857 Mcdermot Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1906-built home with 1,176 square feet of living space on a 4,151-square-foot lot, located in Winnipeg’s West Alexander neighbourhood. Its main appeal lies in the lot size: relative to other homes on the same street and in the neighbourhood, the lot ranks well above average (top 24% in the area, top 32% on the street). The assessed value of $217,000 is also slightly above the street and neighbourhood averages, though well below the citywide average—indicating that while this property is priced competitively for its immediate context, it is not a high-end entry by broader city standards. The living area is close to typical for the street and neighbourhood, but slightly below the citywide norm.
The home’s age (1906) is a notable point: it ranks in the bottom 20% on its street and bottom 2% citywide. This suggests the structure is significantly older than most comparable homes, which may appeal to buyers who value character, original detailing, or a more established feel—but also implies potential maintenance or updating considerations.
This property would suit a buyer who prioritizes outdoor space over interior square footage, and who is comfortable with an older home in a working-class or transitional urban neighbourhood. It may be a good fit for someone looking to gain a foothold in Winnipeg’s real estate market without competing in pricier areas, or for a buyer interested in a renovation project where the lot provides added flexibility.
Frequently Asked Questions
1. How does this property compare to others on Mcdermot Avenue?
It’s fairly typical for the street in terms of living area and assessed value, but stands out for its larger-than-average lot (top 32%). The home is also considerably older than most on the street.
2. Is the assessed value of $217,000 a realistic market price?
Assessed value is not the same as market value—it’s a baseline used for property taxes. The fact that it’s above the street and neighbourhood averages suggests it’s not undervalued locally, but the final sale price will depend on condition, demand, and comparable recent sales.
3. What should I know about a home built in 1906?
Expect older construction methods, possibly knob-and-tube wiring, lead paint, and less insulation. Foundations and roofing may have been updated, but a thorough inspection is essential. The advantage is often better materials (old-growth wood) and more character than newer builds.
4. Why is the lot size ranked high neighbourhood-wide, but below average citywide?
In West Alexander, lots tend to be smaller than the city average (3,591 sqft vs. 6,570 sqft citywide). So a 4,151-sqft lot looks large locally, but is modest by broader Winnipeg standards, especially in newer suburban developments.
5. Who typically buys homes in West Alexander?
The area attracts a mix of first-time buyers, investors looking for rental properties, and homeowners interested in older, more affordable housing close to downtown. It’s not a high-demand or rapidly gentrifying area, so patience and a clear sense of your priorities matter.