Property Overview: 889 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 889 Valour Road in the Minto neighbourhood is a study in contrasts, defined by its established location and modest footprint. Built in 1914, it is a century-old property on a smaller, 2,040 sqft lot. Its interior living space of 1,065 sqft is notably efficient and ranks above average for size compared to its immediate street, offering more room than many neighbouring homes. The standout characteristic is its low assessed value, which sits significantly below averages for the street, neighbourhood, and wider city.
The primary appeal lies in its position as a potentially accessible entry point into the Winnipeg market. It suits practical, value-conscious buyers such as first-time homeowners or investors looking for a lower-cost holding. The above-average living space for the street suggests a relatively efficient use of the property. A thoughtful perspective for a home of this age is to view it as a canvas; its value will be closely tied to its current condition and the cost of any necessary updates or maintenance typical of a 112-year-old structure. It is not a property for those seeking a large yard or a modern build, but rather for someone prioritizing location within a budget and seeing potential in an older, character home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is a municipal valuation for tax purposes and is consistently below local averages. This typically results in lower property taxes, but it can also reflect the home’s age, lot size, and condition relative to other properties.
2. How does the living area compare to nearby homes?
With 1,065 sqft, this home offers more interior space than most on Valour Road (ranking in the top 29%). This is its strongest comparative metric locally, suggesting a comfortable layout for its setting.
3. What should I consider about the year it was built (1914)?
A home from 1914 requires careful attention to the state of major systems like wiring, plumbing, and the foundation. While it offers classic character, a thorough inspection is essential to understand the scope and potential cost of any updates or repairs needed.
4. The lot size is noted as being in the bottom percentile. What does this mean?
The 2,040 sqft lot is smaller than nearly all comparison properties. This means minimal outdoor space for gardening or expansion, but also less maintenance. It points to a compact, urban lot typical of older neighbourhoods.
5. How can I find out the exact historical sale price?
The listed sale price range is based on public data. The exact sale price is available by request via the email system provided on the listing page, which the service provides manually without using your email for marketing.