Property Overview: 1873 Mcdermot Avenue W, Winnipeg
Key Characteristics & Appeal
This two-storey home in Brooklands presents a compelling mix of space, location, and value. Built in 1955, it sits on a notably large 5,000 sqft lot, placing it in the top 6% for land size on its street and the top 14% within the broader Brooklands neighbourhood. The 1,432 sqft living area is significantly above average for the area, ranking in the top 3% locally, offering more interior space than most nearby homes.
Its appeal lies in this generous footprint—both on the land and within the house—coupled with a recently renovated basement. The detached garage adds practical utility. While the assessed value is modest relative to the city, the home’s recent sale price significantly outperformed local averages, suggesting strong market recognition for its specific attributes.
This property would suit buyers looking for a spacious family home with room to grow or enjoy outdoors in a established neighbourhood. It’s particularly well-matched for those who value above-average interior and exterior space over a newer build date, and for owner-occupants seeking a home with clear, value-adding improvements already in place.
Frequently Asked Questions
1. How does the lot size compare to typical city lots?
While the lot is large for Brooklands, it is slightly below the Winnipeg city-wide average. This highlights the neighbourhood’s generally more compact, community-focused lot sizes, making this property a standout for extra outdoor space in this specific area.
2. The home was built in 1955. What should I consider?
The year built is above average for the street but typical for the wider area. Buyers should focus on the condition of major systems (roof, wiring, plumbing) and the quality of the basement renovation, as these will be more telling of the home’s current state than the age alone.
3. Why is there a large difference between the assessed value and the recent sale price?
The assessed value is for municipal tax purposes and often lags behind market trends. The sale price, which ranked in the top 2% for the neighbourhood, reflects what buyers were recently willing to pay for this home’s specific combination of renovated space and large lot.
4. What does the "Elite" ranking for living area in Brooklands mean?
It means this home’s interior square footage is among the very largest in the neighbourhood—only about 3% of comparable Brooklands homes are larger. This is a key differentiator for those needing more room.
5. Is the renovated basement included in the listed living area?
Typically, living area (1,432 sqft) refers to above-grade, finished space. The renovated basement is an additional asset that adds functional living space but is usually not counted in the official living area square footage, which adds to the home’s overall utility.