Property Overview
This 1,039 sqft bungalow at 1081 Devonshire Drive W in the Meadows neighbourhood presents a practical and competitively positioned home. Built in 1992, it offers modern-enough infrastructure while being part of a well-established community. The home’s standout characteristic is its strong value proposition within its immediate area. Its assessed value ranks in the top 14% on its own street, suggesting it is viewed as a higher-quality asset compared to its closest neighbours. The living space is efficient and slightly above average for the street, making it a sensible choice for those seeking a manageable layout without excessive upkeep.
The appeal lies in its relative modernity and solid positioning on a street of similar homes. It suits first-time buyers looking for a move-in-ready starter home, downsizers seeking a single-level living space without the premium of a brand-new build, or value-focused investors attracted by its apparent strong assessment relative to nearby properties. A less obvious perspective is that, while the lot size is smaller than the broader city and area averages, it is quite typical for the street, which can translate to lower maintenance—a hidden benefit for those prioritizing indoor living space over yard work.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is notably above the street average, ranking in the top 14% of 181 comparable homes on Devonshire Drive W. This indicates it is likely assessed as having higher quality or more features than many of its immediate neighbours.
2. Is the living space considered large or small?
At 1,039 sqft, the living area is slightly above the average for its own street but below the average for the wider Meadows area. It represents an efficient, mid-sized bungalow layout.
3. What does the sold price history indicate?
The property sold between $400,000 and $450,000 in 2023. That sale price ranked in the top 7% on its street at the time, reinforcing its history of commanding a value premium in its micro-location.
4. How does the lot size impact the property?
The 3,616 sqft lot is smaller than most in the Meadows area and the city overall. However, it is very close to the average for Devonshire Drive W itself, meaning the neighbourhood character is defined by similarly sized lots, which often fosters a closer-knit street feel.
5. Why is the year built a notable feature?
Built in 1992, the home is newer than most in Winnipeg and significantly newer than the average in its immediate area and street. This suggests potentially fewer issues with outdated major systems compared to much of the city's housing stock, while still being part of an established neighbourhood.