Property Overview: 904 Valour Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 904 Valour Road in the Minto neighbourhood presents a distinct profile centered on its land value and location. Built in 1921, it's a century-old property with a modest 850 sqft living space, which is smaller than average for both the immediate street and the wider city. Its primary appeal lies in its substantial 4,398 sqft lot, which is significantly larger than most in Minto and on Valour Road itself, ranking in the top 20% locally. This suggests potential for outdoor space, gardening, or future expansion, subject to approvals.
The home’s assessed value is notably higher than area averages, indicating that the valuation is likely driven more by its desirable lot size and location rather than the size or condition of the structure. It last sold in the $250k-$300k range in 2022. This combination suits practical buyers who see value in land and location over turn-key condition. It could be a fit for a first-time buyer comfortable with a smaller, character home who values a larger yard, or for an investor/renovator who views the lot as a long-term asset. The data suggests you are paying a premium for the land within a well-established community, not for square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value high when the house is smaller and older than average?
The assessment reflects more than just the building. It heavily incorporates the value of the land, which at over 4,300 sqft is well above average for the Minto area, suggesting the lot itself is a significant and desirable asset.
2. What does the "Top 20%" ranking for Assessed Value on the street mean?
It means this property's assessed value is higher than roughly 80% of the 421 comparable properties on Valour Road. This isn't necessarily about luxury, but often indicates a key feature—like its larger lot—that makes it more valuable than its immediate neighbours.
3. Is the smaller living area a concern?
It depends on your needs. At 850 sqft, it's compact. It may require creative use of space or be ideal for someone looking to minimize maintenance and heating costs. The trade-off is the larger outdoor space the lot provides.
4. How reliable is the sold price range shown?
The range is based on publicly available data. For the exact sale price, you must request it directly via the provided email service. This is a common practice to ensure accuracy, as public records can sometimes show broad ranges or be incomplete.
5. As a 105-year-old home, what should I consider?
While the building is "around average" age for the Minto area, its 1921 construction means potential buyers should prioritize a thorough inspection. Focus on the condition of major systems (roof, foundation, plumbing, electrical) which may need updating, and budget accordingly. The charm of an older home comes with a responsibility for its maintenance.