1472 Mcdermot Avenue W – Property Summary
Key Characteristics & Buyer Profile
This 1,470 sqft home on a 3,985 sqft lot was built in 1949. It sits in the Weston neighbourhood of Winnipeg. What stands out most is the living space: it’s well above average for both the street (top 18%) and the neighbourhood (top 4%). The assessed value of $228k is above the Weston average but well below the citywide average—meaning you’re getting more square footage for less money compared to the city as a whole. The lot is slightly larger than the neighbourhood norm but smaller than typical citywide.
The appeal here is pragmatic rather than flashy. You’re getting a home that offers generous interior space in an older, established area, without paying a premium for location or land. It’s not a fixer-upper by the numbers (year built is average for the street), but it’s not new either. This property would suit a buyer who values interior square footage over a large yard or a trendy address—someone who wants room to spread out but is willing to trade a newer build or a bigger lot for that space. It’s also a reasonable option for someone looking to enter the market in a modest, well-ranked neighbourhood without stretching into citywide pricing territory.
Five Possible FAQs
1. How does this home compare to others in Weston on value for money?
It’s above-average value for the area. The assessed value is in the top 17% of the neighbourhood, while the living area is in the top 4%. That gap suggests you’re paying a fair price for a larger-than-typical home, rather than paying for prestige or location.
2. Is a 1949 home likely to need major updates?
It depends on the specific condition, which this data doesn’t cover. But being roughly average for the street in year built, it’s not unusually old for the area. Expect systems that may be original or updated at some point—typical for a home of this vintage.
3. Why is the land area smaller than the city average?
The citywide average includes newer suburbs with larger lots. Weston is an older, closer-in neighbourhood where lots tend to be more compact. The 3,985 sqft lot is actually above average for the neighbourhood (top 25%), so it’s generous for the area.
4. What does “assessed value” mean for a buyer?
It’s the city’s estimate of market value for property tax purposes. It’s not the same as the sale price, but it gives you a ballpark of how the home is valued relative to others. A below-average citywide assessment here suggests this home is priced below typical Winnipeg values, which could mean lower property taxes compared to similarly sized homes elsewhere.
5. How reliable are these rankings for making an offer?
They’re useful for context, not precision. They show how this property stacks up statistically against nearby and citywide comparables—helpful for understanding whether you’re overpaying or getting a deal. But they don’t account for condition, renovations, or recent sales. Always pair them with a home inspection and recent comparable sales in the immediate area.