Property Summary: 238 Devonshire Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 238 Devonshire Drive in the Meadows neighbourhood is defined by its efficiency and affordability. Its key characteristic is its compact size, with a living area of 680 sqft that places it well below the average for the street, neighbourhood, and city. Built in 1984, the house is of a similar vintage to many others in the immediate area. The lot size of 3,150 sqft is typical for Devonshire Drive but is smaller than most lots in the broader Meadows area.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a notably low assessed value ($28,700), it represents one of the most affordable properties on its street and in the Meadows area. This creates a unique opportunity for minimal property tax burdens relative to other homes. Its last recorded sale was between $200k-$250k in 2018.
This property would best suit first-time buyers, investors, or downsizers seeking a low-cost footprint. It’s a practical choice for those who prioritize financial efficiency over space and are comfortable with a home that requires creative use of a smaller floor plan. A thoughtful perspective is that this home’s value is heavily anchored in its land and location rather than its structure, making it a potential candidate for future renovation or redevelopment, subject to local regulations.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price?
Assessed value for municipal tax purposes is not the same as market value. The significant gap between the assessed value ($28,700) and the 2018 sale price ($200k-$250k) is common and reflects different valuation methods. Taxes here would be based on the much lower assessed figure.
2. How does the small living area compare to nearby homes?
At 680 sqft, this home is substantially smaller than most. The average living area on Devonshire Drive is about 970 sqft, and in the wider Meadows area, it’s about 1,286 sqft. Buyers should be prepared for a cozy living space.
3. What does the "Top 97%" ranking for assessed value mean?
This statistic means the home’s assessed value is in the bottom 3% for its street and neighbourhood—it is among the very lowest. This indicates its standout feature is its low property tax assessment relative to surrounding properties.
4. Is the lot size a limitation?
The lot is average for the street but below average for the neighbourhood. At 3,150 sqft, it provides a modest outdoor space. It is not particularly large by Winnipeg standards, but it is consistent with other properties on this specific block.
5. How can I find out the exact historical sold prices?
The provided sale prices are estimated ranges from public data. To obtain the precise sale history, you must request it via the email service noted on the listing page. The provider manually supplies this detail directly to inquiring users.