Property Overview: 721 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 721 Valour Road in the Minto neighbourhood presents a compelling mix of space, value, and location. Built in 1946, its key strength lies in its generous proportions relative to its immediate area. With 1,376 square feet of living space, it ranks in the top 7% on its street and top 14% in Minto, offering significantly more room than many neighbouring homes. This is complemented by a large 4,690 sqft lot, placing it in the top 10% on the street for land area. The assessed value of $30,200 suggests a property with strong value fundamentals within the community.
The appeal here is rooted in practicality and potential. It suits a buyer looking for a character home with ample indoor and outdoor space in a mature neighbourhood, who values a footprint larger than the local norm. It’s an ideal prospect for someone comfortable with a home of this era, possibly seeing value in the opportunity to update while benefiting from a lot size that is increasingly rare in central areas. The data indicates you are paying for substance—more house and more land than is typical for the area—rather than just a postal code.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price range of $250k-$300k?
The assessed value ($30,200) is for municipal tax purposes and is not a market valuation. In Manitoba, it is typically a fraction of the actual market value. The recent sale price range is the relevant figure for understanding current market worth.
2. How does the size of this home compare to others nearby?
It stands out for its space. With 1,376 sqft, it is considerably larger than the average home on Valour Road (~953 sqft) and in the Minto area (~1,060 sqft). You are getting a home with above-average interior space for this specific location.
3. What should I consider with an 80-year-old home?
While the home is older than the city-wide average, it is actually newer than many on its street and in Minto. This suggests the neighbourhood’s character is well-established. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, which is standard for any home of this vintage.
4. Is the lot size a significant feature?
Yes. At 4,690 sqft, the lot is well above the local averages for both the street and the area. This provides valuable outdoor space, potential for gardening, expansion, or additions, and contributes to the property’s long-term value.
5. How do I find out the exact past sale price?
The provider offers a manual service to share the exact sold price history. You can submit your email via the form on the listing page, and they aim to reply with the accurate figure by the end of the same day, without using your details for marketing.