Property Overview: 1877 Plessis Road, Winnipeg
Key Characteristics & Appeal
This 1986-built bungalow in the Meadows neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. With 895 square feet of living space, it is a compact home, notably smaller than average for both the area and the city, which suggests efficient, low-maintenance living. Its assessed value is modest, positioning it well below the Meadows average and the dramatic city-wide average, indicating a relatively low property tax burden.
The home’s primary appeal lies in its value proposition and position as a newer build on its street. Built in 1986, it is significantly newer than most immediate neighbours, potentially meaning fewer concerns with aging major systems compared to older homes in the area. The lot, while smaller than typical, is manageable. This property suits first-time buyers seeking an affordable foothold, investors looking for a rental property with lower carrying costs, or downsizers wanting a simple, single-level layout without the upkeep of a larger house. A thoughtful perspective is that its "below average" size and value metrics could be an advantage, offering a chance to build equity through thoughtful updates without over-improving for the immediate area.
Frequently Asked Questions
1. Is this a good value compared to recent sales?
Based on available data, the home sold for an estimated $300k-$350k in 2022. That price was around the middle of the pack compared to city-wide sales at the time, but was a strong value within the Meadows neighbourhood itself, ranking in the top 59% for the area.
2. How does the age of the home affect its condition?
At 40 years old, major components like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespan. An inspection is crucial. However, being newer than most on its street (ranking in the top 29%) is a relative advantage.
3. What are the implications of the smaller lot size?
The 3,749 sqft lot is below average, meaning smaller outdoor spaces for gardening or recreation. The upside is less yard work and lower maintenance. It’s important to verify any setback requirements if future expansion, like an addition or large shed, is being considered.
4. Why is the city-wide average assessed value so much higher?
The displayed city-wide average of $390k includes all property types, from condos to luxury estates. The more relevant comparison is the "Same area" average of about $40.9k for the Meadows, against which this home is assessed lower, suggesting a below-average tax assessment for the neighbourhood.
5. How can I get the exact historical sale prices?
The exact sold prices are not publicly displayed online. You can request them by email through the listing service. They manually provide the accurate figures, typically by the end of the same day, without using your email for unsolicited marketing.