Property Overview: 1234 Devonshire Drive W, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a solid, value-oriented opportunity in the Meadows neighborhood. Built in 1990, its key appeal lies in its strong positioning within its immediate area. The 1,040 sqft living space is notably above average for Devonshire Drive W, offering more room than most direct neighbors. This is complemented by a lot size of 4,171 sqft, which ranks in the top 8% on the street, providing generous outdoor space for a home of this vintage.

The assessed value of $37,900 is well above the street average, suggesting the property holds inherent value or has features that set it apart locally. This creates an interesting dynamic: you get a home that stands out positively on its own block in terms of size and perceived value, while being competitively positioned within the broader city market.

This property would suit practical buyers looking for a established home in a mature neighborhood. It’s ideal for first-time homeowners or downsizers who prioritize lot size and living space over a brand-new build. The data suggests a buyer who values a "best house on the block" scenario on a pleasant street, rather than seeking the largest home in the wider area.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home sold for an estimated $300k-$350k in 2020. The current assessed value is $37,900. It's important to understand that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes and are typically a fraction of a home's potential market price.

2. Is the living space adequate for a growing family?
At 1,040 sqft, the living area is above average for the street but slightly below the neighborhood and city averages. It would suit a small family or couple comfortably, but those needing extensive space may find it compact.

3. What does the lot size mean for me?
The 4,171 sqft lot is a significant asset on this street, offering ample yard space for gardening, play, or entertaining. This is a less obvious advantage in a neighborhood where lots can be smaller, providing a sense of privacy and room to expand.

4. How does the year built affect maintenance?
Built in 1990, the home is 36 years old. Buyers should budget for updates common to homes of this age, such as roofing, windows, or major appliances. However, it is newer than the city-wide average, potentially meaning fewer immediate concerns than with much older properties.

5. Why is the assessed value ranking so high on the street?
Ranking in the top 6% for assessed value on Devonshire Drive W indicates that, for tax purposes, this property is valued higher than most neighbors. This could be due to its larger living area and lot size, or specific improvements. It's a sign of relative standing on the block, but does not directly predict future market sale price.