Property Overview: 875 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 875 Valour Road is a classic, early 20th-century property built in 1911, offering a blend of established neighbourhood character and practical space. With 1,040 square feet of living area, it provides a comfortable footprint that is notably above average for homes on its own street. The lot size of just over 3,000 square feet is typical for the local Minto area, providing a standard urban yard.
The primary appeal lies in its value positioning. The home’s assessed value is consistently below the average for its immediate street, the broader Minto neighbourhood, and the city overall. This suggests a potential entry point into the market or an opportunity for those comfortable with a home that has a history. Recent sale history indicates active turnover and appreciation, with the sold price moving from the $150k-$200k range in 2021 to $250k-$300k in 2023.
This property would best suit a pragmatic buyer who values location and lot size over modern finishes. It’s a candidate for a first-time homebuyer, an investor looking for a character property with rental potential, or a hands-on owner who sees value in a home that may benefit from updates over time. Its age and below-average assessment hint at a "blank canvas" appeal for those willing to invest sweat equity or gradual renovations.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value actually mean?
It means the city’s tax assessment for this home is lower than most comparable properties in its vicinity. This can indicate a more affordable entry price and potentially lower property taxes, but it often correlates with the home’s older age and may reflect a need for modernization compared to neighbours.
2. The home was built in 1911. What should I consider?
While offering classic charm, a home of this age requires careful attention to foundational systems. A thorough inspection is essential to understand the condition of the plumbing, electrical, heating, and structure. Original features may be present but could require restoration.
3. How does the living space compare practically?
At 1,040 sq ft, it is spacious for its specific street, where the average is 953 sq ft. This means you’re getting more interior space than many direct neighbours, which is a positive. However, it remains a compact, efficient layout typical of its era, not a sprawling modern home.
4. The sale price jumped between 2021 and 2023. Is the price now inflated?
The increase reflects the strong market trends of those years. The current asking price will determine if that appreciation has plateaued or continued. This history shows the property is in demand, but a buyer should evaluate its current price against similar homes sold very recently.
5. What is the immediate neighbourhood like?
The very close proximity of similar homes on Valour Road suggests a densely built, established community with a mix of long-term residents and newer owners. The tight ranking of lot sizes indicates uniform, traditional urban lots with modest front and back yards.