As long as the valences are finite, the boundary is still compact, even if the valences aren't bounded. Proof: For each natural number $n$, let $D_n$ be the set of vertices at distance $n$ from the root $v$. Because all the valences are finite, each of these sets $D_n$ is finite. So each $D_n$, when equipped with the discrete topology, is a compact space. Therefore so is the product $\prod_nD_n$. The boundary of your tree is a closed subset of this product, so it's also compact.