Property Overview: 1114 Valour Road, Winnipeg
Key Characteristics & Appeal
This is a modest, historically grounded starter home built in 1932. Its primary characteristic is its affordability, with an assessed value significantly below averages for its street, neighborhood (Sargent Park), and Winnipeg as a whole. The living space (576 sqft) and lot size (2,199 sqft) are compact, ranking well below typical comparisons.
The appeal lies squarely in value and potential. It represents a rare entry point into the market with one of the lowest assessed values in the immediate area. This creates an opportunity for a first-time buyer to build equity, for an investor seeking a rental property with a lower entry cost, or for a downsizer seeking minimal upkeep. The lot, while smaller than average, still offers outdoor space in a central location. A thoughtful perspective is that a home of this size and value encourages efficient, intentional living without the burden of a large mortgage or excessive maintenance, freeing up resources for other life priorities.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is based on factors including the home's smaller size, age, and specific characteristics. This indicates it is a more modest property compared to others on the street, which is reflected directly in its valuation and price point.
2. Is the house in need of major repairs due to its age?
Built in 1932, the home is around the average age for its street. As with any older home, a thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation.
3. What can I realistically do with a smaller lot?
While not suited for extensive additions, the lot provides space for a private yard, garden, or patio. Its manageable size means lower maintenance costs and less time spent on upkeep.
4. Who would this property not suit?
It would likely not meet the needs of buyers requiring multiple bedrooms, significant living space, or who wish to avoid any renovation projects common to homes of this era.
5. Are the property taxes lower because of the assessment?
Generally, yes. A lower assessed value typically results in a lower municipal property tax bill, which is an ongoing financial benefit for the owner.