Property Overview: 1869 Plessis Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1869 Plessis Road in the Meadows neighbourhood is a compact, efficiently sized property built in 1986. With 691 square feet of living space on a 3,707 sqft lot, it is notably smaller than most homes in its immediate area and across Winnipeg. Its assessed value is modest, sitting below average for its street and neighbourhood but closer to the city-wide median.
The primary appeal lies in its affordability and low ongoing tax burden, underscored by its well-below-average assessed value. It represents a practical entry point into homeownership, particularly for first-time buyers, downsizers, or investors seeking a straightforward rental property. The 1986 build date is relatively newer compared to many homes on its street, suggesting potentially fewer immediate concerns with aging infrastructure than older counterparts.
A thoughtful perspective for buyers is to view its smaller scale as a feature, not a flaw. It offers a manageable footprint with lower utility and maintenance costs, appealing to a minimalist lifestyle or as a strategic hold in a city where affordable housing is in constant demand. It suits a buyer whose priority is financial efficiency and a solid foundation over spaciousness.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The assessed value is based on the property's specific characteristics—its smaller size, lot dimensions, and location—relative to similar properties. While it is below average for its street and neighbourhood, it is closer to the median city-wide, indicating it aligns more with Winnipeg's broader range of affordable housing stock.
2. How does the 1986 build year affect the property?
Built 40 years ago, this home is newer than many on Plessis Road. This can be an advantage, as major components like wiring, plumbing, and windows may have a more modern standard than in much older homes, though a thorough inspection is still essential.
3. What does the "below average" living area ranking mean for daily life?
With 691 sqft, the living space is compact. It will suit individuals, couples, or those comfortable with efficient, open-concept living. It necessitates thoughtful organization and may not accommodate large families or those needing dedicated home office or hobby rooms comfortably.
4. Is the smaller lot size a significant drawback?
The lot is smaller than most in the area, which means less outdoor maintenance and yard work. It may limit expansive gardening or large outdoor entertaining spaces but could be ideal for those who prefer a low-maintenance exterior.
5. The home sold between $250k-$300k in 2021. How should I interpret that today?
That sale price provides a historical benchmark. Current market value will depend on present conditions, any updates made since 2021, and direct comparables. It highlights the property's established position in an affordable price tier, but a current appraisal or comparative market analysis is needed for today's value.