244 Devonshire Drive

Property Overview

This home at 244 Devonshire Drive presents a specific and practical value proposition. Built in 1984, its key characteristic is its compact 680 sqft living area, which is notably smaller than most homes on its street, in the Meadows area, and across Winnipeg. This is balanced by a land area of 3,749 sqft, which is above average for its immediate street. The assessed value is modest, positioned below average locally but around average when viewed city-wide.

Its appeal lies in its efficiency and potential as an entry point into homeownership. The below-average operating costs, reflected in the assessment, and the manageable lot size suggest lower maintenance. It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-cost property. A thoughtful perspective is that its smaller size and older vintage, while not for everyone, offer a blank canvas for energy-efficient upgrades or an expansion, with the lot size providing that flexibility. It’s a property where value is defined more by land and location potential than by its current structure.

Frequently Asked Questions

1. Why is the living area significantly smaller than nearby homes?
The home's 680 sqft footprint is characteristic of certain modestly sized models built in its era. It ranks in the bottom 13% for size on its own street, indicating it's one of the more compact properties in the immediate vicinity.

2. How does the assessed value compare, and what does it imply?
The assessed value of $31,200 is below the average for both Devonshire Drive and the Meadows area. City-wide, however, it sits closer to the average. This typically suggests lower property taxes compared to larger homes in the neighbourhood, which can be an advantage for budget-conscious owners.

3. Is the lot size a positive feature?
Yes, particularly on its own street. At 3,749 sqft, the lot is larger than the average lot on Devonshire Drive. This provides more outdoor space than many direct neighbours, though it is smaller than the broader area and city averages.

4. What can the last sale price tell us?
The home sold for an estimated $200k–$250k in 2020. This price range was above the average for its street and area at that time, indicating that market conditions or specific property features commanded a premium relative to its direct peers.

5. Who would this property not be suitable for?
It may not suit buyers who prioritize ample indoor space or a modern, open-concept layout without planning renovations. Families needing multiple bedrooms or those desiring a home that is larger than most in the neighbourhood might find it too compact.