Property Overview: 1881 Plessis Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 895 sqft bungalow, built in 1986, presents a practical and affordable entry point into Winnipeg’s Meadows neighbourhood. Its key appeal lies in its relative modernity compared to many area homes, potentially requiring less immediate upkeep than older properties. With an assessed value significantly below both area and city averages, it offers a low property tax base, which is a distinct, long-term financial advantage.
The home’s living space is compact, ranking below average for the area, suggesting an efficient layout suited to individuals, couples, or small families. The lot size is also modest, minimizing exterior maintenance—a benefit for those seeking a low-maintenance lifestyle or who prefer to spend less time on yard work.
This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a cost-effective foothold in the market. Its value proposition is clear: a newer-than-average home with responsible property taxes, ideal for buyers who prioritize financial efficiency and manageable upkeep over expansive square footage.
Section 2: Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $350k-$400k in 2022, which is substantially higher than its current assessed value of approximately $32k. This is typical, as assessed value for tax purposes is not a market valuation. The prior sale price is a better indicator of its recent market value.
2. Is the smaller living area a concern?
At 895 sqft, the home is cozier than the area average. This is ideal for minimizing utility costs and upkeep, but buyers should ensure the layout meets their spatial needs. It emphasizes efficient use of space over abundance.
3. What does the "newer" year built actually mean for a 1986 home?
While 40 years old, it ranks in the top 30% for age on its street, meaning it’s one of the newer homes in that immediate area. This can suggest more modern construction materials and systems compared to neighbouring houses, though a thorough inspection is still essential.
4. Why is the lot size so much smaller than others on the same street?
The data shows the average lot on Plessis Road is over 37,000 sqft, making this property’s 3,719 sqft lot an outlier. This indicates the street likely has a mix of very large rural-style lots and smaller, standard residential plots. This property sits on the latter.
5. Who should request the exact sold price history?
If you are conducting a detailed comparative market analysis or need precise data for a formal offer, requesting the exact sold price via email is recommended. For general browsing, the provided price range is a reliable indicator of its recent market value.