305 Devon Avenue

Property Overview: 305 Devon Avenue, Winnipeg

Key Characteristics & Appeal

This 2020-built home in Rossmere-A offers a distinctly modern living space within an established neighborhood. Its primary appeal lies in its new construction, which is a rarity in an area predominantly developed in the mid-20th century. With 1,033 sqft of living space, it sits comfortably within the average range for its immediate street and neighborhood, though it is notably more compact than the Winnipeg city average.

The property presents a compelling value proposition. Its assessed value of $359k is well above the averages for Devon Avenue and Rossmere-A, suggesting a premium for its new condition, but aligns closely with the city-wide average. This indicates you are paying for a turn-key, modern home without a significant city-wide price premium. A key trade-off is the land area; at 2,498 sqft, the lot is significantly smaller than most in the area. This translates to lower exterior maintenance but less private outdoor space.

This home would best suit buyers who prioritize modern building standards, energy efficiency, and minimal immediate repair needs over larger lot sizes. It’s ideal for first-time homeowners, downsizers, or investors seeking a newer property with strong appeal in a stable neighborhood. The smaller yard is a practical fit for those with a busy lifestyle.

Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The assessed value is above the street average, which reflects its status as one of the newest homes in the area. You are paying a premium for its modern construction and condition compared to older, potentially larger homes on larger lots.

2. What does the "Elite" ranking for year built mean?
It means this home is among the newest 1-3% of comparable properties in Rossmere-A, on its street, and across Winnipeg. In a neighborhood where most homes were built in the 1950s and 60s, a 2020 build is exceptionally rare.

3. How does the smaller lot size impact the property?
The lot is less than half the size of the typical lot on Devon Avenue. This means a smaller yard for gardening or recreation and potentially less privacy from neighbors, but it also requires less time and money for landscaping and upkeep.

4. The last sold price shows a range of $300k-$350k. Why is the assessed value now $359k?
The assessed value is the city's estimate for taxation purposes and can differ from market sale prices. The increase from the 2021 sale price likely reflects market appreciation and the city's valuation model. For precise historical sale figures, you must request a manual lookup from the site.

5. Who would this property not be ideal for?
It may not suit buyers looking for extensive outdoor space, privacy from neighbors, or a home with expansion potential. Those preferring a larger interior square footage or a more traditional character found in older homes might also find it less appealing.