1451 McDermot Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 976 sqft home built in 1922 on a 2,658 sqft lot in Winnipeg’s Weston neighbourhood, with an assessed value of $154,000. The property sits around average for its street and neighbourhood in terms of living area, but is below average citywide—meaning you get less square footage than typical Winnipeg homes, though that’s partly a reflection of its older housing stock. The year built (1922) places it roughly in line with neighbours but older than the city average, so expect character features and potentially more maintenance. The lot size is notably small for the street and city, but close to the neighbourhood norm.

The appeal here is pragmatic: this is not a "move-in ready" showpiece. It suits buyers who are price-conscious and willing to take on an older home in a modest, established area. The assessed value sits well below street and city averages, which may translate to lower property taxes and a lower purchase price relative to newer or larger homes. It could be a good fit for first-time buyers with renovation skills, investors looking for a rental with manageable square footage, or someone who wants to be in Weston without paying a premium for a larger lot they don’t need. The trade-off is clear: you get less space and land than most homes in Winnipeg, but at a cost that reflects that reality.

Frequently Asked Questions

1. How does the assessed value compare to what I’d actually pay?
Assessed value is a property tax estimate, not a market price. At $154k, this home is ranked low on its street and citywide, but market prices in Weston can vary. You should expect the sale price to sometimes exceed assessed value, especially if the home is updated. It’s a useful benchmark, not a guarantee.

2. Is a 1922 home likely to have hidden issues?
Older homes often come with outdated electrical, plumbing, or insulation. While the year built is typical for the neighbourhood, it’s worth budgeting for a thorough inspection. Some buyers find these homes have solid bones but need modernizing; others face surprise costs. The smaller land area may limit your ability to add an extension.

3. Why is the land area ranked so low citywide?
The lot is 2,658 sqft, which is well under the Winnipeg average of 6,570 sqft. In Weston, it’s actually close to the neighbourhood norm, so it’s not unusual locally. If you value a big yard or garden space, this property likely won’t suit. If you want lower upkeep and less outdoor work, it could be a plus.

4. How does the neighbourhood compare in terms of property values?
Weston’s average assessed value is about $184,700, and this home is below that. The street average is even higher at $214k. That doesn’t mean the home is a “bad deal”—just that it may be priced for a buyer who prioritizes affordability over size or condition. The neighbourhood is older and more working-class than many newer Winnipeg subdivisions.

5. What does the ranking system actually tell me?
The rankings compare this property to all similar homes on the same street, within Weston, and across Winnipeg. A higher percentile (e.g., Top 76% for living area citywide) means you outperform fewer homes—so this property is smaller than most. A lower percentile (e.g., Top 97% for assessed value) means it’s cheaper than most. The bar fill and colour are just visual shortcuts for these comparisons. The “Avg” listed is a rough median for that peer group.