Property Overview: 663 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its impressive interior space within a more compact, century-old lot. Its primary standout feature is its generous 1,711 sqft living area, which ranks in the top 1% of homes on Valour Road and the top 5% within the Minto neighbourhood. This suggests a well-utilized floor plan that offers more room than most comparable local properties. Built in 1914, the home carries the character and potential maintenance considerations of its era. The lot size is modest relative to both local and city-wide averages, indicating a lower-maintenance yard but less outdoor space.
The appeal lies in this balance of ample interior square footage at a municipal assessed value that is average for its immediate area. It suits a buyer looking for a spacious interior in a central neighbourhood without a premium price tag for land. This could be ideal for someone who prioritizes indoor living space over a large garden, or for a pragmatic buyer who sees the value in the existing structure and is prepared for the updates a 112-year-old home may require. It’s a property where the value is in the home itself, not the land it sits on.
Section 2: Frequently Asked Questions
1. Why is the assessed value relatively low compared to the city-wide average?
The assessed value is primarily based on the property’s characteristics within its local market. While the living space is large, factors like the older age (1914), modest lot size, and specific neighbourhood pricing all contribute to an assessment that is average for Minto but below the average for all of Winnipeg.
2. What does the "top 1%" ranking for living area actually mean?
It means that among 421 comparable homes on Valour Road, only 4 have a larger living area. This home offers significantly more interior space (1,711 sqft) than the street's average of about 953 sqft.
3. Are there known issues with homes from 1914?
While not specific to this house, properties of this age commonly require attention to foundational elements, wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any needed updates, which can be an opportunity for customization.
4. How reliable is the last sold price range shown (CA$200k–250k in 2020)?
The provided range is based on available public data. For the exact historical sale price, you must request it directly via the provided email service, as this information is verified and supplied manually.
5. The lot is smaller than average. What are the implications?
This typically means lower maintenance for landscaping and snow clearing, which can be a benefit. However, it may limit options for expansions like large additions, decks, or pools, and offers less private outdoor space. Parking and driveway space may also be more limited.