Property Overview: 191 Mighton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old one-storey home in Winnipeg's Chalmers neighbourhood, built in 1909. Its key characteristics include a 752 sqft living area, a 2,127 sqft lot, a detached garage, and a basement that is present but not renovated. There is no pool.
The primary appeal lies in its position as an entry-point property. With a notably low assessed value and a recent (2020) sale price of $110k, it represents one of the most accessible homeownership opportunities in the city. This isn't a move-in-ready showhome; its value is in the land and the structure's potential. The lot size, while below average for the area, still provides essential outdoor space. The home’s age and condition suggest it is ideally suited for a hands-on buyer—perhaps a first-time investor looking for a hold-and-rent property, a contractor seeking a live-in renovation project, or a buyer with a tight budget who prioritizes getting into the market over immediate comfort. Its appeal is pragmatic, centered on opportunity cost and future potential rather than current luxury.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home's age, smaller size, and likely the need for significant updates compared to other properties. It indicates this is a value-play property, not a premium one.
2. What does "below average" for land area mean in practice?
The lot is 2,127 sqft, which is smaller than most in Chalmers. This means yard space is limited, but it also typically translates to less exterior maintenance. For the right buyer, this is a practical trade-off.
3. Is the basement usable?
The listing confirms a basement exists but specifies it is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or future development, but not finished living space.
4. What are the implications of a home built in 1909?
While full of character, a home of this age requires a diligent inspection. Potential buyers should budget for updates to foundational systems like wiring, plumbing, and insulation, and be mindful of historical building materials.
5. Who would this property not suit?
It would not suit buyers seeking a turn-key, modern, or spacious home. It is also less ideal for families needing multiple bedrooms or ample living space immediately, or for anyone unwilling to take on a project or manage renovations.