433 McDermot Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a late-19th-century home (built 1899) in Winnipeg’s West Alexander neighbourhood, with 948 sq ft of living space on a 2,764 sq ft lot. Its assessed value for tax purposes is $136,000, which is notably low compared to averages on the street, in the community, and across the city. The property sits in the lower half of rankings for living area, lot size, and age when measured against nearby homes, but its tax assessment is even more of an outlier—ranking in the bottom 2% citywide. That means the buyer gets into a well-established street (Mcdermot Avenue) with a significantly lower property tax burden than most other homes in the area. The appeal lies in affordability and the character of an older home, not in size or modern finishes. It would suit a buyer who values low entry cost and lower ongoing tax exposure over having a larger or newer house, and who is open to a property that may need updating or has a smaller footprint. It could also work for someone looking for a starter home or an investment property in a central Winnipeg location.

Five Possible FAQs

1. How does the property tax compare to similar homes nearby?
The current assessed value of $136,000 is well below both the street average ($214,000) and the community average ($187,000). In fact, it ranks among the lowest 2% of properties citywide for tax assessment. This translates to lower annual property taxes than most comparable homes in the area.

2. The home was built in 1899—should I expect major maintenance issues?
Older homes often have unique systems and materials. Being in the oldest 8% of homes on the street, you can anticipate characteristics like plaster walls, possibly outdated electrical or plumbing, and an original foundation. A thorough inspection is recommended. That said, many homes of this vintage have been updated over time, so the actual condition will vary.

3. Is a 948 sq ft house small for this neighbourhood?
It’s slightly below the average living area on McDermot Avenue (1,144 sq ft) and definitely below the West Alexander average (1,299 sq ft). In a city where the typical home is around 1,342 sq ft, this is a compact house. It’s a good fit if you’re comfortable with less square footage and don’t need extra rooms or open-plan living at a larger scale.

4. What does the lot size mean for outdoor space or future additions?
The lot is 2,764 sq ft, which is smaller than the street average (3,789 sq ft) and the citywide average (6,570 sq ft). This limits options for large landscaping projects or adding a significant extension. However, it also means less yard maintenance and potentially a more manageable outdoor space for urban living.

5. How does this property compare to others in West Alexander overall?
This home ranks below average in living area, lot size, and age within the community, but its key advantage is the low tax assessment. It’s not a standout in terms of space or modernity, but for a buyer prioritizing lower carrying costs and a central location, it offers a realistic entry point into the neighbourhood.