157 Devonshire Drive

Property Overview: 157 Devonshire Drive

Key Characteristics & Appeal

This well-situated one-storey home in Meadows offers solid value and move-in readiness, centered around its renovated basement—a significant upgrade that adds functional living space. Built in 1986, the house sits on a generous 3,499 sqft lot, providing ample outdoor space that ranks above average for the street. With a living area of 1,029 sqft and a detached garage, it presents a practical layout for everyday living.

The primary appeal lies in its recent sale history and strong positional metrics. Selling for $380,000 in August 2024—significantly above its assessed value—it demonstrates strong market demand and suggests the renovations have been recognized financially. Its rankings indicate it’s a competitively sized property within its immediate neighbourhood and a top-tier offering on its own street. This isn’t a flashy, top-of-the-market home, but a grounded property that has outperformed expectations on its block. It would suit first-time buyers seeking a turn-key home with already-completed improvements, or practical investors looking for a stable property in a consistent neighbourhood with a recent, clear valuation benchmark.

Frequently Asked Questions

1. How does the recent sale price compare to the area?
The August 2024 sale at $380,000 placed this property in the top 6% of sales on Devonshire Drive and the top 40% for Winnipeg, indicating a very strong sale performance for this specific street.

2. What does "renovated basement" typically mean here?
While specific finishes aren't listed, a renovated basement in a home of this era usually means updated flooring, drywall, and lighting, creating a finished living, recreational, or additional bedroom space. It’s a key value-add.

3. Is the lot size a major advantage?
Yes. At 3,499 sqft, the land area is larger than over half the lots on Devonshire Drive. This offers more private outdoor space than many neighbouring properties, which is a less obvious but valuable perk.

4. How does the home's age affect things?
Built in 1986, major components like the roof, windows, and furnace may be nearing or have reached their typical lifespan. A pre-purchase inspection is advisable to budget for any upcoming updates, though the renovated basement suggests some modernization has occurred.

5. Who might this property not suit?
Buyers seeking a brand-new build or very large interior square footage may find it limiting. The living area is modest for Winnipeg, so those needing extensive main-floor space or an attached garage might continue their search. It’s best for those who prioritize lot size, neighbourhood stability, and recent renovations over sheer interior size.