Property Overview & Appeal
This home at 1153 Devonshire Drive W in the Meadows neighbourhood presents a compelling mix of space, value, and location. Built in 1991, its key characteristic is an excellent balance between house and lot size. While the 1,038 sqft living area is practical and slightly above average for its immediate street, the true standout feature is the 4,747 sqft lot, which ranks in the top 4% on Devonshire Drive W. This means you get significantly more outdoor space than most neighbours—a notable advantage for gardening, play, or future expansion.
Its appeal lies in this above-average land ownership within a well-established, mature area. The assessed value is strong for the street, suggesting the property is well-regarded. It would suit first-time buyers or downsizers looking for a manageable home without sacrificing yard space, or value-oriented buyers who see potential in a larger lot compared to newer subdivisions. A thoughtful perspective is that while the home's size is functional, the lot offers a "land bank" of possibilities that is increasingly rare, providing both immediate utility and long-term flexibility.
Frequently Asked Questions
1. How does the lot size compare to newer homes?
While the lot is smaller than the city-wide average, it is substantially larger than most on its own street and in the immediate area. You are getting more private outdoor space than many nearby properties, which is a key differentiator in this neighbourhood.
2. What does the "Elite" ranking for land area mean?
This indicates the property's lot size is in the top 4% among 181 comparable homes on Devonshire Drive W. Essentially, it has one of the largest lots on the block, a significant asset.
3. Is the 1991 build date a concern?
Not inherently. A 1991 home benefits from modern construction standards while being past the stage of major initial defects. It places the home as newer than many in the wider city and on par with its local area, suggesting consistent neighbourhood development.
4. The last sale was between $350k-$400k in 2021. How is the assessed value only $37.9k?
This is a common point of confusion. The $37.9k figure is the assessed value for property tax purposes only, which in Manitoba is a fraction of a home's likely market value. The actual sale price from 2021 is the relevant indicator of its market worth.
5. Who would benefit most from this property?
Buyers who prioritize outdoor space over sheer indoor square footage will find the lot-to-house ratio advantageous. It's also well-suited for those seeking a stable, established neighbourhood without an overly large or high-maintenance home to manage.