1501 McDermot Avenue W – Property Summary
Key Characteristics & Appeal
This is a 1911-built home with 1,164 square feet of living space and a notably large 4,871-square-foot lot. The property sits in Winnipeg’s Weston neighbourhood. The land is its standout feature: it ranks in the top 17% on the street and top 9% in the area for size, which is well above average. The living area is also slightly above neighbourhood norms—top 15% locally—though it falls slightly below the citywide average for comparable homes.
The assessed value is $205,000, which is below average citywide (top 91% means most Winnipeg homes are valued higher), but above average for the Weston neighbourhood. The year built is older than most nearby homes, and well below both neighbourhood and city averages. The property is likely suited to buyers who prioritize outdoor space, lot size, or the potential of an older home in an established area. It may appeal to someone comfortable with a fixer-upper or interested in a property where the land holds more value than the structure itself—something that can matter for long-term investment or redevelopment possibilities. It would be less suited to someone looking for a modern, move-in-ready home or a compact, low-maintenance yard.
Five Possible FAQs
1. How does the lot size compare to other homes nearby?
The lot is 4,871 square feet, which is larger than most comparable homes on the street and in the Weston neighbourhood. It ranks in the top 9% for the area.
2. The assessed value seems low for the lot size. Why?
Assessed value reflects the combination of land and building condition. The home’s age (1911) and potentially outdated features may be dragging the overall value down, even though the land itself is above average for the neighbourhood.
3. Is this a good option for someone looking to renovate or rebuild?
It could be, depending on your goals. The large lot gives flexibility, but you’d want to check zoning, any heritage restrictions, and the actual condition of the house. The low assessed value relative to land suggests the building may need significant work.
4. How does the living area compare to typical homes in Winnipeg?
At 1,164 square feet, it’s slightly below the citywide average of 1,342 square feet for comparable homes, but it’s above average for the Weston neighbourhood, where the typical home is around 936 square feet.
5. What should I know about a house built in 1911?
Older homes can have solid construction but often need updates to electrical, plumbing, insulation, and windows. You may also encounter lead paint or asbestos. A thorough inspection is recommended, especially if you’re not experienced with older properties.