Property Overview: 1878 Mcdermot Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Brooklands, built in 1952 and situated on a notably generous lot. The property’s primary appeal lies in its land size—at nearly 5,000 sq ft, the lot is significantly larger than most in the immediate area and neighbourhood, offering ample outdoor space and potential. The home itself is modest, with 731 sq ft of living space, and features a renovated basement and a detached garage.

Its charm is grounded in practicality and potential. The renovated basement adds functional living space, while the large lot presents opportunities for gardening, expansion, or future redevelopment. The assessed value is very low relative to the Winnipeg average, suggesting a lower property tax burden. This home would suit a first-time buyer, an investor looking for a land-value play, or someone seeking a manageable, no-frills property with the valuable asset of extra land in the city. It’s a home where the value is arguably more in the property itself than in the current structure.

Section 2: Frequently Asked Questions

1. Is the large lot size a common feature in this area?
No. The lot is approximately 4,992 sq ft, which places it in the top 14% for size on its own street and the top 16% within the Brooklands neighbourhood. This is a standout feature compared to nearby properties.

2. How does the home’s size compare to others?
The living area is 731 sq ft, which is below average for the street, neighbourhood, and city. This confirms it is a compact, efficient layout, with the renovated basement providing additional usable space.

3. What does the assessed value indicate?
At $21,400, the assessed value is around average for Brooklands but in the bottom 10% citywide. This typically correlates with a lower municipal property tax bill than a newer or larger home in Winnipeg.

4. Was the recent sale price typical?
The home sold for $18,900 in July 2019. Market conditions have changed since then, but that sale price was consistent with the home’s below-average assessed value at the time.

5. What is less obvious about this property’s potential?
Beyond the clear value of the large lot, the combination of a very low tax assessment and a renovated basement is noteworthy. It offers a cost-effective entry into homeownership with immediate usable space, avoiding the "blank canvas" costs of a full basement renovation. The older vintage (1952) may also appeal to buyers interested in a character home of that era, albeit a smaller one.