Property Overview
This 1986-built, one-storey home in the Meadows neighbourhood offers a practical, low-maintenance living option. Its key appeal lies in a combination of a renovated basement, an attached garage, and a lot size that is notably larger than many in the immediate area. At 895 sqft, the living space is compact and efficient, suiting buyers looking for affordability and simplicity without sacrificing outdoor space. The home’s assessed value is stable and in line with the area, and its last sale in 2018 was well below the current average for the street, suggesting potential for equity growth.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a solid entry into the Winnipeg market. Its manageable size and single-level layout are ideal for those wanting to avoid stairs, while the larger lot presents a less obvious advantage: room for future expansion, a generous garden, or simply more private outdoor space than newer infill properties typically offer. The renovated basement adds valuable flexible space, making the home feel larger than the main floor square footage implies.
Frequently Asked Questions
1. How does the lot size compare to others?
The 3,731 sqft lot ranks in the top 23% for size on Plessis Road, meaning it is significantly larger than many of its immediate neighbours, which is a notable feature in an established area.
2. What is the condition of the basement renovation?
The listing confirms the basement has been renovated, but specifics on finish quality, permits, and the date of renovation should be verified through a viewing and by asking the seller directly.
3. Is this a good value for the Meadows area?
The home’s assessed value is in the top 28% for the neighbourhood, indicating it is viewed as a solid property relative to others. Its last sold price in 2018 was in the top 8% for value in Meadows at that time, showing a history of strong valuation.
4. Who might this home not suit?
It may not suit buyers needing substantial above-grade living space, as the main floor is under 900 sqft. Families requiring multiple large bedrooms or those wanting a modern, open-concept layout may find it too compact.
5. What are the long-term considerations?
Built 40 years ago, the home will likely require proactive maintenance on major aging components like the roof, windows, and HVAC. However, its larger lot in a mature neighbourhood is a lasting asset that can appreciate independently of the structure itself.