Property Overview: 1359 Plessis Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition rooted in its context within the sought-after Victoria West neighborhood. Its key appeal lies in the significant disparity between its lot size and its assessed value. While the 1,226 sqft living area is modern and functional, the true standout feature is the 7,255 sqft lot, which ranks in the top 1% within Victoria West. This offers exceptional outdoor space potential that is rare for the area.
The property suits two main types of buyers. First, it’s ideal for value-conscious buyers seeking entry into a prime neighborhood, as the assessed value is notably below the street average. Second, it perfectly matches buyers prioritizing future potential over immediate luxury—those who see the generous lot as a long-term asset for expansion, gardening, or outdoor living, viewing the older 1952 build date not as a drawback but as a canvas for renovation and personalization.
Section 2: Frequently Asked Questions
1. Is the home smaller than others on the street?
Yes, the living area is slightly above the neighborhood average but close to the average for Plessis Road itself. The trade-off is the much larger lot size compared to nearby homes.
2. Why is the assessed value lower than the street average?
The lower assessment is likely influenced by the home's older construction date (1952) and its more modest living area relative to some neighbors. This can represent an opportunity for buyers, as property taxes are based on this assessment.
3. What does the lot size ranking actually mean for me?
Ranking in the top 1% in Victoria West for lot size means you are getting a parcel of land significantly larger than most in the community. This provides more privacy, space for additions like a garage or workshop, and larger yard areas than is typical.
4. As an older home, what should I consider?
Built in 1952, the home may require updates to mechanical systems like plumbing or electrical. However, homes of this era often feature solid construction and character. A thorough inspection is recommended to understand any needed investments.
5. How does this property fit within the wider Winnipeg market?
Citywide, this home offers a larger-than-average lot while being priced below the city average for comparable homes. It positions you in a top-tier neighborhood with metrics that, overall, balance affordability with a standout land asset.