1399 McDermot Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 735 sqft home built in 1955, sitting on a 4,255 sqft lot in the Weston neighbourhood of Winnipeg. What stands out here isn't the house itself, but the land and the value story. The living area is small—well below both street and city averages—but the lot is noticeably larger than most nearby properties. On the street, it ranks in the top 24% for land size. That matters more in older, established neighbourhoods where land is harder to come by than square footage.

The assessed value tells a similar story. This property is assessed at $237,000, which is above the street and neighbourhood averages, but well below the citywide median. That gap reflects location and property age more than condition. The home is older than most in Winnipeg (built 1955 vs. city average of 1966), but newer than many on its own street, where the average build year is 1942.

This property would suit a buyer who values land over living space. It's a strong candidate for someone looking to renovate, expand, or hold for long-term appreciation in an area where lots of this size are uncommon. First-time buyers who are willing to trade interior space for a larger yard—or investors focused on land value—would find it worth a look. It's less suited for anyone needing a move-in ready, spacious home in a trendy area.

Frequently Asked Questions

1. Is this home smaller than most in Winnipeg?
Yes. At 735 sqft, it's well below the citywide average for comparable homes (1,342 sqft) and ranks in the bottom tier. That said, it's not unusual for the immediate street, where many homes are similarly sized. The small footprint is offset by the larger lot.

2. How does the lot size compare to other properties nearby?
Favourably. The 4,255 sqft lot is above average for the street and the neighbourhood. It ranks in the top 17% within the Weston area. That's a meaningful advantage in an older, denser part of the city where larger lots are less common.

3. Is the assessed value a fair price?
The assessed value of $237,000 is above the street and neighbourhood averages, but significantly below the citywide median of $390k. Assessment doesn't always match market price, but in this case it suggests the home is priced reasonably for its size and location—with the land carrying more weight than the structure.

4. What year was the house built, and is that a concern?
Built in 1955. That's older than the citywide average but newer than most homes on the same street. Buyers should expect older mechanicals, potential for knob-and-tube wiring or lead paint, and a layout that may not be open-concept. A thorough inspection is wise, but many homes of this vintage in Weston have been well-maintained.

5. What kind of buyer typically looks at a property like this?
Buyers interested in land value or renovation potential. It's less about move-in readiness and more about location, lot size, and the opportunity to improve over time. It could also appeal to someone downsizing who wants a manageable interior with a good-sized yard.