Property Overview: 1191 Devonshire Drive W, Winnipeg
Key Characteristics & Appeal
This 1,126 sqft home, built in 1992, presents a compelling value proposition in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its strong performance relative to its immediate street and area, rather than the broader city. The living space is notably above average for Devonshire Drive W, ranking in the top 20%, which suggests a more spacious interior compared to many direct neighbours. A standout feature is the assessed value, which ranks in the elite top 1% on its street, indicating this property is viewed as a high-value asset in its most direct comparison group.
The lot size of 3,700 sqft is generous for the street but smaller than the average for the wider Meadows area, pointing to a lower-maintenance yard that still offers good outdoor space. Recent sale history shows strong, competitive pricing in the market.
This home would suit value-conscious buyers looking for a well-positioned property on a desirable street, particularly those who prioritize interior space and assessed valuation over a very large lot. It's also a sensible choice for those who appreciate a home from the early 90s, likely offering modern layouts while still being of an age where major components may be due for planned updates.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessment ranks in the top 1% on Devonshire Drive W. This typically reflects a combination of the home's above-average living area, its condition, and any improvements made relative to neighbouring properties.
2. How does the lot size impact the property?
At 3,700 sqft, the lot is larger than the street average but smaller than the Meadows area average. This often translates to a manageable yard with less maintenance than a larger lot, while still providing private outdoor space.
3. What does the sale history indicate about the property's market performance?
The home sold in 2021 and again in 2024, each time at a price ranking well above average for the street. This suggests it has consistently been perceived as a premium offering in its immediate location.
4. Is a 1992-built home considered older or newer for Winnipeg?
Built in 1992, this home is newer than the city-wide average. It falls into a period offering modern floor plans and construction standards, while major systems like the roof or furnace may be entering a stage where inspection for future replacement is prudent.
5. How should I interpret the "top percentage" rankings?
These rankings show how this property compares to groups of similar homes. The most relevant comparison is often "Same street," which shows its standing among its closest neighbours. The "Same area" (Meadows) and "City-wide" contexts help gauge its position in the broader market.