Property Overview: 1141 Devonshire Drive W, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,074 sqft bungalow, built in 1992, presents a compelling opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its standout lot size and relative value within its immediate area. With a land area of 4,773 sqft, the property is in the top 3% on its street, offering significantly more outdoor space than neighbouring lots, which average 3,440 sqft. This creates notable potential for gardening, expansion, or simply more private yard space.

While the living area is modest compared to the city-wide average, it is above average for Devonshire Drive itself. The home’s assessed value of $38,400 is positioned as an elite value on its street (top 4%), suggesting it may represent a more accessible entry point into the area compared to area-wide averages. This combination points to a property that is a strong performer on its own block, offering a generous parcel of land with a manageable, efficiently designed home.

This home would suit first-time buyers or downsizers seeking a solid foothold in a stable neighbourhood without a premium lot premium, where the land itself is a key asset. It’s also a practical fit for those who prioritize outdoor space over extensive interior square footage and are looking for a home from the early 90s, likely balancing modern fundamentals with simpler upgrade potential.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely market price?
The assessed value ($38,400) is for municipal tax purposes and is typically much lower than market value. The last recorded sale was between $300k-$350k in 2019. Market price is determined by current conditions, recent comparable sales, and the property's specific features.

2. Is the lot size unusual for this street?
Yes. The lot is 4,773 sqft, ranking it 6th largest out of 181 properties on Devonshire Drive W. It is over 1,300 sqft larger than the street average, which is a significant and desirable advantage.

3. What does the "above average" year built ranking mean?
Built in 1992, the home is newer than most on its street and in its wider area. This suggests it may have construction standards and systems (like wiring, plumbing, insulation) that are more contemporary than many neighbouring homes.

4. How does the living area compare to a typical Winnipeg home?
At 1,074 sqft, the interior is moderately sized. It's larger than the average home on its own street (~970 sqft) but smaller than the averages for both the Meadows area (~1,286 sqft) and the entire city (~1,342 sqft). This indicates a efficient, likely bungalow-style layout.

5. Where can I see more detailed context for this property?
A neighbourhood analysis page is available, showing this home on a map alongside nearby houses for direct comparison of year built, living area, assessed value, and lot size. This helps visualize its standing in the immediate community.