Property Overview
This one-and-three-quarter storey home on Mighton Avenue presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Built in 1926, it sits on a 3,030 sqft lot with 960 sqft of living space and includes a detached garage and an unrenovated basement. The home last sold in late 2019.
Its appeal lies in its position as a practical, entry-level property. The lot size is notably above average for the city, offering potential for expansion or outdoor space in an established area. With an assessed value that ranks well above average for its immediate street, it represents a more affordable point of entry compared to broader city averages. This isn't a move-in-ready showcase, but a solid baseline—a character home from the 1920s waiting for modernization.
This property would suit a first-time buyer or an investor comfortable with a project. It’s for someone who values a larger lot in a mature neighbourhood over a newer or larger house, and who sees potential in the existing structure and the opportunity to add value over time.
Frequently Asked Questions
What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has slightly less full-height living space than a true two-storey home, often with sloped ceilings or dormer windows, providing a cozy, character-filled upper level.
How significant is the unrenovated basement?
The basement is noted as "not renovated," which implies it's in functional, original condition. Buyers should budget for potential updates to insulation, flooring, or moisture management, but it also offers a blank canvas for finishing to suit one's needs.
The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not a market price. That it ranks highly on its street suggests it is viewed as a solid property in its immediate context. The sale price will be determined by current market conditions, the home's condition, and buyer demand.
Is the lot size a major advantage?
Yes, particularly from a long-term perspective. At over 3,000 sqft, the lot is larger than most in Winnipeg, offering more private outdoor space and greater flexibility for future additions, landscaping, or parking than many newer infill properties.
What should I consider about the 1926 build date?
A home of this age has character and sturdy construction but requires a diligent inspection. Key focuses should be the foundation, original plumbing and electrical systems, roof age, and insulation. Planning for phased updates to these core systems is a realistic approach for a new owner.