Property Overview: 1839 Mcdermot Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Brooklands presents a practical opportunity centered on its land and modern build. The 3,753 sqft lot is typical for the street and neighbourhood, offering standard outdoor space. The key standout is the year built: constructed in 2003, it is significantly newer than most homes on the block and in the wider area, suggesting potentially fewer immediate concerns with major aging components compared to its peers.
Its appeal lies in its simplicity and relative modernity within an established neighbourhood. With 1,083 sqft of living space, it's a manageable size, and the presence of an unrenovated basement offers a blank canvas for future expansion. The property suits first-time buyers or practical investors looking for a straightforward, newer-built home without premium pricing, as evidenced by its below-average citywide assessed value. It’s a fit for those who prioritize a modern foundation over turn-key finishes and see potential in a property that may not have the character of an older home but offers functional basics.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value ranking for the street indicate?
While the home's assessed value is above average for Mcdermot Avenue W and Brooklands, it remains below the Winnipeg city average. This suggests the property is considered a solid asset within its immediate, more modest market, but isn't in a high-value area city-wide.
2. How significant is the 2003 build year?
Very. With comparable homes on the street averaging a build year of 1942, this house is decades newer. This typically implies newer roofing, wiring, plumbing, and windows, which can mean lower near-term maintenance costs and better energy efficiency than much of the surrounding housing stock.
3. The home last sold in 2017. Should that be a concern?
Not inherently. The seven-year ownership period suggests stability, not rapid turnover. It does, however, highlight the importance of checking what updates, if any, were made during that time, as the basement is noted as unrenovated.
4. What is the practical implication of having no garage?
This is a key consideration for Winnipeg winters. Buyers should budget for and plan where to park vehicles, and where to store typical garage items. The lot size is standard, so adding a garage in the future may be possible but would consume a significant portion of the yard.
5. Who might this property not suit?
It may not suit buyers seeking a fully updated, move-in-ready home, as the basement is unrenovated. It's also less ideal for those needing extensive living space on one level, as the footprint is modest. Lastly, buyers looking for a property that will lead city-wide in valuation growth may find the below-average city assessment reflects its location's market limits.