Property Overview: 1875 Plessis Road, Winnipeg
Key Characteristics & Appeal
This 680 sqft home, built in 1986, presents a straightforward, entry-level opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its affordability and efficiency, as reflected in its below-average assessed value compared to most immediate peers. The home is notably compact, with a living area significantly smaller than typical homes on its street, in the area, and across the city. The lot size is also modest, especially compared to other properties on Plessis Road.
A less obvious perspective is its relative modernity. While 40 years old, it is newer than many comparable homes on its street and city-wide, potentially suggesting updates or systems younger than the neighbourhood average. This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance lifestyle without a large upfront investment. It is not a fit for those requiring ample indoor or outdoor space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The city-wide average for "comparable homes" in the data appears to be skewed by a very high average value (around $390k) that does not match the local market for this property type. The more relevant benchmarks are the local street and area averages (around $38k-$41k), against which this home is assessed slightly lower, aligning with its smaller size.
2. How does the small lot size impact the property?
With a land area of 3,689 sqft, the lot is manageable with minimal yard maintenance. However, it offers limited private outdoor space and is substantially smaller than many neighbouring properties, which is a key factor in its below-average ranking for land area on the street.
3. What does the sold price history indicate?
The home sold once in the recorded data, between 2017 and 2025, for an estimated $200k-$250k. This historical price provides a market reference point, but a current assessment and market evaluation are necessary to determine its present value.
4. Is the smaller living area a concern?
At 680 sqft, the home is efficient but compact. It ranks in the bottom tier for size compared to nearby homes. This makes it ideal for a single occupant or couple comfortable with a smaller footprint, but it may feel cramped for a family or those who work from home without a dedicated space.
5. How does its age (1986) compare to the neighbourhood?
Built in 1986, this home is actually newer than many on Plessis Road, where the average build year is 1974. This relative modernity could be an advantage, possibly indicating fewer immediate major repairs compared to older homes in the immediate vicinity.