Property Overview
173 Devonshire Drive is a compact, single-family home built in 1984, situated on a standard residential lot in Winnipeg's Meadows neighbourhood. Its key appeal lies in its position as an accessible entry point into homeownership, offering a lower financial barrier compared to most of the market. The home's recent sale price (estimated between $300k-$350k in 2025) and its notably low assessed value highlight this affordability.
Key Characteristics & Ideal Buyer
This is a modestly-sized property at 680 sqft of living space, which is smaller than most homes on its street, in the Meadows area, and across Winnipeg. Similarly, its lot size of just over 3,000 sqft is below the local and city averages. These characteristics point to a home best suited for minimalists, first-time buyers, or investors seeking a lower-cost rental property. Its primary appeal is financial efficiency: you are purchasing a functional home in an established neighbourhood without paying for excess space. A less obvious perspective is that a home of this size and vintage, while requiring updates, may offer simpler, more manageable renovation projects compared to a larger, more complex property. It suits a practical buyer who values location and getting into the market over immediate size or modern finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed values in Manitoba are primarily for municipal tax purposes and often lag behind current market values, which are driven by buyer demand, recent sales, and market conditions.
2. What does the "Top 97%" ranking for Living Area mean?
This statistic indicates that 97% of comparable homes in the Meadows area are larger. For this property, it confirms that its 680 sqft size is significantly below the area average, which is a key factor in its affordability.
3. Is the smaller lot size a disadvantage?
It depends on your priorities. A smaller lot means less exterior maintenance, which can be a benefit for those seeking a low-upkeep property. However, it offers less private outdoor space and limited potential for expansions like a large addition or garage.
4. What can be inferred from the Year Built ranking?
Built in 1984, the home is around the average age for its immediate street and neighbourhood. However, city-wide, it ranks in the top 30%, meaning it is newer than about 70% of Winnipeg homes. This suggests major components like the roof, windows, or mechanical systems may be within a typical renewal period.
5. How reliable are the provided sold price ranges?
The ranges are based on publicly available data. For the exact sale price, you must request it directly via the provided email service, as precise sale prices are not publicly disclosed in Manitoba.