Property Overview: 750 Valour Road, Winnipeg
Key Characteristics & Appeal
This property is defined by its exceptional affordability and historic character. Built in 1906, it is a notably older home in the Minto neighbourhood, offering a compact 569 sqft of living space on a 2,199 sqft lot. The data clearly indicates its standout feature: a very low assessed value of $15,300, which places it among the most affordable properties in the city. Its recent sale between 2021-2025 in the $100k-$150k range confirms its position as an entry-point opportunity.
The appeal lies in its pure fundamentals—minimal property tax liability and a low barrier to entry. It suits a specific type of buyer: an investor looking for a bare-bones holding or a very hands-on owner who sees potential in a literal fixer-upper and values location over condition. It’s not a move-in-ready home but a canvas. A less obvious perspective is its potential utility as a strategic land purchase; the value may be increasingly anchored in the lot itself in an evolving neighbourhood, rather than the current structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed value for tax purposes often lags behind market value, especially after a recent sale. The sale price reflects what a buyer was willing to pay in the open market, while the assessment is an administrative valuation.
2. What does the "Top 99%" ranking for assessed value mean?
It means this property's assessed value is in the bottom 1% of comparable properties in its area (i.e., 99% of homes have a higher assessment). This directly translates to very low annual property taxes.
3. Is a 120-year-old house a major concern?
It requires a pragmatic approach. While it offers historic charm, prospective buyers must budget for and prioritize essential systems updates (like wiring, plumbing, and insulation) and be prepared for ongoing maintenance. A thorough inspection is non-negotiable.
4. Who would this property not be suitable for?
It is not suitable for buyers seeking a turnkey home, those needing more space, or anyone unable to manage or fund significant renovations. The data shows it is significantly smaller and older than area averages.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed in the listing details. You can request it by email using the provided form on the listing page; the service aims to provide the accurate figure manually by the end of the same day.