Property Overview: 874 Valour Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home, built in 1914, presents a classic character property with a practical layout. Its key appeal lies in offering above-average interior space (1,168 sq ft) for its immediate Valour Road area and the broader Minto neighbourhood, ranking in the top 18% and 35% respectively for living area. This makes it a notably spacious option compared to many nearby homes. The assessed value is also strong for its local context, ranking in the top 27% for both the street and the area.

The property suits buyers seeking character in a well-established neighbourhood without sacrificing interior room. It’s ideal for someone who values a home with history and appreciates that its space efficiency outperforms many neighbours, even on a smaller, more manageable lot (2,199 sq ft). A thoughtful perspective is that the smaller lot means less exterior maintenance, which can be a benefit for busy professionals or downsizers. The recent sale in the 2023-2025 period suggests it has been updated for modern living, likely blending original charm with contemporary functionality. This home would fit a first-time buyer looking for a move-in-ready character home, or an investor attracted by its strong relative value within the local market.

Section 2: Frequently Asked Questions

1. How does the home’s age affect its value and upkeep?
Built in 1914, the home is older than most on its street and in the city. This often means character details but can also imply a need for diligent maintenance. Its above-average assessed value for the area suggests updates have been made, but a thorough inspection is always recommended for systems like wiring and plumbing.

2. The lot size seems small. Is that a major drawback?
The land area is compact, ranking in the bottom 16% on Valour Road. This limits expansive gardening or large additions but translates to very low yard maintenance. It’s a trade-off that prioritizes the interior living space, which is notably larger than area averages.

3. What does the sold price history indicate?
The home sold for an estimated $350k-$400k around 2023. This placed it in the top 7% of sales on Valour Road and top 4% in Minto at that time, indicating it was a premium-priced property within its immediate locale, likely due to its size, updates, and condition.

4. Is the assessed value a reliable indicator of the market price?
The assessed value for tax purposes is $27,500, which is not a market price. Its high ranking locally indicates the city assesses it as a higher-value home for this specific area, but market price is determined by current buyer demand, condition, and recent comparable sales.

5. How does this home compare to an average Winnipeg property?
City-wide, this home is older and on a much smaller lot than average. However, its interior space is very close to the city-wide average, and it offers this in a more established, central neighbourhood. It represents a different value proposition: character and location over a large, modern lot.