Property Overview: 914 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 914 Valour Road is a compact, historic property built in 1914, offering a unique entry point into Winnipeg’s Minto neighbourhood. Its key characteristic is its modest scale: with 729 sqft of living space on a 2,199 sqft lot, it is notably smaller than most comparable homes on its street, in the area, and across the city. The assessed value is significantly below average, reflecting its size and vintage.
The primary appeal lies in its affordability and potential. It represents a genuine opportunity for a first-time homebuyer or an investor seeking a lower-cost foothold in the city. Its age (112 years) suggests classic character, but also implies that a buyer’s focus should be on maintenance and systems updates. This property would suit a practical, hands-on buyer who values location over size and is comfortable with a home that requires careful stewardship. A less obvious perspective is that its smaller footprint can mean lower utility costs and less upkeep, appealing to those seeking a simpler, more efficient lifestyle. It’s not for those needing ample space, but ideal for someone viewing a home as a strategic starting asset rather than a forever destination.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is based on the property’s specific attributes, primarily its smaller-than-average living area and lot size, as well as its age. It is priced for its segment of the market, not against larger, more modern homes.
2. What should I consider due to the home’s age (built in 1914)?
While offering charm, a home of this age will likely need attention to foundational elements, wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and plan for necessary updates or repairs.
3. How does the small lot size impact the property?
The lot is smaller than most in the area, limiting expansive outdoor space or large additions. However, it can mean less yard maintenance and may be sufficient for a patio or small garden.
4. The data shows it sold between $100k-$150k in 2016. What is it worth now?
The sold price history provides a past benchmark, but current market conditions, any updates made since 2016, and recent comparable sales will determine today’s value. For the exact historical sold price, you can request the information via email from the listing source.
5. Who would this property be a good fit for?
It is best suited for budget-conscious first-time buyers, investors looking for a rental property, or individuals seeking a minimal-maintenance, character home. It is less suitable for families needing multiple bedrooms or those unwilling to manage the upkeep of an older house.