Property Overview

745 Valour Road is a 100-year-old home in Winnipeg's Minto neighbourhood, built in 1926. With 804 square feet of living space on a 3,091 square foot lot, it presents a compact and manageable footprint. Its most recent recorded sale was between $250,000 and $300,000 in 2021, and it currently holds a municipal assessed value of $22,100.

Key Characteristics & Appeal

This home’s primary appeal lies in its practicality and position as an entry-point property. Its living space is modest but functional for a small household, and its lot size is fairly typical for its immediate area. The data suggests it is a home that doesn’t stand out in its local context—its size, age, and value are consistently around or below the averages for Valour Road and the Minto area. This translates to a potentially lower price point within a central Winnipeg neighbourhood.

It would suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills property. The buyer should be comfortable with a home of this vintage, understanding that character comes with the responsibility of ongoing maintenance. A thoughtful perspective is that its "average" metrics locally could be a stability indicator—it’s not an outlier, which may simplify valuation and insurance processes. Its compact size also offers lower utility costs and less space to maintain, which can be a significant, often overlooked, long-term benefit.

Frequently Asked Questions

1. Why is the assessed value so much lower than the last sale price?
Municipal assessed value in Manitoba is primarily for taxation purposes and is not intended to reflect current market value. The sale price is determined by what a buyer is willing to pay on the open market, while the assessment is based on a mass appraisal system and lags behind market trends.

2. What should I consider with a 100-year-old home?
While built with durable materials, key systems like plumbing, electrical, and the foundation will likely need updating or careful inspection. The potential for charming original details exists, but so does the need for more frequent maintenance compared to a newer build.

3. How does the living space compare to a typical home?
At 804 sq ft, it is notably compact. It ranks below average for the city overall but is closer to the norm for the Minto area. This suits a minimalist lifestyle or a small household but may feel cramped for those needing home offices or ample storage.

4. Is the lot size a pro or a con?
At just over 3,000 sq ft, the lot is manageable for low-maintenance outdoor space but offers limited room for major expansions or additions. It is a standard size for the neighbourhood, so it aligns with community character.

5. How can I get the exact historical sale price?
The provider offers this data manually via email upon request to maintain accuracy and privacy. You can submit your email on the page to receive the precise figure, typically by the end of the same business day.