Property Overview: 807 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 807 Valour Road in the Minto neighbourhood is a classic Winnipeg property that presents a balanced, grounded opportunity. Built in 1926, its 912 sqft living space is typical for the street and area, offering a manageable footprint. The standout feature is its lot: at just under 4,000 sqft, the land area is notably larger than most in both Minto and on Valour Road itself, providing above-average outdoor space for the locale.
Its appeal lies in its established context and practicality. With an assessed value and recent sold price positioning it around the average for the immediate area, it represents a straightforward entry into a mature neighbourhood. The home suits first-time buyers or practical investors looking for a character home without the premium of a newer build or a tiny lot. It’s a property where value is derived more from its land size and neighbourhood positioning than from square footage or modern features, appealing to those who see potential in outdoor space or appreciate the stability of a century-old community.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot of 3,993 sqft is a key feature. It ranks in the top 26% on Valour Road and the top 17% in the Minto area, meaning it is significantly larger than many of its immediate neighbours, offering more yard space.
2. Is the home smaller than average for Winnipeg?
Yes. With 912 sqft of living area, it is below the Winnipeg city-wide average. However, it is very much in line with the typical home sizes found on its street and within the Minto neighbourhood.
3. What can the sold price history tell me?
The home sold in 2022 for an estimated $250k-$300k. This price was above average for both Valour Road and the Minto area at that time, suggesting it may have had specific features or condition that attracted a premium relative to its immediate market.
4. As a home from 1926, what should I consider?
A 100-year-old home will likely require a different maintenance mindset than a newer build. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like the foundation, plumbing, wiring, and roof.
5. How is the assessed value determined, and why is it different from city averages?
The assessed value is set for taxation purposes and reflects the property’s value relative to its local market. While it is below the Winnipeg city-wide average, it is squarely around the average for both Valour Road and the Minto neighbourhood, indicating it is assessed consistently with its direct surroundings.