Property Overview & Appeal
637 Valour Road is a character home built in 1927, offering 860 square feet of living space on a 3,070 square foot lot in Winnipeg's Minto neighbourhood. Its key appeal lies in its established, central location and its position as a competitively sized property within its immediate area. While its living space is below the city-wide average, it ranks around the middle compared to homes on Valour Road and in the Minto area, suggesting it fits the local norm. The same is true for its assessed value, which is modest compared to the city but typical for the street and neighbourhood.
This home would suit a first-time buyer or an investor looking for an entry point into the Winnipeg market, particularly someone who values a classic neighbourhood feel over a large, modern footprint. Its smaller scale could also appeal to downsizers or those seeking a lower-maintenance property with a decent-sized yard for its locale. A thoughtful perspective is that its "average" metrics for the area indicate stability and predictability, potentially offering a less volatile entry in a well-established community without the premium of a larger or newly renovated home.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 860 sqft, the living area is slightly smaller than the immediate street average (953 sqft) but is a fairly typical size for the Minto neighbourhood, ranking in the top 66% locally.
2. What is the likely property tax based on the assessed value?
With an assessed value of $24,300, the property taxes would be calculated based on the City of Winnipeg's mill rate. This assessment is around average for Valour Road and the Minto area, suggesting taxes will be in line with similar older, character homes in central neighbourhoods.
3. Are there any recent sales history details available?
The property sold between $200,000 and $250,000 in 2021. For the exact sale price, you can request the information via email from the listing service.
4. Given the age of the home, what should I consider?
Built in 1927, the home is nearly a century old. Prospective buyers should budget for and prioritize a thorough inspection to assess the condition of major aging components like the foundation, plumbing, electrical systems, and roof.
5. How does the lot size compare, and what are the implications?
The 3,070 sqft lot is slightly smaller than the street average but very typical for Minto. It offers a manageable outdoor space for a central property. Notably, it is significantly smaller than the city-wide average lot, which is common for older, inner-city neighbourhoods.