Property Overview
175 Mighton Avenue is a character home built in 1907, offering a blend of historic charm and practical updates. Its key appeal lies in its generous lot size for the immediate area and a recently renovated basement, providing valuable extra space. The home's living area is notably larger than many neighbouring and area comparables, making it a spacious option within its category. With no garage and a very recent sale price significantly above its assessed value, this property represents a specific market segment.
This home would suit a value-conscious buyer looking for a character property with a solid foundation in the Chalmers neighbourhood, particularly one who prioritizes indoor living space and a sizable yard over modern construction or garage parking. It’s also a candidate for those interested in the long-term potential of well-located, older homes, understanding that its age will be a factor in maintenance.
Frequently Asked Questions
1. What does "One & 3/4 Storey" mean for this home?
This is a common architectural style for the era, typically featuring a main floor and a second floor where the roofline slopes into the walls, creating some rooms with sloped ceilings. It adds character but can affect furniture placement and headroom in parts of the upper level.
2. The assessed value is much lower than the recent sale price. Why?
Municipal assessments for tax purposes often lag behind the current market, especially after a rapid sale. The sale price reflects what a buyer was recently willing to pay in the open market, while the assessment is an older valuation for a different purpose. This discrepancy is not uncommon for older, character homes in transitioning areas.
3. Are there any concerns with a home built in 1907?
While the renovated basement is a positive, the age of the home means prospective buyers should pay special attention to the condition of major original systems. A thorough inspection focusing on the foundation, plumbing, electrical wiring, and roof is highly recommended to understand any needed updates or repairs.
4. How does the lack of a garage affect daily living?
This means all vehicle parking will be on-street or on a potential driveway if space allows. It also requires planning for seasonal items like winter tires and yard equipment, which will need storage space within the basement or shed.
5. The lot is large for the street but small city-wide. What does that mean for me?
You’ll have more outdoor space than most of your immediate neighbours, which is a private advantage. However, compared to newer suburban lots, the yard is more modest. This lot size is typical for the neighbourhood and represents an efficient use of space in a mature, established community.