205-1671 Plessis Road

Property Overview: Unit 205 at 1671 Plessis Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a 686 sqft condominium in the Meadows neighbourhood, built in 1987. Its key appeal lies in its position as a financially accessible entry point into the Winnipeg market, with a notably low municipal assessed value. The unit is compact and efficient, suitable for a single occupant or couple.

The data reveals a nuanced picture. While the living space is below the citywide average, it is closer to the average for other homes on Plessis Road itself. Financially, it stands out: its assessed value is significantly below the Winnipeg average, placing it in the top 9% of the city for affordability. This suggests lower property taxes, a key ongoing cost. Interestingly, for its specific street, it is one of the original builds from 1987, giving it a established history in that immediate area.

This property would best suit first-time buyers or investors seeking a low-cost entry with minimal tax overhead. It’s a practical choice for those prioritizing budget and location over space, potentially offering a live-in opportunity while building equity or a straightforward rental investment.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Year Built on its street mean?
This indicates the unit was built in 1987, which is among the very first construction years for homes on this specific stretch of Plessis Road. It doesn't imply luxury, but rather that it's an original unit in that building or complex.

2. The living area is below average. How does that impact livability?
At 686 sqft, the layout will be efficient. It’s workable for a single person or couple but requires thoughtful furniture choices and organization. It’s above the size of a typical one-bedroom apartment but below a standard family-sized condo.

3. The assessed value is much lower than the city average. Is that a red flag?
Not necessarily. A low assessment typically translates to lower property taxes, which is a financial advantage. It reflects the market value as determined by the city assessor for taxation purposes, which for this unit is consistently below broader area averages.

4. The sold price history shows a range. How can I get the exact figure?
The exact sale prices are not publicly listed in Manitoba. As noted, you can request this information directly via email from the listing source, which manually provides the data from their records.

5. How does this unit compare to the other properties suggested for viewing?
The suggested comparable properties (e.g., on Whiteway Road, Sanford Fleming) are standalone houses, not condos. They have more living space and a significantly higher assessed value, leading to higher taxes. They are alternatives in the same neighbourhood but represent a different type of property and budget.