Property Overview: 1799 Mcdermot Avenue W
Key Characteristics & Appeal
This two-storey home, built in 2021, stands out as a distinctly modern property in its established Brooklands setting. Its key appeal lies in being a move-in-ready, low-maintenance home without the typical concerns of an older property. With 1,351 sqft of living space, it offers comfortable room sizes that are notably above average for the immediate neighbourhood.
The data reveals a compelling contrast: while the land parcel is modest for the city, the house itself is one of the newest on the block—ranking in the top 1% for year built on its street. This positions it uniquely for buyers who want modern construction and systems but prefer a mature, close-in neighbourhood over a new suburban subdivision. The assessed value is strong for the area, suggesting it is viewed as a premium property within its local market.
This home would suit first-time buyers or downsizers seeking a modern, efficient layout without renovation projects. It also appeals to value-conscious buyers who prioritize a newer roof, furnace, and windows, understanding that this can offset a smaller yard. It’s less suited for those seeking extensive outdoor space or who prefer the character and renovation potential of a century home.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but not renovated. This offers flexible storage or future development potential to suit a buyer’s needs.
2. Is there parking or a garage?
The listing indicates no garage. Buyers should inquire about on-site parking options, such as a driveway or pad, and verify any street parking regulations.
3. How does the property compare in size to others?
The living space is generous for Brooklands. However, the lot size is more compact, which is a typical trade-off for a newer infill property in an older neighbourhood.
4. Why is the assessed value so much higher than nearby older homes?
The assessed value reflects the property’s modern construction (2021), which carries a higher value than the much older average homes in the area. This is common for recent builds in established neighbourhoods.
5. What does the sale history indicate?
It last sold in July 2021 for $35,900. This recent sale at a price close to its current assessed value suggests a stable market perception since its construction.