519 McDermot Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1901-built home with 1,869 square feet of living space on a 3,621-square-foot lot. The property ranks in the top 7% for living area on its street and top 13% within the West Alexander neighbourhood—well above the local averages. Its assessed value sits above the street and neighbourhood medians but is well below the citywide average, which suggests this part of Winnipeg tends to have lower valuations than the city as a whole.
The building is older than most surrounding homes, dating to 1901, and the lot is close to the neighbourhood average but smaller than typical city lots. The appeal here is spacious indoor square footage in a central location, at a tax assessment that doesn’t reflect that size. For someone who values interior room over yard space and doesn’t mind an older structure, this property offers a rare combination: a large floor plan in an area where most homes are smaller, with a relatively modest tax base. It would suit buyers looking for character, generous living space, and a neighbourhood with established infill potential—not someone seeking a low-maintenance new build or a large private lot.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
This home’s 1,869 sqft is well above the street average of 1,144 sqft and the neighbourhood average of 1,299 sqft. It ranks in the top 7% on McDermot Avenue and top 13% in West Alexander.
2. Is the assessed value high or low relative to the area?
The assessed value ($239,000) is above the street and neighbourhood averages, but well below the citywide average of $390,000. This suggests the property is seen as higher-value locally but not by broader city standards.
3. What does the year built mean for maintenance?
Built in 1901, the home is older than most on the street (average 1942) and in the neighbourhood (average 1921). Buyers should expect aging systems, potential foundation or wiring updates, and possibly heritage restrictions—but also the character and craftsmanship typical of pre-war construction.
4. How does the lot size affect usability?
At 3,621 sqft, the lot is very close to the neighbourhood average but about 45% smaller than the typical Winnipeg lot. It’s suitable for a single-family home with limited yard space, but not for major additions or detached structures requiring large setbacks.
5. Would this property be a good investment?
The combination of above-average living area, below-average citywide assessment, and older construction could appeal to buyers looking for value-add potential. Renovations may increase both useable space and resale value, especially in a neighbourhood where larger homes are uncommon. However, the small lot and age limit certain types of redevelopment.