844 Mcdermot Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,206-square-foot home on a 3,301-square-foot lot, built in 1902 and located in Winnipeg’s West Alexander neighbourhood. The living area sits slightly above the street average but in line with the neighbourhood and city medians—nothing standout, but solidly middle-of-the-pack. The assessed value of $209,000 is notably below the citywide average of $390,100, which reflects the older age of the home (most comparable city properties were built around 1966) and the smaller-than-typical lot size.
The appeal here is less about flash and more about practicality. For a buyer who wants to be in a central, established area without paying a premium for a newer or larger home, this property offers a lower entry point than much of Winnipeg’s housing stock. The older construction year (1902) means it likely has character details and solid bones common to pre-war homes, but also potential maintenance considerations—this isn’t a move-in-ready flip. It would suit a buyer comfortable with updating or maintaining an older home, someone prioritizing location and affordability over square footage or modern finishes. Because the assessed value ranks in the bottom 10% citywide, it may also appeal to investors or first-time buyers looking for value in a neighbourhood where lot sizes and living areas are more typical than the city average.
Frequently Asked Questions
1. Is the assessed value of $209,000 a good indicator of the market price?
Not always. Assessed values are based on municipal valuation models and may lag behind current market conditions. In a neighbourhood like West Alexander, where demand and recent sales can shift, the actual sale price might be higher or lower. It’s best to compare with recent sold listings in the immediate area rather than rely solely on the assessment.
2. The home was built in 1902. What should I look out for with a house this old?
Older homes often have solid framing and unique architectural details, but they can also have outdated electrical, plumbing, and insulation. It’s worth getting a thorough inspection focused on the foundation, roof, and any signs of knob-and-tube wiring or asbestos. The fact that it’s ranked in the bottom 1% citywide for age means it’s older than almost all comparable properties—so expect that systems and finishes may need updating.
3. How does the lot size compare to other properties in the area?
The lot is 3,301 square feet, which is slightly below the neighbourhood average of 3,591 square feet and well below the citywide average of 6,570 square feet. On McDermot Avenue, it’s also smaller than the street average of 3,789 square feet. This means less yard space, but also potentially less maintenance—fine for someone who doesn’t need a large outdoor area.
4. What is West Alexander like as a neighbourhood?
West Alexander is an older, central Winnipeg neighbourhood with a mix of residential and light commercial properties. It’s relatively dense compared to suburban areas, with smaller lots and older housing stock. Proximity to downtown makes it convenient for commuters, but some blocks have more rental properties and varied upkeep. It’s not a high-demand luxury area, which helps keep prices accessible.
5. Should I use the neighbourhood analysis map to compare nearby homes?
Yes. The data provided shows rankings at the street, neighbourhood, and city levels, but a map view lets you see specific nearby properties side by side. That’s useful for understanding whether this home is underpriced, overpriced, or fairly positioned relative to its immediate neighbours—especially for year built, lot size, and assessed value, which can vary block to block.