Property Overview: 1822 Mcdermot Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1952 on a generously sized lot in Brooklands. Its key characteristic is the balance between a modest, renovated living space (732 sqft) and a substantial, developable land parcel (3,745 sqft). The appeal lies in its potential and practicality. The renovated basement adds functional living space, while the lot size is well above the city-wide average for comparable homes, offering room for expansion, gardening, or future projects. With an assessed value significantly below the Winnipeg average, it presents an accessible entry point into the market.
This property would suit first-time buyers or practical downsizers looking for a low-maintenance footprint without sacrificing outdoor space. It’s also a sensible fit for value-oriented investors or buyers with a longer-term vision who see the underlying value in the land itself, viewing the existing house as a solid foundation to build upon or improve over time.
Section 2: Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The land area is nearly double the average for similar homes city-wide. This provides rare potential in this price range for additions, a large garden, or parking.
2. Who might find the living area too small?
The interior space is compact. Buyers needing multiple dedicated rooms (e.g., a home office and multiple bedrooms) or who prefer spacious, open-concept living may find it limiting without planning for a future expansion.
3. How does the assessed value compare to the recent sale price?
The home last sold in July 2022 for $26,600, which was higher than its current assessed value of $23,200. This suggests a market value that can fluctuate above the city’s assessment, a common occurrence in active neighbourhoods.
4. What does "renovated basement" typically mean for a home of this era?
It usually indicates updated essentials like flooring, lighting, and drywall, making the space livable and functional. Prospective buyers should inquire about the specific scope of the renovation, including moisture control and updates to electrical or plumbing systems.
5. Is the lack of a garage a major drawback?
For some, yes. However, the large lot offers ample space to add a shed or potentially a future garage, which is a notable advantage over properties on smaller lots where adding one isn't feasible.