Property Overview: 1268 Plessis Road, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home is defined by its position as an accessible entry point into the Winnipeg market. Its key characteristic is a notably low municipal assessed value, ranking in the bottom 10% locally and city-wide, which suggests a correspondingly affordable asking price. The 821 sqft living space is compact, smaller than most comparable homes in the area, and it sits on a modest 2,699 sqft lot. Built in 1920, it is a century-old property, making it significantly older than the neighbourhood average.
The primary appeal lies in its affordability and potential. It represents a low-barrier option for first-time buyers or investors seeking a foothold in the city. The modest size and lot translate to lower maintenance costs and effort, which could suit a minimalist lifestyle or a hands-on investor. A thoughtful perspective is that its age and smaller scale offer a unique opportunity for creative renovation or expansion, unlike many newer, more standardized homes. It would best suit a practical buyer who prioritizes financial accessibility over move-in-ready size and modern finishes, and who sees value in the character and potential of an older home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal evaluation, which for this property is significantly below averages due to its smaller size, older age, and modest lot dimensions compared to broader city norms.
2. What does the "Sold 2021 CA$150k–200k" price range indicate?
This shows the approximate public sale price from 2021. The range is provided because exact sold prices are not always publicly disclosed; the precise figure can be requested directly from the site.
3. As a 100+ year-old home, what should I be prepared for?
Prospective buyers should budget for and anticipate maintenance or updates typical of a century-old structure, such as potential needs in the foundation, plumbing, electrical systems, or insulation. A thorough inspection is highly recommended.
4. The lot size is smaller than average. What are the implications?
The smaller lot means less exterior maintenance and lower property taxes tied to land value. However, it also limits potential for large additions, extensive landscaping, or detached structures like a sizable garage.
5. How useful are the provided rankings (e.g., Top 72%, rank 73 of 101)?
These rankings contextualize the home's specific metrics against its immediate street, neighbourhood, and the entire city. They are a data-driven way to see how its size, value, age, and lot area compare, confirming it is a below-average-sized and valued property in all contexts.