Property Overview: 1889 Plessis Road, Winnipeg
Key Characteristics & Buyer Profile
This 1986-built home in the Meadows neighbourhood presents a practical, entry-level opportunity. Its key characteristic is balance: with 895 square feet of living space, it sits around the average for Plessis Road itself but is notably compact compared to wider area and city averages. The lot size of 3,731 sqft is modest, suggesting lower maintenance. A thoughtful perspective is that its 1986 construction makes it newer than many homes on its street and across Winnipeg, potentially meaning fewer immediate concerns with aging components compared to much older stock. The appeal lies in its affordability, as indicated by a below-average assessed value for the area, and its manageability for a first-time buyer, downsizer, or investor. It suits a buyer with realistic expectations, seeking a foothold in the market without the burden of a large yard or excessive square footage to maintain. The recent 2017 sale history suggests it has been a stable, turnover-resistant property.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $31,600) is for municipal tax purposes. The market value—what a buyer would pay—is determined by current market conditions and can be significantly different.
2. How does the home's size compare practically?
At 895 sqft, it is functionally smaller than the average area home (approx. 1,286 sqft). This typically means efficient use of space is key, and it may be best suited for individuals, couples, or small families.
3. What does the 2017 sale price range indicate?
The previous sale in the $200k-$250k range provides a historical benchmark. However, with several years of market movement since, a current appraisal or comparative market analysis is essential to understand today's value.
4. Are there advantages to a smaller lot?
Yes. A 3,731 sqft lot requires less time and cost for yard maintenance, landscaping, and snow removal. This can be a significant benefit for those seeking a low-maintenance lifestyle.
5. The home is newer than many on the street. What are the implications?
Being built in 1986, it may have construction materials and systems (like electrical or plumbing) that are more modern than those in homes built decades earlier. However, a 40-year-old home will still require a thorough inspection, as major components like the roof, windows, and furnace may be nearing the end of their service life.