314-1671 Plessis Road

Property Overview: 314-1671 Plessis Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 866 sqft property in the Meadows neighbourhood is a study in contrasts defined by its immediate location. Built in 1987, its key appeal lies in its standout value within its specific building or complex on Plessis Road. The data shows its assessed value ($16,300) ranks in the elite top 2% compared to its immediate neighbours, suggesting it may offer more favourable property taxes or perceived value within that specific context. The living space is above average for the street but modest when viewed across the wider city.

Its appeal is grounded in practicality. It suits a first-time buyer or an investor seeking an entry point into the Winnipeg market with a lower-than-average city assessment, potentially translating to lower carrying costs. It would also fit someone prioritizing functional space in a specific, well-established local area over a premium city-wide location. A less obvious perspective is that a home ranking so highly in value on its own street can indicate a well-maintained unit in a possibly older complex, offering relative affordability without compromising on the immediate community feel.

Section 2: Frequently Asked Questions

1. What does the "Elite" assessed value ranking on the street actually mean?
It means this unit's city assessment is among the very highest on Plessis Road. This could be due to factors like a desirable unit placement, recent updates, or a larger floor plan compared to others in the same complex, though it remains below the city average.

2. How can the assessed value be so low compared to the city average?
The assessed value is significantly below the Winnipeg average ($25,600), which is common for condominiums or properties in older complexes. This typically results in lower municipal property taxes, a key ongoing cost saving.

3. The home last sold between $150k-$200k in 2022. What does that price range indicate?
The broad range is based on public data. To understand the exact sale price and true market trajectory, you must request the precise figure via the provided service. The range confirms it as an affordable segment of the market.

4. Who are the typical neighbours or buyers in this area?
Based on the comparable nearby listings, the Meadows area attracts buyers seeking practical, no-frills homes from the 1970s and 80s. It's likely a mix of long-term residents, first-time homeowners, and investors.

5. What are the main trade-offs with this property?
You are trading space and potentially some amenities (as suggested by the modest square footage and age) for affordability and lower property taxes. It offers strong value on its street but is an average offering in the broader neighbourhood and city context.