Property Overview: 920 Valour Road, Winnipeg
Key Characteristics & Appeal
This home at 920 Valour Road is a compact, century-old property in Winnipeg's Minto neighbourhood. Its key characteristic is its modest scale: with 720 sqft of living space on a 2,199 sqft lot, it is notably smaller than most homes on its street, in Minto, and across the city. Built in 1925, its assessed value is relatively moderate for its immediate area but sits below the wider city average.
The appeal lies in its efficiency and potential as an entry point into the market. For the right buyer, the smaller size translates to lower maintenance, manageable utility costs, and a simpler living footprint. Its assessed value being "around average" for the street and neighbourhood suggests it is priced consistently with its local context, not carrying a premium for extra space a buyer may not need. This property would suit a first-time homebuyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance lifestyle without leaving established city neighbourhoods. A thoughtful perspective is that a home of this vintage and size on a standard city lot offers a rare opportunity to potentially expand or renovate in the future, as the structure is not occupying the entire land parcel.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold twice in recent years (2021 and 2022), with prices placing it in the top 45-65% for the neighbourhood at those times. This indicates a history of competitive demand within its specific market segment, which is useful for understanding its market trajectory.
2. What does the "below average" living area ranking practically mean?
While the 720 sqft living area is smaller than 81% of homes on Valour Road, it signifies a true bungalow or cottage-style layout. Buyers should be prepared for efficient use of space and prioritize a functional floor plan over spacious rooms.
3. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($23.70k for land and building) is for municipal tax purposes. It is not a market valuation. The recent sale prices (e.g., $250k-$300k in 2022) are a far more accurate reflection of its actual market value.
4. What are the implications of the land size?
At 2,199 sqft, the lot is smaller than most but is still a standard city lot width and provides defined outdoor space. It offers enough room for a garden or patio but limits potential for large additions without variances.
5. How can I get more precise historical data?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request the precise sale history by email, which the service provides manually without using your contact for marketing.