Property Overview

This home at 1101 Devonshire Drive W in the Meadows neighbourhood presents a practical and straightforward ownership opportunity. Built in 1993, it is a newer construction compared to many homes in Winnipeg, which often means fewer concerns with aging major systems. With 1,036 square feet of living space, it offers a manageable size for everyday living and upkeep. The lot, at 3,616 square feet, is typical for its immediate street but is more compact compared to many properties in the broader Meadows area and across the city.

The appeal here lies in its relative modernity and its position as a solid, average home within its local context. Its assessed value is notably modest, especially when viewed against city-wide averages, suggesting a potentially accessible entry point into the market. This isn't a sprawling estate, but a home that prioritizes efficiency and newer construction over sheer size.

This property would suit first-time buyers seeking a home that doesn’t require immediate major updates, or downsizers looking for a low-maintenance, single-level living option (assuming the layout is bungalow-style, which is common for the era and area). It’s for a buyer whose priority is a comfortable, newer home in a stable neighbourhood, rather than a large lot or premium finishes.

Frequently Asked Questions

1. How does this home's value compare to its neighbours?
The home's assessed value is very close to the average for Devonshire Drive West, placing it in the middle of the pack on its own street. However, it sits below the average assessed value for the larger Meadows neighbourhood, indicating it may be a more budget-friendly option within the area.

2. Is the lot size a disadvantage?
While the lot is smaller than many in the Meadows, it is actually slightly larger than the average lot on Devonshire Drive West itself. This means outdoor maintenance is relatively contained, which could be a positive for those not wanting extensive yard work.

3. What does the "above average" year built ranking mean?
Built in 1993, this home is newer than approximately 85% of the homes on its street, 76% in Meadows, and 79% city-wide. This is a significant advantage, typically implying more modern construction standards, wiring, plumbing, and insulation compared to much of Winnipeg's older housing stock.

4. The last sale was between $250k-$300k in 2018. What is it worth today?
The provided sold price is a historical range from 2018. Current market value is determined by recent sales of similar homes, current condition, and market trends. The assessed value of $34,200 is for tax purposes and is not an indicator of market price. A professional appraisal or comparative market analysis is needed for today's value.

5. Who would this home not be suitable for?
Buyers needing significant space, either indoors or outdoors, may find it limiting. The living area is below the neighbourhood average, and the lot is in the bottom quarter of Meadows for size. It would also not suit someone seeking a character home or a major renovation project, given its newer build date.