Key Characteristics and Appeal
This 799 sqft home on McDermot Avenue is noticeably smaller than the average single-family home in Winnipeg—about 40% smaller than the citywide norm. The property sits on a 3,794 sqft lot, which is close to the average for both the street and the West Alexander neighbourhood, but well below the citywide average of 6,570 sqft. Built in 1947, the house is older than the typical Winnipeg home but newer than many in the immediate area.
Where this property stands out is in its assessed value relative to its size. Despite being below average in square footage, its tax assessment of $248,000 is well above the street and neighbourhood averages. That suggests the value is tied to location or lot characteristics rather than living space. The property ranks in the top 23% of its street and top 16% of West Alexander by assessed value, even as it ranks in the bottom quartile for size.
The main appeal here is for buyers who prioritize a central, established neighbourhood over square footage. West Alexander offers older character homes, mature streets, and proximity to downtown Winnipeg. This property would suit someone looking for a smaller, more affordable entry point into a neighbourhood where lot values tend to hold. It’s less suited to buyers expecting a large modern home or a house with significant expansion potential on a small lot.
Five Possible FAQs
1. How does the property’s small size affect its resale value?
The home is already valued higher than most on its street despite being smaller. That suggests the location and land are driving the assessment more than the building itself. Resale will likely depend on whether future buyers also value the neighbourhood over square footage.
2. Is there room to expand the house on this lot?
The lot is about 3,800 sqft, which is fairly standard for the area but not generous by citywide standards. Any addition would need to fit within setback rules and likely wouldn’t allow for a major expansion without sacrificing yard space.
3. How do property taxes compare to similar homes in Winnipeg?
Property taxes are based on a $248,000 assessment, which is above the neighbourhood average but well below the citywide average of $390,000. So taxes are moderate relative to the city as a whole, but higher than what you might expect for a home of this size.
4. What condition is a 1947 home typically in?
Homes from that era vary widely. Some have been fully updated; others retain original systems. No condition details are provided here, so a thorough inspection is essential. Older homes in West Alexander often have solid construction but may need electrical, plumbing, or insulation upgrades.
5. How does this home compare to others on McDermot Avenue?
It’s smaller than most on the street—77% of homes there are larger. But it’s assessed higher than 77% of them. So it’s a case of paying a premium for location over size. The lot and build year are both close to the street average.