Property Summary: 823 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and land. Built in 1914, it offers 1,131 sqft of living area, which is notably above average for its street and neighbourhood. The lot size of nearly 4,000 sqft is also a significant asset, ranking well within the local area and providing ample outdoor potential.
The primary appeal lies in its relative affordability, as indicated by a consistently below-average assessed value across all comparison levels. This creates an opportunity for buyers seeking more interior and yard space for their budget in the Minto area. The property suits practical buyers, such as those willing to take on a character home that may require updates, or investors looking for a land-value play. A less obvious perspective is that its older vintage, while potentially needing maintenance, often comes with construction quality and architectural details not found in newer builds. Its value metrics suggest it’s a property that stands out more for its physical attributes than its price tag, making it a pragmatic choice over a prestige one.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value for taxation purposes doesn't always equal market value and can be influenced by many factors, including the home's age, condition, and specific market trends in its immediate area compared to the wider city.
2. What does the 1914 build year mean for me as a buyer?
It indicates a character home that may feature solid craftsmanship but will likely require a thorough inspection. Potential considerations include the condition of foundational elements, plumbing, electrical systems, and the need for insulation or window upgrades.
3. How significant is the lot size?
At 3,993 sqft, the lot is larger than most in the immediate neighbourhood and Minto area. This is a key asset for outdoor space, gardening, potential additions, or future redevelopment, offering flexibility that smaller lots do not.
4. How accurate is the sold price history shown?
The listed sale range (e.g., CA$150k–200k in 2017) is based on available public data. For the exact historical sale price, you must request it via the provided email service, as this information is verified and delivered manually.
5. The home ranks well for space but poorly for value—what does that signal?
This pattern often suggests the property offers good physical proportions (living area and land) for its price point within the local context. It can indicate a home that is undervalued or one where the condition offsets the value of its size, necessitating a closer look.