Property Summary: 732 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 732 Valour Road in the Minto neighbourhood is defined by its historical roots and practical positioning in the Winnipeg market. Built in 1907, it is a notably older character home, ranking among the oldest 4% of properties in its immediate area. With 1,044 square feet of living space, it offers a moderately sized footprint that is actually above average for similar homes on its street. The lot size of 2,199 sqft is compact, even by neighbourhood standards.
The primary appeal lies in its accessibility and potential. The assessed value is significantly below area averages, indicating a lower property tax base and suggesting an entry point into the market. This creates an opportunity for a hands-on buyer looking to put their own stamp on a character property. It would suit a first-time buyer, an investor comfortable with a century-old home’s maintenance considerations, or someone seeking a lower-cost foothold in a central neighbourhood. A less obvious perspective is that its compact lot and smaller scale could mean lower ongoing maintenance costs for yard work and exterior upkeep compared to larger properties.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is a municipal valuation for tax purposes and is often conservative, especially for older homes that may not have been recently renovated. It does not necessarily reflect current market sale prices, as seen in the 2018/2019 sold price ranges which were higher.
2. What are the considerations with a home built in 1907?
While offering character, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems. Potential buyers should budget for updates and prioritize a thorough inspection to understand the condition and any needed repairs.
3. How does the lot size impact the property?
The lot is smaller than most in the area. This limits expansion possibilities but also translates to less exterior maintenance. It’s a practical choice for those not wanting extensive yard work but may not suit those desiring a large garden or outdoor space.
4. The sold price history shows a range. How can I find the exact price?
The exact sale prices are not publicly listed in detail. As noted on the listing, you can request the precise historical sold price by emailing the provided service, which manually retrieves and shares that data.
5. Is the living space adequate compared to the neighbourhood?
Yes. While the home is compact by city-wide standards, its living area is actually larger than the average for comparable homes on Valour Road itself. It provides a functional amount of space relative to its immediate surroundings.