Property Overview: 853 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 853 Valour Road is a 764 sqft character property built in 1928, situated on a standard 3,059 sqft lot in the Minto neighbourhood. Its primary appeal lies in its strong value proposition within its immediate area. While the living space is modest compared to broader city averages, the property's assessed value of $280,000 ranks well above average for both its street and neighbourhood. This suggests it is perceived as a solid asset in its local context, potentially due to factors like condition, updates, or its specific location on the block.
The home last sold between $250,000–$300,000 in 2022, aligning closely with the current assessed value. It would suit a first-time buyer or an investor looking for an entry point into the Winnipeg market with a home that has historical character. A thoughtful perspective is that this property represents a "local outperformer"—while it may not compete with larger, newer homes city-wide, it holds its own and then some within its community, which can be a sign of stability and desirability on a micro level.
Frequently Asked Questions
1. Is the home smaller than others in the area?
Yes. At 764 sqft, the living area is below the average for comparable homes on Valour Road (953 sqft) and in the wider Minto neighbourhood (1,060 sqft).
2. Why is the assessed value relatively high for a smaller, older home?
The $280,000 assessment ranks in the top 26% on its street and top 23% in Minto. This indicates that assessors have attributed significant value, likely due to the home's condition, improvements, or specific lot attributes, making it stand out positively against its immediate peers.
3. What does the sold price history tell us?
The home sold in the $250,000–$300,000 range in 2022. This recent sale price is consistent with the current assessed value, suggesting the assessment is grounded in a modern market transaction.
4. How does the lot size compare?
The 3,059 sqft lot is fairly typical for the area, ranking near the median for both the street and the Minto neighbourhood, but is below the much larger city-wide average.
5. How can I get the exact historical sold price?
The exact sold price is available by request. You can provide your email via the form on the property page to receive the precise figure manually, typically by the end of the same day.