1855 Mcdermot Avenue W

Property Overview

This 2017-built bi-level home at 1855 Mcdermot Avenue W in Brooklands presents a modern living opportunity within a neighbourhood of predominantly older homes. Its key appeal lies in its relative newness, requiring less immediate maintenance than its peers, paired with a practical layout. The 1,192 sqft living area is notably above average for Brooklands, offering more space than many nearby properties. The lot size is standard for the street and area, providing a balanced outdoor space without extensive upkeep. The home does not have a garage and the basement exists but is not renovated, representing potential for future customization.

This property is well-suited for first-time buyers or practical-minded owners seeking a newer, low-maintenance structure in a mature neighbourhood. It also appeals to those who value modern building standards and efficiency but wish to avoid the premium of a brand-new subdivision. The unrenovated basement is a blank canvas for those looking to add value and personalize their space over time.

Frequently Asked Questions

How does the year built affect this home?
Built in 2017, this home is significantly newer than the neighbourhood average (often homes from the 1940s-1960s). This typically means more modern wiring, plumbing, insulation, and building materials, leading to greater energy efficiency and lower immediate repair costs.

Is the assessed value a good indicator of the sale price?
Not directly. The assessed value is for municipal tax purposes. Notably, this home last sold in 2022 for $410k, which was in the top 1% for the street and neighbourhood at that time, indicating strong market demand for newer homes in the area.

What does "basement, not renovated" mean?
The home includes a basement, but it is in a basic, unfinished state. This is a common feature in newer builds and represents both a cost-saving at purchase and a future opportunity to add living space, a rental suite, or storage according to your needs and budget.

How does the lot size compare?
At 3,751 sqft, the lot is very typical for Mcdermot Avenue W and the Brooklands area. It is, however, below the city-wide average, which is influenced by newer suburban lots. This means manageable yard maintenance but less private outdoor space than some suburban properties.

Why is the living area notable for Brooklands?
With 1,192 sqft, this home's living area ranks well above the Brooklands average (~920 sqft). This means you are getting a more spacious interior compared to many older, smaller homes in the immediate vicinity, which is a key differentiator.