859 Mcdermot Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,216 sq. ft. home built in 1921, situated on a 4,152 sq. ft. lot in Winnipeg’s West Alexander neighbourhood. The lot size is the standout feature here—it ranks above average on both the street and in the neighbourhood, and falls within the top 23% locally. That gives the property more outdoor space than many comparable homes nearby, which is less common in older, denser parts of the city.
The assessed value sits at $223,000. While that’s above the West Alexander average ($187,300), it remains well below the citywide average for comparable homes ($390,100). The structure itself is older than most citywide, but the year built is in line with the neighbourhood average. Living area is roughly typical for the street and area—not notably large or small.
Where the appeal lies: The property offers a combination of a modestly priced older home with a larger-than-expected lot in a semi-established urban area. It may not draw buyers looking for move-in-ready space or newer finishes, but it could appeal to those who value land over square footage, or who are open to renovating or adding to an existing structure.
Suitable buyers: First-time buyers priced out of newer or more central Winnipeg neighbourhoods; investors or flippers interested in a lot with potential for expansion or redevelopment; owners who want a small home with a sizable yard in a walkable, older part of the city.
Frequently Asked Questions
1. How does the assessed value compare to other homes in West Alexander?
The assessed value of $223,000 is above the neighbourhood average of $187,300, placing it in the top 28% locally. However, it is well below the citywide average for comparable homes, which is around $390,100. This suggests the property is relatively affordable within Winnipeg, but slightly pricier than its immediate neighbours.
2. Is the lot size unusual for this area?
Yes—the 4,152 sq. ft. lot is larger than both the street average (3,789 sq. ft.) and the neighbourhood average (3,591 sq. ft.). It ranks in the top 23% for the area, which is notable in a neighbourhood where smaller lots are more common. That said, it is still below the citywide average for comparable homes (6,570 sq. ft.), so it’s not oversized by broader standards.
3. The home was built in 1921—should I expect major renovation needs?
The property is older than most homes citywide (average build year is 1966), but its age is typical for West Alexander. A home of this vintage likely has original structural features and may require updates to plumbing, electrical, insulation, or roofing. Buyers should budget for inspections and possible repairs, especially if the home has not been recently renovated.
4. How does the living area compare to other properties?
At 1,216 sq. ft., the living area is slightly below the neighbourhood average (1,299 sq. ft.) and the citywide average (1,342 sq. ft.), but it is above the street average of 1,144 sq. ft. It’s a comfortable size for a small household, but not spacious for those needing multiple bedrooms or large open layouts.
5. What is the neighbourhood like for resale or future development?
West Alexander is an older, established area with a mix of housing types. The larger lot could support an addition, a secondary suite, or even a teardown and rebuild, depending on zoning. The property’s relatively low assessed value relative to citywide numbers may also mean there is room for value growth if the area sees reinvestment. That said, resale will depend on local market trends and the condition of the home itself.