Property Overview: 1358 Devonshire Drive W, Winnipeg
Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2023, offering the appeal of a nearly new construction with minimal initial upkeep. Its primary strength is efficient use of space: at 1,327 sqft, the living area is significantly larger than most on its street and is very close to the city-wide average, providing comfortable roominess within a contemporary footprint. With an assessed value of $343,000, it sits around the average for its immediate street and city-wide, but is notably more affordable than most homes in the broader Peguis area, representing a value-oriented entry into a newer build.
The appeal lies in this balance of modernity, manageable size, and relative value. It suits first-time buyers or downsizers seeking a turn-key home without the worries of older systems, and who prioritize interior space over a large yard. A thoughtful perspective is that while the lot is compact (2,126 sqft), this translates to less yard work and lower exterior maintenance costs—a practical advantage for those seeking a simpler lifestyle. Buyers should be aware that its value is anchored more to its newness and efficient design than to its land size.
Frequently Asked Questions
1. How does the property’s value compare to nearby sales?
It last sold between $350,000-$400,000 in June 2023. Its current assessed value of $343,000 is around the average for Devonshire Drive W, but ranks in the top 25% of sold prices for the street, suggesting it may hold its value well in its immediate context.
2. What are the trade-offs of the smaller lot size?
The land area is in the bottom 7% on its street and bottom 2% city-wide. This means minimal private outdoor space and limited potential for expansions like large decks or additions. The benefit is reduced maintenance and potentially lower property taxes tied to land value.
3. Is the home likely to have major repair costs soon?
As a 2023 build, major structural components like the roof, furnace, and windows should be under warranty or have decades of life remaining, offering significant peace of mind and predictable housing costs.
4. Why is the assessed value so much lower than the Peguis area average?
The average assessed value in Peguis is skewed higher by larger, older homes on bigger lots. This property’s value is more aligned with its specific street and modern, compact design, offering a different type of housing product within the area.
5. Where can I get verified historical price data for this home?
The site’s sold price data is based on public records, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup via email through the property page.