Property Overview: 748 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 748 Valour Road is a compact, early-20th century property in the Minto neighbourhood. Its key characteristic is its modest scale, with 808 square feet of living space on a 2,199 sqft lot, making it smaller than most comparable homes on its street and in the wider city. Built in 1906, it is notably older than the vast majority of Winnipeg's housing stock.
The appeal lies in its affordability and potential. With an assessed value significantly below area averages, it presents a lower financial barrier to entry into the Winnipeg market. This could suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large mortgage. Its age suggests potential for character, but also implies that a buyer should be prepared for the maintenance and updating needs typical of a 120-year-old home. It’s a practical choice for those prioritizing location and budget over size and modern finishes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is based on the property's specific attributes—its smaller size, older age, and specific condition—as evaluated by the municipal authority. It reflects its market position as a more affordable, entry-level option.
2. What does the "Sold 2019 CA$100k–150k" price range indicate?
This shows the property sold within that broad price bracket several years ago. The wide range is based on public data; for the exact historical sale price, you can request it directly via the provided email service.
3. As a 1906 home, what should I be most concerned about?
Prospective buyers should prioritize a thorough inspection. Key focus areas for a home of this age typically include the foundation, roof, electrical wiring, plumbing, and insulation. Budgeting for ongoing maintenance is essential.
4. The lot size is below average. How much of a limitation is this?
The smaller lot means less outdoor space for gardening, expansions, or large additions. However, it also translates to less yard maintenance. The potential for extending the home itself may be limited by setback regulations.
5. Who are the most likely neighbours, based on the similar properties listed?
The listing shows nearby properties with similar assessed values are primarily condo units on Grant Avenue, not standalone houses. This suggests 748 Valour Road offers a rare, low-cost entry point into single-family home ownership in the area, albeit in a more compact form.