1409 Mcdermot Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1,156-square-foot home built in 1928, sitting on a 2,657-square-foot lot in Winnipeg’s Weston neighbourhood. The property's assessed value is $208,000.
Where the appeal lies: The home offers above-average living space relative to the neighbourhood, where the typical home is around 936 square feet. It also ranks above average in assessed value within Weston (top 27%), suggesting it holds value well compared to nearby properties. However, the land area is notably small—well below the street average of 3,789 square feet—and the year built is older than most citywide homes. This creates an interesting balance: you get more interior space than many nearby homes, but less outdoor space, on a street where lots tend to be larger. The assessed value is also below the citywide average ($390,100), which may appeal to buyers looking for something more affordable relative to the rest of Winnipeg.
Who it suits: Buyers who prioritize indoor square footage over yard space, and who are comfortable with an older home (1928) that likely needs some updating or maintenance. It’s a good fit for someone who wants a solidly sized interior in a well-established neighbourhood without paying a premium for a large lot. Not ideal for those seeking a big backyard or a newer, move-in-ready property. It may also suit investors or first-time buyers looking for a property with above-average value within its immediate area.
Frequently Asked Questions
1. How does this home compare to others in Weston?
It’s above average in both living area (top 16% in the neighbourhood) and assessed value (top 27%). The lot size is roughly average for the area. It’s an older home but not unusually so for Weston.
2. Is the assessed value of $208,000 realistic?
It’s just below the street average ($214,100) and above the neighbourhood average ($184,700). That gap suggests the property is valued reasonably for its immediate area, especially given its larger-than-average interior.
3. What does the 1928 build year mean practically?
You’re likely dealing with older construction methods, possible knob-and-tube wiring, and original plumbing or insulation. The home is older than about 63% of homes on the same street, so nearby properties may be more modernized. Factor in renovation costs.
4. Why is the land area so small compared to the street average?
The street average (3,789 sqft) is pulled up by some larger lots nearby. This property ranks in the bottom 14% on the street for lot size. It’s average for Weston overall, so it’s not unusual for the neighbourhood—just small relative to immediate neighbours.
5. Is this a good investment?
It depends on your goals. The home’s assessed value is strong for Weston, and its living area is well above the neighbourhood norm. But the small lot and older age could limit resale appeal to buyers who want more yard space or a newer home. If you’re buying for yourself and don’t need a big yard, the value per square foot may be favourable.