Property Overview: 1859 Plessis Road, Meadows, Winnipeg

Section 1: Key Characteristics & Appeal

This 1986-built home 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 bungalow, notably smaller than both area and city averages, which suggests efficient, low-maintenance living. The assessed value is modest at $34,100, positioning it well below the city's average home assessment, indicating a lower property tax burden.

Its primary appeal lies in its value proposition and location. For its price point, it offers a newer build date compared to many homes on its street and across Winnipeg, potentially meaning fewer immediate major repairs. The lot, while smaller than average, provides a manageable yard. This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, budget-conscious purchase. It’s a home for those prioritizing financial accessibility and simplicity over size, recognizing it as a comfortable starting point or a prudent investment rather than a forever family home.

A less obvious perspective is its statistical positioning: while its size is below average for the city, its assessed value is around the city-wide average. This could imply the value is tied more to the land and location than the structure itself, which may be of interest to those viewing it as a long-term land hold or future redevelopment opportunity.

Section 2: Frequently Asked Questions

1. Is the $34,100 assessment the purchase price?
No, the assessed value is for municipal tax purposes only. The market price is determined by recent sales, like the 2023 sale in the $250,000–$300,000 range. Always list or offer based on current market conditions, not the tax assessment.

2. How does the smaller living area impact daily life?
The 895 sqft layout requires thoughtful space management. It’s well-suited for individuals, couples, or small families comfortable with cozy, efficient spaces. It likely means lower utility costs and less upkeep.

3. What does the "newer" 1986 build date mean for maintenance?
While newer than many Winnipeg homes, a 40-year-old property will still have age-related considerations. Key components like the roof, windows, and major systems may be nearing or past their typical lifespans and should be inspected.

4. The lot seems small. What are the implications?
At 3,731 sqft, the yard is manageable with less gardening or snow clearing but offers limited private outdoor space and expansion potential. It aligns with a low-maintenance lifestyle.

5. How does this home’s value compare to others?
Its last sold price ranked in the top 61-78% of its local area, meaning it sold for more than many comparable homes at the time. This suggests the market recognizes value in its specific combination of age, condition, and location within Meadows.