won't feel unusually cramped compared to your neighbours. The city-wide comparison simply reflects that newer suburban homes are generally larger.

5. How reliable are the displayed sold price ranges?
The ranges are based on publicly available data. For the exact historical sold prices, you must request them directly via the provided email service, as precise sale figures are not fully public record in Manitoba.