Property Overview

Key Characteristics & Appeal

This is a 1955 home with 1,394 square feet of living space on an exceptionally large 11,134-square-foot lot. The property ranks in the top 5% for living area within the Sargent Park neighbourhood and top 6% on Valour Road, suggesting it is noticeably larger than most nearby homes. Its strongest feature, however, is the land: the lot ranks in the top 1% both on the street and in the area, and top 4% citywide in Winnipeg. The assessed value of $394,000 reflects this premium lot size while remaining relatively modest—top 40% citywide, which means it is not disproportionately overvalued compared to other homes in the city. The home’s age (70 years) is slightly above average for the street but older than most in the broader Sargent Park area, placing it in the bottom third citywide. The appeal here is land value and space, not a turnkey or modern aesthetic. This property would suit buyers who prioritize a large yard, potential for expansion or redevelopment, or a solidly built mid-century home they are willing to update over time. It is less suited for someone seeking a move-in-ready home with contemporary finishes.

Possible FAQs

1. Is the home habitable as-is, or does it need major work?
   The listing does not specify condition. Given the 1955 build and average assessed value relative to the lot, it is likely the structure is functional but dated. A home inspection and walkthrough are necessary to determine if systems (roof, furnace, wiring) have been updated.

2. Why is the living area ranked high, but the lot is ranked even higher?
   The home is larger than most on Valour Road and in Sargent Park, but its lot size is exceptional—top 1% locally and citywide. This suggests the land holds disproportionate value, and the house itself may be modest for the lot.

3. Could the property be subdivided or redeveloped?
   An 11,134-square-foot lot in a mature Winnipeg neighbourhood may allow for subdivision or a secondary dwelling, depending on zoning. Buyers should check with the City of Winnipeg’s planning department, as the listing does not include zoning details.

4. How does the age of the home affect insurance or maintenance?
   Homes built in 1955 may have older wiring (e.g., knob-and-tube), plumbing, or foundation materials that require specialized coverage or upgrades. Expect higher insurance premiums and potential costs for asbestos or lead paint if not already remediated.

5. Is the assessed value accurate, or is the home overpriced?
   The current assessment of $394,000 is in the top 40% citywide, which aligns with the premium lot size but not an exceptionally high valuation. Comparable sales on Valour Road and nearby would confirm whether the price reflects the land or the structure. A realtor can provide a comparative market analysis for context.