Property Overview: 694 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 694 Valour Road presents a distinct profile defined by its contrasts. Its primary appeal lies in offering above-average interior space within a historically valued and more affordable segment of the market. Built in 1911, the 1,160 sqft living area is notably larger than many comparable homes on its street and in the broader Minto area. This suggests a house that may have been expanded or simply built with more generous room proportions than its neighbours.
However, this comes with trade-offs characteristic of an older, centrally located property. The lot is compact at 2,200 sqft, and both the assessed value and recent sale prices fall below area averages. This creates a specific value proposition: you are acquiring more house for your money, but within the context of an older building on a smaller parcel of land. It would suit practical, value-conscious buyers—such as first-time homeowners or investors—who prioritize interior square footage and a lower entry price over a large yard or a newer build. The property’s history and established neighbourhood location may also appeal to those interested in character homes, provided they are prepared for the maintenance that comes with a 115-year-old structure.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home’s age, smaller lot size, and market segment. It can be an advantage, potentially leading to relatively lower property taxes compared to homes with similar living space but higher assessments.
2. What does the "above average" living area ranking mean in practice?
It means that for its immediate vicinity and even across the city, this home offers more interior space than many peers. For a buyer, this translates to better value per square foot and more room than might be expected in this price range.
3. Are there risks with a house built in 1911?
Yes, as with any century-old home. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation. While it offers charm, updating and maintenance costs should be factored into the budget.
4. How useful is the sold price history provided?
The broad price ranges (e.g., CA$200k–250k in 2021) give a general market trajectory but lack precision. For serious offers, requesting the exact sold price history from the provided service is recommended to inform a competitive bid.
5. The lot size is in the bottom 10% city-wide. How limiting is this?
It significantly limits expansive outdoor space, gardening, or large additions. This is typical for older inner-city neighbourhoods. Suitability depends on lifestyle; it may be adequate for a small patio or low-maintenance landscaping but not for those wanting a large private yard.