Property Summary: 1133 Devonshire Drive W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a well-situated property in the Meadows neighbourhood, built in 1992. Its key appeal lies in its strong relative value and established location. With 1,019 square feet of living space, it offers a practical layout that is slightly above average for its immediate street. The assessed value is notably strong compared to direct neighbours, ranking in the top 22% on Devonshire Drive W, suggesting it may offer good value within its micro-area. The lot size of 3,616 sq ft is manageable, typical for the street but smaller than many lots in the wider Meadows area and city, which translates to less yard maintenance.
The property would suit first-time buyers or downsizers looking for a comfortable, low-maintenance home in a mature community. Its above-average assessed value for the street and newer build year compared to the city median indicate a home that has likely been well-maintained. A thoughtful perspective is that while the lot is smaller in broader comparisons, this often fosters a closer-knit street atmosphere and reduces weekend chores, which can be a hidden benefit for many lifestyles.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value ranks in the top 22% on its own street, meaning it is valued higher than most comparable homes directly around it. This often indicates updates, a favourable position, or a premium layout relative to immediate neighbours.
2. Is the living space smaller than average?
It depends on the comparison. The living area is slightly above the average for homes on Devonshire Drive W. However, it is below the average for the larger Meadows area and the city as a whole, aligning more with a compact, efficient home design.
3. What does the sold price history tell us?
The home sold between $250,000 and $300,000 in 2017. This sale price ranked in the top 69-83% of comparable sales at the time for the area and city, suggesting it has historically commanded a solid price relative to the market.
4. How does the lot size impact this property?
The lot is very typical for its street but is below average for the Meadows neighbourhood. This means outdoor space is more limited compared to many area homes, but it also typically results in lower maintenance and potentially lower property taxes related to land value.
5. The home was built in 1992. What does that mean for a buyer?
Built 34 years ago, this home is newer than over 75% of homes in Winnipeg. This generally suggests more modern construction standards, wiring, and plumbing than the city’s older housing stock, potentially reducing immediate concerns about major aging infrastructure.