Property Overview: 1262 Plessis Road, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and practical living. Its standout feature is its age: built in 2019, it is among the newest homes in its immediate area and city-wide, ranking in the top 1-4%. This translates to contemporary building standards, modern systems, and minimal immediate maintenance concerns. With 1,064 sqft of living space, it offers a comfortably sized interior that is very close to the average for its neighbourhood.
The appeal lies in this balance. Buyers gain a like-new home without the premium often attached to newly built properties, as reflected in its assessed value which sits below the area average. The trade-off is a smaller lot size (2,699 sqft), which is significantly more compact than most in the vicinity. This positions the property not as a sprawling estate, but as a efficient, low-maintenance property.
This home would ideally suit first-time buyers or downsizers seeking a modern, move-in-ready property without a hefty price tag. It’s also a practical choice for investors or busy professionals who prioritize a newer interior over extensive outdoor space. The smaller yard is a drawback for those wanting extensive gardening or privacy, but a benefit for anyone looking to minimize upkeep.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is for municipal tax purposes and is often lower than market value. This home’s assessed value is below the Mission Gardens average, but its modern build year is a significant marketable feature that typically commands a premium.
2. What are the implications of the smaller lot size?
The lot is in the bottom 5-7% for size locally. This means minimal yard maintenance and lower exterior costs, but also limited private outdoor space and potential proximity to neighbouring homes. It’s a efficient use of space rather than a private retreat.
3. Since it's newer, are property taxes higher?
Not necessarily. While newer homes can have higher assessments, this property’s assessed value is currently below the neighbourhood average, which may help moderate the tax burden relative to its modern condition.
4. What does the 2020 sale price range indicate?
It sold for an estimated $250k-$300k five years ago. This provides a historical benchmark, but current market value will be influenced by factors like recent upgrades, market trends, and the home’s well-maintained, near-new condition.
5. Is the living space adequate for a small family?
At just over 1,000 sqft, the living area is average for the area. It is generally suitable for a small family, couple, or individual. The efficient, modern layout will be a key factor in how livable the space feels.