847 McDermot Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1904 home offers 1,338 sqft of living space on a 4,148 sqft lot. The living area is notably above average for the street (top 29%) and sits comfortably within neighborhood and citywide averages. The land is a standout feature: it's larger than most properties in the immediate area (top 25% in West Alexander) and above the street average of 3,789 sqft, giving it more outdoor space than many nearby homes.
The assessed value of $193,000 is around average for the street and neighborhood, but well below the citywide average of $390,100. This reflects both the age of the property and the character of the West Alexander area—an older, more established part of the city where land values don't reach newer suburban levels.
The appeal lies in the balance: a solidly-sized older home on a generous lot, priced below what you'd pay for comparable square footage in most other parts of Winnipeg. The trade-off is clear—you get space and character in a mature neighborhood, but the building is over 120 years old, so maintenance and systems will reflect that era.
Best suited for: Buyers who value lot size and character over a turnkey modern finish. This works well for someone comfortable with an older home's quirks—whether that's a first-time buyer looking for more land than a typical starter home offers, or someone who sees potential in updating a property in a central, established neighbourhood.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The 4,148 sqft lot is well above average for the immediate street and neighbourhood (top 34% and top 25% respectively). However, citywide, many homes sit on larger parcels—averaging 6,570 sqft—so the lot is modest by suburban standards but generous for the area.
2. What does the assessed value tell me about this property?
At $193,000, the assessment is lower than the street average ($214,100) but slightly above the neighborhood average ($187,300). Citywide, it ranks in the bottom 7%, which largely reflects the age of the home and the area's overall price profile—not necessarily the home's condition.
3. Is the home's age a major concern?
Built in 1904, it's one of the older homes on the street (top 83% by age) and in the city (top 99%). That means systems like electrical, plumbing, and insulation may need attention. But it also suggests the home has been standing for over a century—which often speaks to solid original construction, assuming regular upkeep.
4. How does this property compare to similar homes in West Alexander?
It's roughly average in value and living area for the neighbourhood, but above average in lot size. If you're looking at comparable homes in the area, this one offers more outdoor space per square foot of building.
5. What kind of updates might a home of this age typically need?
That depends on prior renovations, which aren't detailed here. Generally, a 1904 home could benefit from modern insulation, updated windows, and potentially a new roof or HVAC system. Foundation and knob-and-tube wiring are worth a close look during an inspection. The lot size, however, means you have room for additions—garages, workshops, or landscaping—that more compact properties can't accommodate.