Property Overview
This 1991-built home at 1951 Plessis Road in Winnipeg's Meadows neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in a balanced profile that prioritizes land and modern construction over interior size.
The 937 sqft living area is modest, ranking below average for both the neighbourhood and the wider city, suggesting a compact, efficient layout. However, this is offset by a larger-than-average lot of 7,327 sqft, placing it in the top 14% citywide. This creates significant potential for outdoor space, gardening, or future expansion. The 1991 build date means it is notably newer than many area homes, potentially reducing immediate concerns over aging major components. The assessed value is consistently around the median across all comparison levels, indicating a fairly priced entry point into the market.
This property would suit first-time buyers or practical downsizers seeking a manageable home with a generous yard, without the maintenance demands of an older house. It’s a grounded choice for those who value outdoor space and newer construction over square footage.
Frequently Asked Questions
1. Is the living area too small?
At 937 sqft, the home is compact. It's best suited for individuals, couples, or small families comfortable with efficient living. The trade-off is the larger lot, which offers room to potentially add on or create valuable outdoor living space.
2. What does the assessed value tell us about the price?
The assessed value ($36,400) is consistently around the middle range when compared to the street, Meadows area, and city. This suggests the property is not unusually over- or under-valued based on official metrics, providing a stable baseline for market pricing.
3. How does the lot size compare?
The 7,327 sqft lot is a standout feature. It ranks in the top 9% within the Meadows area, meaning you're getting significantly more land than most nearby properties, which is a valuable and less common asset.
4. What are the implications of the 1991 build year?
Built 35 years ago, this home is newer than roughly 78% of homes citywide. This typically suggests updates to building materials, electrical, and plumbing standards compared to much older stock, though a thorough inspection is still essential.
5. Where can I get exact historical sale prices?
The listed sale price ranges are based on public data. The exact sold price history is available by emailing a request through the site, which provides a manual, gimmick-free service to obtain accurate figures.