Property Summary: 1845 Mcdermot Avenue W
Key Characteristics & Appeal
This bi-level home at 1845 Mcdermot Avenue W in Winnipeg's Brooklands neighbourhood presents a distinct blend of modern convenience and practical living. Its primary appeal lies in its exceptional newness; built in 2020, it ranks among the newest 3-5% of homes in its area and city-wide, offering contemporary construction standards and minimal immediate maintenance concerns. The property features a renovated basement and a detached garage.
The home suits two primary types of buyers. First, it's ideal for first-time buyers or downsizers seeking a modern, low-maintenance footprint without the wait and uncertainty of a new build. Second, it appeals to value-conscious investors or hands-on owners who see potential in the below-average lot size (2,501 sq ft)—it’s a manageable property where future exterior upgrades or landscaping would be less daunting and costly than on a larger plot.
A thoughtful perspective is that this home offers a "right-sized" opportunity. While the living area (882 sq ft) is modest, it is actually around average for the Brooklands area, suggesting it’s efficiently scaled for the community. The assessed value sits above average for the immediate street and neighbourhood, indicating it is already recognized as a premium property within this specific market context, potentially offering stability.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the city average, it is quite typical for the Brooklands neighbourhood. This translates to less yard maintenance and can be a practical benefit for those not seeking extensive outdoor space.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This would be a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a utility area, or includes a secondary suite.
3. How does the 2020 build year affect property taxes?
The home's modern assessed value of $320,000, which is above average for the area, will directly influence property tax calculations. Buyers should budget accordingly, as taxes will likely be higher than on an older, similarly sized home in the same area.
4. Who might this property not suit?
It may not be the best fit for buyers requiring extensive indoor living space, as the square footage is compact. It also may not appeal to those looking for a large, private yard or who prefer an attached garage for Winnipeg winters.
5. How does the sale history inform the current value?
The property last sold in January 2020 for $291,000, likely near its completion. The current assessed value suggests appreciation since that initial purchase, reflecting its established status as a newer home in an older neighbourhood.