1464 McDermot Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 1,400-square-foot home built in 1913, located in the Weston neighbourhood of Winnipeg. The standout feature is the living space: it's well above average both on the street (top 24%) and within the neighbourhood (top 5%), where the typical home is under 1,000 square feet. That extra room makes it noticeably larger than many nearby houses, without being oversized by citywide standards.

Where the property really offers value is in its assessed value relative to size. At $249,000, it's priced above the street and neighbourhood averages, but well below the citywide median of $390,000 for comparable homes. So you're getting a relatively spacious house in a neighbourhood where values are modest. The trade-off is the land: the lot is 2,657 square feet—smaller than most on the street and much smaller than the city average. Year built (1913) is also older than typical for the area and the city, which means you're looking at an older home that will likely need ongoing maintenance or updates.

This property would suit a buyer who prioritizes interior square footage over yard space, and who is comfortable with an older home in a working-class neighbourhood. It's a strong fit for someone looking for more room without the price tag of newer or larger-lot properties elsewhere in the city. Investors or first-time buyers who don't mind a project—or who appreciate the character of a century home—should take a closer look.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $249,000 is above the street average ($214,100) and the neighbourhood average ($184,700). However, it's significantly below the citywide average for comparable homes ($390,100). This places the property in the top 11% of the neighbourhood by value, but in the bottom 17% citywide—meaning you're paying a premium for the area, but getting a relative bargain compared to the city as a whole.

2. Is the lot size a problem for gardening or outdoor space?
The land area is 2,657 square feet. It's below average for both the street (3,789 sqft) and the city (6,570 sqft), but roughly in the middle for the Weston neighbourhood. So while you won't have a sprawling yard, it's not unusually small for the immediate area. If you're looking for a large garden or room for extensions, you'll need to measure carefully.

3. Is a 1913 home likely to have major issues?
Older homes often have outdated electrical, plumbing, insulation, or foundation work. The year-built ranking puts it in the bottom 30% on the street and bottom 10% citywide. This doesn't mean it's in poor condition—but it does mean you should budget for repairs and get a thorough inspection. Some buyers appreciate the solid construction and character of pre-war homes; others find the upkeep a headache.

4. How does this house compare to new builds in the area?
Newer homes in Weston tend to have smaller floor plans (neighbourhood average is 936 sqft) and smaller lots, but often come with modern systems and finishes. This property offers more living space than almost any new build nearby, but it will almost certainly require more maintenance. If you value space over move-in readiness, this is a strong alternative to newer construction.

5. What does "top 5% in the neighbourhood" actually mean for resale?
It means this home is one of the largest in Weston by living area. That can be an advantage when selling—buyers looking in the area will see it as a rare find. However, the smaller lot and older age may limit how much you can ask. The assessed value suggests the market already prices in those trade-offs, so don't expect the size alone to command a premium above comparable sales.