Property Overview: 77 Devonshire Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 77 Devonshire Drive in the Meadows neighbourhood presents a specific value proposition centered on its lot and location. Built in 1980, the 830 sqft house is modest in size, ranking below the area and city averages for living space. Its assessed value is notably lower than many area comparables, which is a defining characteristic.
The primary appeal lies in its generous 4,099 sqft lot, which is significantly larger than most on its street. This offers valuable outdoor space and potential in a mature neighbourhood. The property suits practical buyers looking for an entry point into homeownership, where the land is a key asset and the home itself represents a canvas for renovation or expansion over time. It would also appeal to value-conscious investors or those comfortable with a home that may require updates, given its age and below-average assessment for the Meadows area. A less obvious perspective is that its smaller size and lower taxes could be a strategic fit for downsizers seeking to stay in the community without the burden of a large house.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
The assessed value ($33.5k) is for municipal tax purposes and is often based on older market data and specific formulas. The sold price range ($350k-$400k in 2022) reflects the actual market value buyers were willing to pay at that time, which is influenced by current market conditions, the property's lot size, and location.
2. Is the house smaller than others in the area?
Yes. With 830 sqft of living area, this home is smaller than the average home in the Meadows neighbourhood (approx. 1,286 sqft) and on its own street (approx. 970 sqft). This is a key factor to consider for space needs.
3. What is the significance of the large lot size?
The 4,099 sqft lot is a standout feature, ranking in the top 9% on Devonshire Drive. It provides more yard space than neighbours, which could be ideal for gardening, recreation, or future additions like a deck, garage, or even an expansion of the home itself.
4. How old is the property, and what does that mean for a buyer?
The home was built in 1980, making it older than most on its street. Buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems, and consider a thorough inspection.
5. How can I find out the exact price it sold for in 2022?
The listing service provides an estimated sold price range. To obtain the exact sale price, you must request it directly via the provided email form, as this data is manually verified and shared to ensure accuracy.