This one-and-a-half storey home on Mighton Avenue, built in 1931, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in offering more space than many immediate peers, both in its living area (1,128 sq ft) and on its lot (3,191 sq ft), which ranks well above the local average. The home features a renovated basement and a detached garage. While its assessed value is modest compared to the city-wide average, it is notably above average for its own street, suggesting it represents a solid value within its specific, established community. This property would suit a first-time buyer, an investor, or someone seeking a character home with room to grow without the premium of a newer subdivision. It’s for a buyer who values a larger lot and more interior space relative to neighbouring homes, and who understands the trade-offs of an older home in a mature neighbourhood.
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What does the "renovated basement" entail?
It's important to clarify the scope, quality, and permits for this renovation, as basements in homes of this era can have moisture or foundational considerations.
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How does the sale history influence value?
The home sold in June 2020 for $20,700, which is close to its current assessed value. Understanding the market conditions and any changes made since that sale will be crucial for pricing context.
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What are the practical implications of the lot size?
While the lot is larger than most on the street, this could mean more maintenance, but also greater potential for gardening, expansion, or adding outdoor living space compared to tighter lots.
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How does this home compare to the nearby referenced properties?
The listing notes comparable homes on Talbot Avenue, which are older and have smaller living areas. This suggests 205 Mighton Avenue may offer a relative advantage in space and potentially newer systems for the area.
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What is the neighbourhood character and long-term outlook?
Chalmers is a mature neighbourhood. Prospective buyers should research local development plans, infrastructure projects, and community amenities to gauge the area's trajectory and fit for their lifestyle.