Property Overview: 188 Devonshire Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1984, presents a practical and affordable entry point into Winnipeg’s Meadows neighbourhood. Its core appeal lies in its efficient scale and notable lot size. With a living area below the neighbourhood average, the home is best suited for first-time buyers, downsizers, or investors seeking a manageable property with lower maintenance demands.
The standout feature is the 3,780 sqft lot, which is larger than most on Devonshire Drive itself. This offers valuable outdoor space and potential for gardening, expansion, or simply more privacy than nearby properties—a less obvious advantage in this area. The assessed value is modest relative to the broader city, suggesting a lower property tax burden, which adds to its financial accessibility.
While the home’s size is compact, its value positioning is solid: it sits around the average for its immediate street and city-wide for assessed value, indicating it’s priced in line with fundamentals. It would suit a buyer prioritizing lot size over interior square footage, who is comfortable with a home that may require updates given its age, and who values a straightforward, cost-effective housing solution.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 820 sqft, the living area is below the average for both the Meadows area and Winnipeg overall. However, on its own street, it ranks around the average, meaning it’s typical for Devonshire Drive itself.
2. What is the significance of the lot size?
The 3,780 sqft lot is a key feature. It’s above average for the street, offering more yard space than many direct neighbours, which is a relative advantage for outdoor use or future projects.
3. Is the assessed value typical for Winnipeg?
Yes. The $32,100 assessment is around the city-wide average for comparable homes. It is below the average for the Meadows neighbourhood, which may indicate a slightly lower property tax obligation compared to other homes in the immediate area.
4. What can past sale data tell me?
The home sold between $250,000 and $300,000 in 2021. This past price range placed it in the middle tiers (63rd-75th percentile) compared to sales on its street, in the area, and city-wide at that time.
5. Who might this property not suit?
Buyers needing significant move-in-ready space or a large interior for a growing family may find the below-average living area limiting. It’s better matched to those with simpler space requirements.