1398 Mcdermot Avenue W

1398 McDermot Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1955-built home with 840 square feet of living space on a 4,255-square-foot lot. Its assessed value is $246,000.

Where its appeal lies: The property stands out most for its land and value relative to the immediate neighbourhood. The lot is larger than average on the street (top 24%) and well above average in the Weston area (top 17%). Similarly, the assessed value is strong for the street (top 25%) and notably high for the neighbourhood—ranking in the top 12% of homes in Weston. The house itself was built in 1955, making it newer than most homes on the street and in the area. That said, the living area is below average both on the street and citywide, and the citywide rankings for value and lot size drop significantly—this is not a standout property when compared across all of Winnipeg, but it holds its own within its immediate context.

What type of buyer it would suit: This home is a good fit for someone who prioritizes outdoor space and is looking for solid relative value within the Weston area. It may appeal to buyers who are willing to trade a smaller interior footprint for a larger yard—something that’s increasingly uncommon in older, denser neighbourhoods. It could also suit someone who wants a postwar-era home that’s not among the oldest in the area, and who isn’t concerned about competing with citywide averages for square footage or lot size. Renovators or first-time buyers looking for a property with room to expand or improve might find the land-to-building ratio appealing.

Five Possible FAQs

1. How does this home compare to others on the same street?
   It ranks well on the street. The assessed value is in the top 25%, the land area is in the top 24%, and the year built is in the top 21%. The living area is below average, ranking 160th out of 221 homes.

2. Is the living area considered small?
   Yes, relative to the street and city. At 840 sqft, it’s below the street average of 1,144 sqft and well below the citywide average of 1,342 sqft. It’s closer to the neighbourhood average of 936 sqft, so it’s more typical for Weston itself.

3. What does “rank by land area, larger = better rank” mean in practice?
   It means the ranking system treats a bigger lot as a positive. This property’s 4,255 sqft lot beats 76% of homes on the same street and 83% in the neighbourhood for size. Citywide, it’s more average—the typical Winnipeg lot is about 6,570 sqft.

4. Why is the assessed value strong locally but only average citywide?
   The home’s $246,000 assessed value is above the street average ($214k) and well above the neighbourhood average ($184k), reflecting strong local demand or larger lots in this pocket. But the citywide average for comparable homes is $390k, so it’s not competitive across all of Winnipeg—just within its immediate area.

5. How was the year built data calculated?
   The “average year built” figures are rough medians for comparable homes in each scope. On this street, the median build year is 1942; in Weston, it’s 1937. At 1955, this home is newer than most nearby, which may appeal to buyers who want a mid-century build without the maintenance issues of a pre-war house. Citywide, the median is 1966, so this home is a bit older than average for Winnipeg as a whole.